# Motorola Solutions, Inc. (MSI)

> Source: Nexqual · https://nexqual.com/MSI · data as of 2026-10-15 20:03 UTC · cite as "Nexqual, Motorola Solutions, Inc. (MSI), nexqual.com/MSI" · informational, not investment advice.

**Price:** USD 456.39 (+1.03% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 451.73 · day 455.24–461.68 · 52w 359.36–494.85 · market cap $75.5B · NYQ

## Key facts
- Last four reported quarters (through Jul 4, 2026): revenue $12.2B, net income $2.13B (17.4% margin), free cash flow $2.68B (SEC filings).
- Valuation: P/E 35.4x (avg 37.2x at the last 3 fiscal year-ends), EV/EBITDA 24.4x, net debt $8.32B.
- 8 of 80 tracked superinvestors hold MSI (13F, Q2 2026): 1 new, 2 added, 3 reduced, 2 unchanged.
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $8.5M; 4 not under a Rule 10b5-1 plan ($8.5M).
- Analysts: Buy (mean 1.79 on a 1–5 scale) (14 analysts), mean target USD 526.91 (range 476–550).
- Total return with dividends: 1Y +5.6% vs S&P 500 +18.1%; 5Y +101.8% vs S&P 500 +85.1%.
- Next earnings: 2026-11-05, EPS estimate USD 4.44, revenue estimate $3.28B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $8.17B | $9.11B | $9.98B | $10.8B | $11.7B | $12.2B |
| Gross profit | $4.04B | $4.23B | $4.97B | $5.51B | $6.04B | — |
| Operating income | $1.67B | $1.66B | $2.29B | $2.69B | $2.99B | $3.05B |
| Net income | $1.25B | $1.36B | $1.71B | $1.58B | $2.15B | $2.13B |
| EPS (diluted) | $7.17 | $7.93 | $9.93 | $9.23 | $12.75 | — |
| Free cash flow | $1.59B | $1.57B | $1.79B | $2.13B | $2.57B | $2.68B |
| Gross margin | 49.4% | 46.4% | 49.8% | 51.0% | 51.7% | — |
| Operating margin | 20.4% | 18.2% | 23.0% | 24.8% | 25.6% | 24.9% |
| Net margin | 15.2% | 15.0% | 17.1% | 14.6% | 18.4% | 17.4% |
| Revenue growth | +10.2% | +11.5% | +9.5% | +8.4% | +8.0% | — |
| Cash + short-term investments | $1.87B | $1.32B | $1.71B | $2.10B | $1.17B | — |
| Total debt | $5.69B | $6.01B | $6.02B | $6.00B | $8.41B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 4, 2026)
P/E 35.4x · P/S 6.2x · EV/EBITDA 24.4x · EV/Sales 6.8x · P/FCF 28.2x · P/B 28.3x · FCF yield 3.54% · Earnings yield 2.83% · Dividend yield (paid, TTM) 1.01% · Buyback yield (TTM) 1.40% · Net debt $8.32B · EV $83.9B
P/E at fiscal year-ends: Dec 2025 30.1x, Dec 2024 50.1x, Dec 2023 31.5x.

## Superinvestors (SEC 13F-HR, Q2 2026)
8 of 80 tracked investors hold MSI. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| David Rolfe | Wedgewood Partners | 5.63% | $27.3M | Reduced -3.4% |
| Jensen Investment Management |  | 2.81% | $116M | Added +64.5% |
| Mairs & Power | Mairs & Power Funds | 2.08% | $226M | Added +0.8% |
| Leon Cooperman | Omega Family Office | 1.58% | $56.1M | Unchanged |
| Torray Funds |  | 0.03% | $235K | Unchanged |
| Lee Ainslie | Maverick Capital | 0.01% | $814K | New position |
| Dodge & Cox Funds | Dodge & Cox | <0.01% | $4.5M | Reduced -3.5% |
| John Rogers | Ariel Investments | <0.01% | $287K | Reduced -0.6% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan |
|---|---|---|---|---|---|---|
| 2026-09-02 | Brown Gregory Q | Chairman and CEO | 14,220 | $6.9M | 4% | No |
| 2026-08-21 | Moore Kathryn A | SVP, HUMAN RESOURCES | 1,004 | $479K | 43.5% | No |
| 2026-08-12 | Howard Ayanna | Director | 685 | $322K | 17.6% | No |
| 2026-08-07 | Maher Katherine A | CVP and CAO | 1,754 | $824K | 71.7% | No |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

## Analysts
Consensus Buy (mean 1.79 on a 1–5 scale), 14 analysts; mean target USD 526.91 (low 476, high 550).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-22 | Piper Sandler | Target raised | Overweight | $530 → $531 |
| 2026-08-26 | Evercore ISI Group | Target raised | Outperform | $525 → $550 |
| 2026-08-07 | Truist Securities | Target raised | Buy | $525 → $545 |
| 2026-08-06 | JP Morgan | Target raised | Overweight | $525 → $545 |
| 2026-08-06 | UBS | Target raised | Buy | $510 → $520 |
| 2026-08-06 | Piper Sandler | Target raised | Overweight | $503 → $530 |
| 2026-08-06 | Barclays | Target raised | Overweight | $509 → $529 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +5.6% | +101.8% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +5.6% | +15.0% |
| Volatility (annualized) | 25.9% | 23.3% |
| Max drawdown | -20.8% (Mar 2026→May 2026) | -27.0% (Nov 2024→Dec 2025) |

## Peers (Communication Equipment)
LITE (Lumentum Holdings Inc.) USD 869.54 -11.99% · HPE (Hewlett Packard Enterprise Comp) USD 58.63 -14.79% · NOK (Nokia Corporation Sponsored) USD 9.57 -2.94% · CIEN (Ciena Corporation) USD 356.52 -10.96% · UI (Ubiquiti Inc.) USD 617.99 -0.36% · ERIC (Ericsson) USD 10.71 +10.30%

## More
Full page: https://nexqual.com/MSI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt