Motorola Solutions, Inc. (MSI) · Nov 4, 2026 · Earnings

Motorola Solutions earnings beat as 2026 guidance rises again

Beat — Non-GAAP EPS $4.69 vs ~$4.42 consensus; FY EPS guide raised to $17.94-$17.99

Motorola Solutions earnings beat consensus, backlog hit a record, and the company raised full-year 2026 revenue and EPS guidance again.

Motorola Solutions is in the middle of expanding its safety-and-security platform across mission-critical communications, software, video, command centers and counter-drone technology; the prior quarter already showed record demand, a record backlog and a planned D-Fend acquisition. The quarter clearly cleared the market’s bar. Published expectations were roughly $3.25 billion of revenue and $4.42 of adjusted EPS; Motorola delivered $3.376 billion and $4.69, while revenue rose 12% year over year across both segments.

Figure	Q3 2026	Q3 2025	Consensus / prior guide
Sales (Key Financial Results)	$3,376 (+12%)	$3,009	~$3,250
Non-GAAP EPS (Key Financial Results)	$4.69 (+16%)	$4.06	~$4.42
GAAP EPS (Income Statement)	$3.06 (-8%)	$3.33
Non-GAAP operating margin (Key Financial Results)	32.5% (+200 bps)	30.5%
Free cash flow (Cash Flow Highlights)	$589	$733
FY26 revenue guide (Business Outlook)	$13.050B		$12.975B prior
FY26 non-GAAP EPS guide (Business Outlook)	$17.94-$17.99		$17.62-$17.72 prior

Underlying operating performance improved more than GAAP earnings suggest. Non-GAAP operating earnings rose 19% and margin expanded two percentage points, with both Products and Systems Integration and Software and Services contributing double-digit sales growth. The GAAP decline is largely an accounting distortion from an $87 million increase in the contingent Silvus earnout, not a collapse in core profitability. 〔0〕

The raised outlook confirms that demand is extending beyond one strong quarter. Full-year revenue guidance increased by $75 million and the EPS range moved up by roughly $0.27 to $0.32 per share from the prior outlook. Record backlog reached $16.6 billion, up 14%, which gives the business unusually strong forward visibility.

The main offsets are cash conversion and balance-sheet pressure. Free cash flow fell to $589 million from $733 million as higher taxes, interest and working capital—including elevated inventory—absorbed more of the earnings. The D-Fend closing was strategically consistent with the counter-drone expansion, but it cost $1.3 billion net of cash acquired and was primarily debt-funded, adding to long-term debt while memory costs and supply-chain volatility remain issues.

Bottom line: This was more than routine execution: Motorola Solutions beat a high expectation, expanded margins and raised the full-year outlook again. Cash flow and leverage are real offsets, but they do not outweigh the stronger demand and backlog signal in this filing.

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Q4 results and 2027 outlook

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

58% bullish

Bull 58%Neu 27%Bear 15%

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Motorola Solutions earnings beat as 2026 guidance rises again

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