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FY2025 Q4
Повышен
Отчётный звонок Motorola Solutions, Inc.
Вывод Buzzberg
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.
Вывод Buzzberg 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. Читать полный анализСвернуть анализ
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.
Выручка$3.38BФакт
EPS$4.59Факт
Валовая маржа48.73%Факт
Операционная маржа26.01%Факт
6 подтверждённых тезисов
Что важно сейчас
Самые значимые изменения по итогам звонка.
AI
AI assist suites launched at $99 per user per month
Guidance
2026 guidance raised with faster second-half growth
Показать ещё 3 тезиса
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
Отчётный период
Фактические результаты
| Показатель | Факт | Изменение |
|---|---|---|
| Выручка | $3.38B | Факт |
| EPS | $4.59 | Факт |
| Валовая маржа | 48.73% | Факт |
| Операционная маржа | 26.01% | Факт |
| Свободный денежный поток | $1.142B | Факт |
| Капзатраты | $0.114B | Факт |
Прогнозные данные
Прогноз компании
| Показатель | Период | Диапазон | Середина | Статус |
|---|---|---|---|---|
| EPS | FY2026 | $16.70–$16.85 | $16.77 | Подтверждён |
| EPS | FY2026 Q1 | $3.20–$3.25 | $3.23 | Обозначен |
| Свободный денежный поток | FY2026 | $3B | $3B | Обозначен |
| Выручка | FY2026 | $12.7B | $12.7B | Повышен |
| Выручка | FY2026 Q1 | 6%–7% | 6.5% | Обозначен |
AI, капзатраты и спрос
Оценка менеджмента
Upbeat
Management repeatedly emphasized record results, strong demand, and raised guidance, expressing high confidence in continued growth and margin expansion.
Оценка AI от менеджмента
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
все упомянутые компании ниже: 4
Компаниис момента звонка
Партнёры
ANDURIL
Партнёры
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.
Доказательства
“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”
Цепочка поставок
Цепочка поставок
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.
Доказательства
“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”
Цепочка поставок
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.
Доказательства
“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”
Внешние сигналы
Альфа цепочки поставок · 2с момента звонка
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.
Методология и полнота
Анализ основан только на заявлениях менеджмента. Показаны все подтверждённые упоминания компаний: 4. Фактические результаты и прогнозы разделены. Публичные доказательства ограничены восемью короткими атрибутированными цитатами. AI-анализ может быть неполным или ошибочным — проверяйте важные утверждения по первоисточнику.