Demand
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FY2025 Q4
상향
Motorola Solutions, Inc. 실적 발표
Buzzberg 분석
Record Q4 orders and backlog signal strong demand
Motorola Solutions reported a record Q4 and full-year 2025, growing revenue 12% and 8% respectively, driven by strong demand across both segments and all technologies. The company is raising its 2026 revenue outlook on the back of a record $15.7B backlog and strong order momentum, particularly highlighting the outperformance of its Sylvus defense business. Management remains confident in margin expansion despite tariff headwinds, banking on portfolio mix and AI-driven software adoption. Q4 2025 revenue grew 12% YoY with record backlog of $15.7B, up $1B YoY, and record orders in both segments.
Buzzberg 분석 Record Q4 orders and backlog signal strong demand Motorola Solutions reported a record Q4 and full-year 2025, growing revenue 12% and 8% respectively, driven by strong demand across both segments and all technologies. The company is raising its 2026 revenue outlook on the back of a record $15.7B backlog and strong order momentum, particularly highlighting the outperformance of its Sylvus defense business. Management remains confident in margin expansion despite tariff headwinds, banking on portfolio mix and AI-driven software adoption. Q4 2025 revenue grew 12% YoY with record backlog of $15.7B, up $1B YoY, and record orders in both segments. 전체 분석 보기분석 접기
Motorola Solutions reported a record Q4 and full-year 2025, growing revenue 12% and 8% respectively, driven by strong demand across both segments and all technologies. The company is raising its 2026 revenue outlook on the back of a record $15.7B backlog and strong order momentum, particularly highlighting the outperformance of its Sylvus defense business. Management remains confident in margin expansion despite tariff headwinds, banking on portfolio mix and AI-driven software adoption. Q4 2025 revenue grew 12% YoY with record backlog of $15.7B, up $1B YoY, and record orders in both segments.
- Full year 2025 revenue reached $11.7B (up 8%) with non-GAAP operating margin at record 30.3%.
- 2026 revenue guidance raised to $12.7B (from $12.6B color), with EPS guide of $16.70-$16.85 and operating cash flow of ~$3B.
- Sylvus revenue expectations for 2026 raised to $675M, up from $600M, driven by strong international and unmanned systems demand, including significant traction with partners like Anduril.
매출$3.38B보고값
주당순이익(EPS)$4.59보고값
매출총이익률48.73%보고값
영업이익률26.01%보고값
근거 있는 핵심 내용 6개
지금 중요한 점
이번 발표에서 가장 의미 있는 변화를 정리했습니다.
AI
AI assist suites launched at $99 per user per month
Guidance
2026 guidance raised with faster second-half growth
핵심 내용 3개 더 보기
Guidance
Sylvus 2026 revenue expectation raised to $675 million
Margins
Margins expansion continues despite tariff headwinds
Cash Flow
Strong cash generation funds capital allocation flexibility
보고 기간
보고 실적
| 지표 | 보고값 | 변화 |
|---|---|---|
| 매출 | $3.38B | 보고값 |
| 주당순이익(EPS) | $4.59 | 보고값 |
| 매출총이익률 | 48.73% | 보고값 |
| 영업이익률 | 26.01% | 보고값 |
| 잉여현금흐름 | $1.142B | 보고값 |
| 자본지출 | $0.114B | 보고값 |
향후 전망
향후 가이던스
| 지표 | 기간 | 범위 | 중간값 | 상태 |
|---|---|---|---|---|
| 주당순이익(EPS) | FY2026 | $16.70–$16.85 | $16.77 | 유지 |
| 주당순이익(EPS) | FY2026 Q1 | $3.20–$3.25 | $3.23 | 제시 |
| 잉여현금흐름 | FY2026 | $3B | $3B | 제시 |
| 매출 | FY2026 | $12.7B | $12.7B | 상향 |
| 매출 | FY2026 Q1 | 6%–7% | 6.5% | 제시 |
AI, 자본지출 및 수요 분석
경영진 분석
Upbeat
Management repeatedly emphasized record results, strong demand, and raised guidance, expressing high confidence in continued growth and margin expansion.
경영진의 AI 분석
Management highlighted the launch of AI 'assist suites' for dispatchers and first responders at $99/user/month, emphasizing a comprehensive AI ecosystem that ingests multi-source data to reclaim time for public safety. They noted strong adoption of APEX Next apps, with subscriber targets raised to 300k by end of 2026, and positioned AI as an integrated part of their workflow portfolio, driving rec
아래에 언급된 기업 4개 모두 표시
기업발표 이후 수익률
파트너
ANDURIL
파트너
Greg Brown
Motorola (via Sylvus) is a key radio supplier to Anduril's product lineup; continued collaboration is a growth tailwind for Sylvus and validates its technology across defense platforms.
근거
“I think two-thirds of their products are have a or incorporate a Silvis radio into their design. So, we're really encouraged. We want to deepen that relationship”
공급망
공급망
Greg Brown
Motorola is raising Sylvus 2026 revenue expectations to $675M, up $75M from a quarter ago, driven by strong demand from Ukraine and broader unmanned systems / NATO demand. — This signals accelerating demand for mobile ad-hoc network (MANET) radios in defense drones, potentially benefiting suppliers and competitors in the unmanned systems space.
근거
“We're raising our expectations again for revenue this year in 2026. We expect SILVUS revenue of $675 million in 2026. That's $75 million higher from expectations a quarter ago”
공급망
Jason Winkler
The company expects a $60 million incremental tariff headwind in the first half of 2026 and rising memory costs, but plans to offset these with gross margin improvements and surgical price increases. — Despite memory cost increases, Motorola expects to mitigate the impact, which could signal continued pricing power but also highlights margin pressure across electronics supply chains.
근거
“we plan for an incremental tariff, which will present itself in the first half, and that's about $60 million. In terms of drivers for overall margin expansion and overcoming tariffs and other parts of the portfolio, like memory”
외부 신호
공급망 알파 · 2발표 이후 수익률
Motorola is raising Sylvus 2026 revenue expectations to $675M, up $75M from a quarter ago, driven by strong demand from Ukraine and broader unmanned systems / NATO demand.
The company expects a $60 million incremental tariff headwind in the first half of 2026 and rising memory costs, but plans to offset these with gross margin improvements and surgical price increases.
방법론 및 범위
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