Motorola Solutions Inc

Motorola Solutions makes safety and security technology for public safety agencies, governments (including defense) and businesses such as schools and hospitals. It serves more than 100,000 customers in over 100 countries. Mission Critical Networks, its main line, covers two-way radios and the networks behind them, built to keep working in emergencies. Video covers security, body-worn and in-vehicle cameras plus door access systems. Command Center is software that handles an incident from the first 911 call to case closure.

The company reports two segments. Products and Systems Integration, which supplies devices and builds and installs communications systems, had fiscal 2025 net sales of $7.3 billion, or 62% of the $11.7 billion total. Software and Services, which covers repairs, maintenance, monitoring, cybersecurity and cloud software, brought in $4.4 billion, or 38%. Radio systems often last many years or decades, which helps drive demand for upgrades and services.

By product line, Mission Critical Networks made up 74% of fiscal 2025 sales, Video 18% and Command Center 8%. In August 2025 the company acquired Silvus Technologies and folded it into Mission Critical Networks, which also covers mobile ad-hoc network radios that link to each other without fixed towers, used by defense and disaster relief agencies. The United States supplied 68% of sales, the United Kingdom 5% and Canada 4%.

• In Q2 FY2026 (ended Jul 4, 2026), revenue was $3.13B, up 13.3% from a year earlier, and net income was $557.0M (+8.6%).
• For fiscal 2025, revenue was $11.68B (+8.0% year over year; +9.5% a year from FY2020 to FY2025) with a 18.4% net margin.

• Over FY2021–FY2025: $3.57B in buybacks and $2.98B in dividends.
• At least 9 consecutive annual increases: every fiscal year in the SEC data (FY2016–FY2025) shows an increase; the true streak may be longer.
• Regular dividends per share grew +11.2% a year over 5 years (FY2020–FY2025).
• Dividends took 33.8% of earnings and 28.3% of free cash flow in the latest fiscal year.
• Shares outstanding changed -2.0% from Oct 15, 2021 to Jul 31, 2026.

Rank among 1514 US companies

Market value at each year end

Motorola Solutions’s market value went from $13.76B at the end of 2016 to $80.65B on Nov 2, 2026, about 5.9 times as much; since the end of 2025 it is up 26%.

Form 4 filings from 2025-10-27 to 2026-10-27 (25 read): 0 open-market purchases and 12 sales ($8.5M).

Large shareholders (13G filings)

ETFs with the most weight in MSI

1. Public broadband could replace dedicated radio networks. Several governments have pushed to move public safety communications off dedicated radio networks onto public mobile broadband. Traction has been limited, but wider adoption could hurt Mission Critical Networks, 74% of fiscal 2025 sales.
2. A system failure could damage its reputation. Public safety and defense customers depend on these products in emergencies. Any real or perceived system failure, or quality that falls short of customer or regulatory standards, could hurt results and reputation.
3. AI features could misfire or fall behind. It expects to use more artificial intelligence (AI), including generative AI, in its products. Flawed, inaccurate or biased results could bring lawsuits or regulation, and rivals may build cheaper or better AI.
4. Acquisitions and a defense push add risk. It expects to keep acquiring companies, such as Silvus in August 2025. Integration can stumble and expected benefits may fall short, while its defense push faces startups and established defense contractors.
5. Large multi-year contracts can go wrong. It signs large system and services contracts that run for years and uses subcontractors on many contracts. Problems on these deals, including late or noncompliant subcontractor work, could hurt results.
6. Heavy debt depends on credit markets. As of July 4, 2026, it had about $9.0 billion of debt and $1.0 billion of cash and investments. A credit rating downgrade could make borrowing or refinancing harder or more expensive.

• Sep 9, 2026 Other company announcement
• Aug 17, 2026 Other company announcement
• Aug 5, 2026 Quarterly results released
• May 20, 2026 Shareholder vote results
• May 7, 2026 Quarterly results released
• Mar 12, 2026 Executive or board change
• Feb 11, 2026 Quarterly results released
• Nov 18, 2025 Executive or board change
• Oct 30, 2025 Quarterly results released

Motorola Solutions has raised its dividend per share for at least nine straight years, from $2.63 in fiscal 2020 to $4.48 in fiscal 2025, about 11% a year. In fiscal 2025 dividends took 34% of earnings and 28% of free cash flow (cash left after capital spending). Still, the yield was only 1% as of October 28, 2026, so the income is modest. Buybacks (repurchases of its own shares) totaled $3.6 billion over fiscal 2021 to 2025, more than the $3.0 billion paid in dividends, though the share count fell only about 2% from October 2021 to July 2026.

Downturns have hit the stock hard. In the 2008 financial crisis, when the company was still Motorola, Inc., the shares lost 83.5% and took until February 2016 to recover. They fell 32.8% in the 2020 COVID crash and 25.8% in the 2022 bear market, recovering within about 11 months each time. Single stocks carry more risk than diversified funds.