Motorola Solutions' Q3 2026 Earnings: What to Expect

Chicago, Illinois-based Motorola Solutions, Inc. (MSI) provides public safety and enterprise security solutions. Valued at $74.3 billion by market cap, the company develops data capture, wireless, infrastructure, bar code scanning, two-way radios, and wireless LAN securities. It also produces voice and data communications products and systems. The leading provider of communications and analytics is expected to announce its fiscal third-quarter earnings for 2026 in the near future. 

Ahead of the event, analysts expect Motorola Solutions to report a profit of $3.99 per share on a diluted basis, up 8.1% from $3.69 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.

For the full year, analysts expect Motorola Solutions to report EPS of $15.87, up 16.3% from $13.65 in fiscal 2025. Its EPS is expected to rise 7.4% year over year to $17.05 in fiscal 2027. 

MSI stock has underperformed the S&P 500 Index’s ($SPX) 17.3% gains over the past 52 weeks, with shares down 1.6% during this period. Similarly, it underperformed the State Street Technology Select Sector SPDR ETF’s (XLK) 37.7% returns over the same time frame.

MSI faced pressure over the past year due to operational cost headwinds, margin compression, and sector-wide capital shifts. Performance was dragged down by rising supply chain expenses, elevated material costs, and GAAP operating margin pressure from acquisition-related amortization and earnout costs. Furthermore, broader macro headwinds including hawkish interest rate sentiment that pressured growth stocks, along with tech sector capital rotations out of low-growth hardware names weighed on share price performance despite strong order backlogs.   

On Aug. 5, MSI reported its Q2 results, and its shares jumped over 8% in the following trading session. Its adjusted EPS of $4.41 topped Wall Street expectations of $3.86. The company’s revenue was $3.1 billion, topping Wall Street forecasts of $3 billion. The company expects full-year adjusted EPS in the range of $17.62 to $17.72, and revenue is expected to be $13 billion.

Analysts’ consensus opinion on MSI stock is bullish, with a “Strong Buy” rating overall. Out of 14 analysts covering the stock, 10 advise a “Strong Buy” rating, two suggest a “Moderate Buy,” and two give a “Hold.” MSI’s average analyst price target is $527.67, indicating a potential upside of 17.5% from the current levels. 

On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.