Motorola Solutions Q3 sales $2.56B up 8% YoY; raises full-year guidance again

Motorola Solutions, Inc.

2023-Q3 EPS reported $6.46 revenue$7,129,000,000

Sales $2.56B, up 8% YoY; Software & Services sales up 12%, Products & Systems up 5%.
GAAP EPS $2.70 (up 66%), Non-GAAP EPS $3.19 (up 6%); operating cash flow $714M.
Record Q3 ending backlog $14.3B, up 6% YoY.
Company raises full-year revenue and earnings outlook due to robust demand.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Motorola Solutions, Inc. reported the third quarter of 2023 results: revenue $2,556, net income $639, EPS $2.70. Guidance raised.

Period: the third quarter of 2023
Revenue: $2,556
Net income: $639
EPS: $2.70
Guidance: raised
Result: reported results

Exact text from the filing

our revenue and earnings expectations for the full year.” KEY FINANCIAL RESULTS (presented in millions, except per share data and percentages) Q3 2023 Q3 2022 % Change Sales $2,556 $2,373 8 % GAAP Operating Earnings $639 $373 71 % % of Sales 25.0 % 15.7 % EPS $2.70 $1.63 66 % Non-GAAP* Operating Earnings $741 $676 10 % % of Sales 29.0 % 28.5 % EPS $3.19

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Source: SEC EDGAR

accession 0000068505-23-000043

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