Motorola Solutions Beats Q1 Estimates, Driven by Security Demand
Chicago, Illinois - Motorola Solutions, a provider of advanced safety and enterprise security services, has projected first-quarter adjusted earnings exceeding Wall Street forecasts. The strong performance is attributed to growing demand for its safety and security solutions.
"Our high-demand safety and security offerings, coupled with record backlog, position us for continued growth in the years ahead," stated CEO Greg Brown.
Analysts at J.P. Morgan anticipate factors such as heightened crime prevention efforts and enhanced border security to drive demand within the public safety market. This increased investment by key customers, like police and border patrol agencies, is expected to boost Motorola's services.
The company's backlog remains robust, supported by a solid land mobile radio upgrade cycle and escalating demand for video analytics solutions across industries. Motorola's shares experienced a 2% rise in extended trading.
Motorola's core offerings encompass communications equipment such as walkie-talkies and video surveillance cameras, along with software solutions. These technologies empower the communities it serves to respond effectively during critical situations.
In January, Motorola announced its acquisition of Theatro Labs, a provider of AI-powered communication and workflow software for frontline workers.
Motorola's adjusted earnings per share for Q1 are anticipated within the range of $2.98 to $3.03, surpassing analysts' consensus estimate of $2.93. Revenue growth is projected between 5% and 5.5%.
Moreover, for fiscal 2025, Motorola forecasts adjusted earnings between $14.64 and $14.74 per share, with the midpoint exceeding estimates. The company anticipates an annual revenue growth of approximately 5.5%.
Motorola's revenue for the fourth quarter ending December 31 amounted to $3.01 billion, marginally surpassing estimates of $2.99 billion.