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Jul 01, 2023
Motorola Q2 2023 Earnings Report
Reported exceptional results, driven by double-digit revenue and operating earnings growth in both segments, record orders, and backlog.
Key Takeaways
Motorola Solutions reported a strong Q2 2023 with sales of $2.4 billion, up 12% year-over-year, and a record Q2 ending backlog of $14.3 billion, up 6% year-over-year. GAAP EPS was $2.15, up 62% year-over-year, and non-GAAP EPS was $2.65, up 28% year-over-year. The company raised its full-year revenue and earnings outlook.
Sales of $2.4 billion, up 12% versus a year ago
GAAP earnings per share (EPS) of $2.15, up 62% versus a year ago
Non-GAAP EPS of $2.65, up 28% versus a year ago
Record Q2 ending backlog of $14.3 billion, up 6% versus a year ago
Revenue by Segment
Forward Guidance
The company expects revenue growth of approximately 6% for the third quarter of 2023, compared to the third quarter of 2022, and non-GAAP EPS in the range of $2.99 to $3.04 per share. For the full year 2023, the company now expects revenue in the range of $9.875 billion to $9.900 billion, and non-GAAP EPS of between $11.40 and $11.48 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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