Loading...
•
Jul 02, 2022
Motorola Q2 2022 Earnings Report
Reported strong Q2 results with increased full-year revenue and earnings outlook.
Key Takeaways
Motorola Solutions reported exceptional Q2 2022 results, with record second-quarter revenue of $2.1 billion, up 9% year-over-year. The company raised its full-year revenue and earnings outlook due to strong operational execution and a record Q2 ending backlog of $13.4 billion, up 19% year-over-year.
Sales of $2.1 billion, up 9% versus a year ago.
GAAP earnings per share (EPS) of $1.33.
Non-GAAP EPS of $2.07.
Record Q2 ending backlog of $13.4 billion, up 19% versus a year ago.
Motorola
Motorola
Motorola Revenue by Segment
Revenue by Segment
Products & Integration Revenue
CapyFin.comSoftware & Services Revenue
CapyFin.com Forward Guidance
The company expects revenue growth of approximately 10% for the third quarter of 2022, compared to the third quarter of 2021, and non-GAAP EPS in the range of $2.85 to $2.90 per share. For the full year 2022, the company now expects revenue growth of approximately 8% and non-GAAP EPS between $10.03 and $10.13 per share.
Positive Outlook
- Revenue growth of approximately 10% expected for Q3 2022.
- Non-GAAP EPS in the range of $2.85 to $2.90 per share expected for Q3 2022.
- Full-year 2022 revenue growth now expected to be approximately 8%.
- Full-year 2022 non-GAAP EPS expected to be between $10.03 and $10.13 per share.
- The company anticipates that the ARPA will continue to have a positive impact throughout the remainder of 2022.
Challenges Ahead
- Approximately $60 million in foreign exchange headwinds expected in Q3 2022.
- Assumes approximately 172 million fully diluted shares.
- An effective tax rate of approximately 20% is assumed.
- Approximately $170 million in foreign exchange headwinds expected for full year 2022.
- Supply constraints continue to impact the business and the company expects demand for its products will continue to out-pace its ability to obtain semiconductor component supply throughout 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income