NYSE$MSI
Motorola Solutions, Inc. · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Motorola reported strong Q4 2024 growth with increased revenue, higher EPS, and record backlog.
Motorola Solutions delivered a solid Q4 2024, with revenue rising 6% YoY to $3.01 billion. Growth was driven by strong demand in North America and a significant 11% increase in Software & Services. Operating margin improved, and the company ended the quarter with a record $14.7 billion backlog, positioning it for continued growth in 2025.
- Revenue increased 6% YoY to $3.01 billion.
- Software & Services grew 11% YoY, outpacing other segments.
- Record backlog of $14.7 billion, up 3% YoY.
- Operating margin improved to 27.0%, driven by strong sales and cost efficiencies.
Headline financials
Revenue & EPS history
Motorola · Revenue · Quarterly
$3.01B
Revenue by segment
Motorola · $2.56B total across 2 segments · Q3 2023
- Products & Systems Integration$1.61B+5.4%63.1%
- Software & Services$944M+11.8%36.9%
Forward guidance
Motorola expects continued growth in 2025, with revenue projected to increase by approximately 5.5% and non-GAAP EPS between $14.64 and $14.74. The company sees strong demand across its portfolio, particularly in software and AI-driven solutions.
Tailwinds
- Expected revenue growth of 5.0%-5.5% in Q1 2025.
- Non-GAAP EPS guidance for Q1 2025 set at $2.98 - $3.03.
- Full-year 2025 revenue forecasted to grow ~5.5%.
- Strategic acquisitions, including Theatro, to enhance AI capabilities.
- Continued strength in backlog supports long-term growth.
Headwinds
- Foreign exchange headwinds expected to impact revenue by $120 million in 2025.
- Higher tax rate projected at approximately 23% for full-year 2025.
- Ongoing litigation in the UK related to Airwave contract.
- Potential higher employee incentive costs affecting margins.
- Increased competition in the software and AI communication market.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.9%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+4.2%
Avg return
30 days after
59%
43 / 73 earnings
Positive
+12.4%
Q4 2018
Best reaction
-9.3%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.1% | -8.7% | -5.2% | |
| Q4 2025 | +7.7% | +8.7% | +12.3% | |
| Q3 2025 | -9.3% | -8.7% | -14.4% | |
| Q2 2025 | +1.9% | +5.6% | +7.6% | |
| Q1 2025 | -7.6% | -5.5% | -5.4% | |
| Q4 2024 | -6.0% | -5.8% | -10.3% | |
| Q3 2024 | +7.6% | +6.0% | +4.4% | |
| Q2 2024 | +2.9% | +1.0% | +10.8% | |
| Q1 2024 | +5.3% | +6.6% | +8.6% | |
| Q4 2023 | +0.9% | -2.7% | +2.3% | |
| Q3 2023 | +6.7% | +8.7% | +16.0% | |
| Q2 2023 | -3.1% | -3.4% | -1.4% | |
| Q1 2023 | -2.4% | -0.7% | -2.0% | |
| Q4 2022 | +5.2% | +4.8% | +1.3% | |
| Q3 2022 | +6.2% | +7.0% | +13.7% | |
| Q2 2022 | +4.9% | +4.5% | +2.2% | |
| Q1 2022 | +6.6% | +5.7% | +3.6% | |
| Q4 2021 | -6.1% | -9.6% | -6.2% | |
| Q3 2021 | -2.1% | -1.3% | -1.8% | |
| Q2 2021 | +2.6% | +3.1% | +9.9% | |
| Q1 2021 | +7.2% | +8.6% | +13.0% | |
| Q4 2020 | +1.5% | +2.1% | -0.3% | |
| Q3 2020 | -3.9% | +0.9% | +5.5% | |
| Q2 2020 | +4.3% | +3.3% | +10.6% | |
| Q1 2020 | -3.0% | -3.0% | +15.2% | |
| Q4 2019 | +1.6% | +4.4% | -0.4% | |
| Q3 2019 | +1.0% | -2.5% | +1.5% | |
| Q2 2019 | +2.5% | +3.4% | +9.0% | |
| Q1 2019 | +0.6% | -0.7% | +5.1% | |
| Q4 2018 | +12.4% | +13.9% | +15.3% | |
| Q3 2018 | +5.1% | +2.7% | +7.1% | |
| Q2 2018 | -2.7% | +0.1% | +6.2% | |
| Q1 2018 | +0.4% | +0.2% | +1.4% | |
| Q4 2017 | +4.4% | +3.3% | +6.9% | |
| Q3 2017 | +4.1% | +1.7% | +2.7% | |
| Q2 2017 | -0.1% | -2.0% | -2.8% | |
| Q1 2017 | -2.2% | -1.9% | +0.3% | |
| Q4 2016 | +2.0% | -3.4% | +0.6% | |
| Q3 2016 | +6.1% | +9.8% | +11.1% | |
| Q2 2016 | +6.1% | +7.2% | +12.5% | |
| Q1 2016 | -5.0% | — | — | |
| Q4 2015 | +7.2% | — | — | |
| Q3 2015 | -5.5% | — | — | |
| Q2 2015 | +5.9% | — | — | |
| Q1 2015 | +2.4% | — | — | |
| Q4 2014 | -0.0% | — | — | |
| Q3 2014 | -0.3% | — | — | |
| Q2 2014 | -4.5% | — | — | |
| Q1 2014 | +3.0% | — | — | |
| Q4 2013 | -2.6% | — | — | |
| Q3 2013 | +3.4% | — | — | |
| Q2 2013 | +0.7% | — | — | |
| Q1 2013 | -8.7% | — | — | |
| Q4 2012 | +0.9% | — | — | |
| Q3 2012 | +0.5% | — | — | |
| Q2 2012 | +4.8% | — | — | |
| Q1 2012 | -0.0% | — | — | |
| Q4 2011 | +3.0% | — | — | |
| Q3 2011 | +3.6% | — | — | |
| Q2 2011 | +1.3% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q4 2010 | -2.3% | — | — | |
| Q3 2010 | +0.4% | — | — | |
| Q2 2010 | -0.7% | — | — | |
| Q1 2009 | -3.2% | — | — | |
| Q1 2010 | +1.4% | — | — | |
| Q4 2009 | -0.6% | — | — | |
| Q3 2009 | +2.5% | — | — | |
| Q3 2008 | +2.5% | — | — | |
| Q2 2009 | -2.5% | — | — | |
| Q2 2008 | -2.5% | — | — | |
| Q4 2007 | -2.5% | — | — | |
| Q4 2008 | -2.5% | — | — |
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