Motorola Solutions Lifts 2026 Targets as Record Backlog Hits $16.6 Billion

Motorola Solutions recently raised its annual sales and adjusted earnings guidance following strong third-quarter demand. On European trading platform Lang & Schwarz, shares changed hands at 484.80 euros on Thursday, November 12, 2026, rising 1.1053 percent from an earlier quote of 479.50 euros on the same day.

The updated forecast followed quarterly financial figures released on November 4, 2026. Motorola Solutions reported third-quarter revenue of 3.4 billion US dollars, or $3.38 billion according to MarketBeat, marking an increase of 12 percent year over year. Adjusted earnings per share reached 4.69 US dollars, exceeding consensus expectations reported by MarketBeat. However, GAAP operating margin fell to 23.0 percent from 25.6 percent, driven primarily by an earnout adjustment related to Silvus.

Strong demand across all product segments pushed the company's ending order backlog to a record 16.6 billion US dollars, representing a 14 percent increase of 2.1 billion US dollars over the previous year. Chief Executive Greg Brown highlighted exceptionally strong customer demand across the public safety and communications portfolio. Products and Systems Integration sales increased 12 percent, while the Software and Services division expanded 13 percent during the quarter.

Management now forecasts full-year 2026 revenue of approximately 13.050 billion US dollars, up from the prior target of 12.975 billion US dollars. The company also raised its non-GAAP earnings expectations to between 17.94 and 17.99 US dollars per share, while increasing its operating cash flow target to 3.050 billion US dollars. For the fourth quarter, executives anticipate revenue growth of approximately 13 percent, though they noted potential risks from tariffs, elevated memory prices, and broader supply-chain pressures.

During the third quarter, the company completed two strategic acquisitions, purchasing counter-drone firm D-Fend Solutions for 1.3 billion US dollars and artificial-intelligence software provider DeepNeuronic for 29 million US dollars. Alongside the guidance update, Motorola Solutions announced a 2 billion US dollar addition to its share repurchase program, even as filings showed company insiders sold more than 156,000 shares over the past 90 days.