MOTOROLA SOLUTIONS Reports Q2 FY2023 Earnings Results as of June 30 2023
August 11, 2023
☀️Earnings Overview
MOTOROLA SOLUTIONS ($NYSE:MSI) reported total revenue of USD 2403.0 million, along with a net income of USD 371.0 million, for the second quarter of FY2023 (data as of June 30 2023). Compared to the same period of the previous year, total revenue saw a 12.3% increase and net income experienced a 62.7% rise.
Share Price
On Thursday, June 30th 2023, MOTOROLA SOLUTIONS reported their earnings results for the second quarter of FY2023. In conclusion, although MOTOROLA SOLUTIONS reported a slight dip in profits compared to the same period last year, their overall financial performance was strong and showed that the company remains a leader in the telecommunications sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Motorola Solutions. More…
| Total Revenues | Net Income | Net Margin |
| 9.65k | 1.52k | 16.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Motorola Solutions. More…
| Operations | Investing | Financing |
| 1.75k | -825 | -971 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Motorola Solutions. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.25k | 11.9k | 2.02 |
Key Ratios Snapshot
Some of the financial key ratios for Motorola Solutions are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.1% | 10.3% | 21.6% |
| FCF Margin | ROE | ROA |
| 15.5% | 457.5% | 10.7% |
Analysis
GoodWhale recently conducted an analysis of MOTOROLA SOLUTIONS‘s wellbeing. According to our Risk Rating, MOTOROLA SOLUTIONS is a high risk investment in terms of both financial and business aspects. Our analysis uncovered two risk warnings in the balance sheet, which were identified as non-financial. If you are considering investing in MOTOROLA SOLUTIONS, we highly recommend that you go to GoodWhale.com to further explore our findings and decide whether to take the risk or not. On our website, we provide detailed insights into the financial and business aspects of MOTOROLA SOLUTIONS to help you make an informed decision. More…
Peers
The company’s products and solutions include two-way radios, push-to-talk phones, public safety radios, network infrastructure, and software and services. Motorola Solutions also offers a wide range of professional services, including consulting, systems integration, project management, and managed services. The company’s primary competitors are Aviat Networks Inc, Ondas Holdings Inc, Telefonaktiebolaget L M Ericsson.
– Aviat Networks Inc ($NASDAQ:AVNW)
Aviat Networks, Inc. provides wireless backhaul solutions that enable the transport of data, voice, and video traffic over a wireless network. The company’s solutions include microwave radio systems, routers, switches, and software products that are designed to work together to support end-to-end wireless broadband applications. It serves carriers, service providers, government, and enterprise customers in more than 150 countries. The company was founded in 2006 and is headquartered in Santa Clara, California.
Aviat Networks has a market capitalization of $336.77 million as of 2022 and a return on equity of 8.53%. The company provides wireless backhaul solutions that enable the transport of data, voice, and video traffic over a wireless network. Its solutions include microwave radio systems, routers, switches, and software products that are designed to work together to support end-to-end wireless broadband applications. It serves carriers, service providers, government, and enterprise customers in more than 150 countries.
– Ondas Holdings Inc ($NASDAQ:ONDS)
Ondas Holdings Inc is a publicly traded holding company with a focus on technology investments. The company’s shares are traded on the Nasdaq Stock Market under the ticker symbol “ONDS”. As of 2022, the company had a market capitalization of $224.48 million and a return on equity of -19.92%. The company’s primary businesses include investments in software and technology companies, as well as real estate holdings.
– Telefonaktiebolaget L M Ericsson ($BER:ERCG)
Telefonaktiebolaget L M Ericsson is a Swedish multinational networking and telecommunications company headquartered in Stockholm. The company offers products and services in over 180 countries. The company’s main customers are mobile network operators, followed by cable TV operators, fixed-line operators, and other telecom service providers. The company’s product portfolio includes networks, digital services, cloud, and IoT.
Summary
MOTOROLA SOLUTIONS reported impressive results for the second quarter of FY2023. Total revenue increased by 12.3% year-over-year to USD 2403.0 million, while net income surged 62.7% to USD 371.0 million. This is a great sign for potential investors, suggesting that the company has strong fundamentals and is in a good financial position. The growth in total revenue and net income are also indicative of increasing demand and improved efficiency in operations, both of which could yield even more positive results in the future.
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