Motorola Q2 2021 Earnings Report
Key Takeaways
Motorola Solutions reported strong Q2 2021 results with sales of $2.0 billion, up 22% year-over-year. GAAP EPS was $1.69 and non-GAAP EPS was $2.07, a 49% increase year-over-year. The company raised its full-year revenue and EPS guidance following the strong quarter.
Sales of $2.0 billion, up 22% versus a year ago
GAAP earnings per share (EPS) of $1.69
Non-GAAP EPS of $2.07, up 49% versus a year ago
Backlog of $11.2 billion, up 7% versus a year ago
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Motorola Revenue by Segment
Forward Guidance
Motorola Solutions expects revenue growth of approximately 10% compared to the third quarter of 2020. The company expects non-GAAP EPS in the range of $2.09 to $2.14. For the full year 2021, Motorola Solutions now expects revenue growth of 9.5% to 10%, up from the prior guidance of growth of 8% to 9%, and non-GAAP EPS in the range of $8.88 to $8.98, up from the prior guidance of $8.70 to $8.80.
Revenue & Expenses
Visualization of income flow from segment revenue to net income