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Dec 31, 2024
Motorola Q4 2024 Earnings Report
Motorola reported strong Q4 2024 growth with increased revenue, higher EPS, and record backlog.
Key Takeaways
Motorola Solutions delivered a solid Q4 2024, with revenue rising 6% YoY to $3.01 billion. Growth was driven by strong demand in North America and a significant 11% increase in Software & Services. Operating margin improved, and the company ended the quarter with a record $14.7 billion backlog, positioning it for continued growth in 2025.
Revenue increased 6% YoY to $3.01 billion.
Software & Services grew 11% YoY, outpacing other segments.
Record backlog of $14.7 billion, up 3% YoY.
Operating margin improved to 27.0%, driven by strong sales and cost efficiencies.
Revenue by Segment
Forward Guidance
Motorola expects continued growth in 2025, with revenue projected to increase by approximately 5.5% and non-GAAP EPS between $14.64 and $14.74. The company sees strong demand across its portfolio, particularly in software and AI-driven solutions.
Positive Outlook
- Expected revenue growth of 5.0%-5.5% in Q1 2025.
- Non-GAAP EPS guidance for Q1 2025 set at $2.98 - $3.03.
- Full-year 2025 revenue forecasted to grow ~5.5%.
- Strategic acquisitions, including Theatro, to enhance AI capabilities.
- Continued strength in backlog supports long-term growth.
Challenges Ahead
- Foreign exchange headwinds expected to impact revenue by $120 million in 2025.
- Higher tax rate projected at approximately 23% for full-year 2025.
- Ongoing litigation in the UK related to Airwave contract.
- Potential higher employee incentive costs affecting margins.
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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