2022-08-09

Motorola Solutions Reports Second Quarter 2022 Financial Results

Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the second quarter of 2022.

“Q2 was exceptional across the board, with record second-quarter revenue,” said Greg Brown, chairman and CEO of Motorola Solutions. “Our Q2 record-ending backlog and continued strong operational execution are driving our increased expectations for the full year.”

Highlights
Company raises full-year revenue and earnings outlook on strong Q2 results

  • Sales of $2.1 billion, up 9% versus a year ago
  • Products and Systems Integration sales up 7%
  • Software and Services sales up 11%
  • GAAP earnings per share (EPS) of $1.33
  • Non-GAAP EPS* of $2.07
  • Record Q2 ending backlog of $13.4 billion, up 19% versus a year ago
  • Closed the acquisitions of Calipsa, a leader in cloud-native advanced video analytics, and
  • Videotec, a global provider of ruggedized video security solutions