Motorola Solutions delivered a robust third quarter 2026, characterized by double-digit revenue growth across all segments and an all-time record backlog. Driven by exceptionally strong demand for safety and security solutions, the company raised its full-year revenue and earnings guidance for the second time this year.
Key Highlights
- Record Backlog: Total ending backlog reached $16.6 billion, up 14% year-over-year, supported by record third-quarter orders.
- Margin Expansion: Non-GAAP operating margin expanded 200 basis points to 32.5%, driven by operating leverage and higher sales, which offset rising AI-driven memory costs.
- Strategic Acquisitions: Closed the $1.3 billion acquisition of counter-drone leader D-Fend Solutions and the $29 million acquisition of AI software provider DeepNeuronic.
- Capital Returns: Increased the share repurchase authorization by $2 billion while repurchasing $94 million in stock during the quarter.