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Motorola Solutions Inc

motorolasolutions.com

What Do They Do?

Sells mission-critical communications systems, video security, and public-safety software to government and public-safety agencies, defense organizations, and businesses.

How Do They Make Money?

Government and enterprise customers buy devices, communications systems, software and services. Systems are billed at implementation milestones, services typically in advance, and invoices are generally due within 30 to 45 days in North America; hosted software and support are provided over the contract term.

revenue
SegmentShareRevenue
Mission Critical Networks (MCN)
74%
Video
18%
FY2022: 17%
Command Center
7.8%
FY2022: 6.6%

Who Are Their Customers?

Government and public-safety agencies, including defense, and businesses buy its communications, security and software solutions. It sells directly to its largest accounts and through dealers, distributors and software vendors.

Do Revenues Turn Into Profits?

Yes. It kept 18 cents of every revenue dollar as net income in FY2025 and turned 22 cents into free cash flow.

Operating income, FY2025
26% of revenue
▲ +11% vs FY2024 ($2.7B, 25%)
Net income, FY2025
18% of revenue
▲ +37% vs FY2024 ($1.6B, 15%)
Free cash flow, FY2025
22% of revenue
▲ +21% vs FY2024 ($2.1B, 20%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jul 4, 2026
Revenue
▲ +13%
vs $2.8B in Q2 FY2025
Net income
▲ +9%
vs $513M in Q2 FY2025
Mission Critical Networks (MCN) share of revenue vs 72.5% in Q2 FY2025
  • Aug 5, 2026 Agreed to acquire D-Fend and raised the 2026 outlook The proposed $1.5 billion acquisition is for counter-drone technology; the company also raised its full-year revenue and non-GAAP earnings outlook.

Growing. Revenue grew 43% in 4 years, from $8.2B in FY2021 to $11.7B in FY2025, about 9% a year.

Expanded communications technology The older report describes land-mobile radio systems; the latest also includes mobile tactical communications for defense, government and disaster-relief agencies that can work without fixed infrastructure.

Revenue over time
Mission Critical Networks (MCN) Video Command Center LMR Communications
$20B$10B$0

Who Do They Compete With?

Competes with Airbus, BK Technologies, DTC, Doodle Labs, Hytera, iCOM, JVCKenwood, L3Harris Technologies, Persistent Systems, RCA, Samsung, Sepura, Tait, TrellisWare Technologies, Zebra, Axis Communications, Axon Enterprise, Bosch, Brivo, and Dahua Technology

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