Motorola Solutions, Inc. MSI

Revenue Intelligence Report • 64 quarters of SEC filing data • Updated 2026-10-14 • Data through 2026-07-04

Motorola Solutions, Inc.'s latest quarterly revenue is $3.1B for the period ending 2026-07-04. The model projects $12.4B across the next four quarters (+1.4% versus the preceding four quarters). The forecast uses SG&A data; model selection and estimation exclude the latest quarter, whose retrospective holdout error is 8.4%. These are statistical associations, not estimates of the causal effect of spending.

Investment Thesis

The ARDL forecast is based on reported revenue and SG&A data through 2026-07-04. Training MAPE measures fit to historical data; the separately reported holdout error measures a withheld quarter. Spending coefficients describe associations and do not establish causation.

Next 4 Quarters
$12.4B
+1.4% YoY
R&D Elasticity
2.22x
SG&A Elasticity
1.29x
Training Fit
3.3% MAPE
Retrospective holdout (Q2 FY2026): The model predicted $2.87B vs the actual $3.13B — an error of 8.4%.
Retrospective one-quarter holdout: model fitting and selection exclude this quarter. Historical inputs use the latest available restatements, so this is not a preserved real-time forecast.

Revenue Forecast

MSI Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q2 FY2026
Period end 2026-07-04
$2.87B $3.13B $2.61B–$3.16B +3.8% ✓ In range
Q3 FY2026
Period end 2026-10-04
$3.05B $2.67B–$3.49B +1.4%
Q4 FY2026
Period end 2027-01-04
$3.46B $2.94B–$4.08B +2.4%
Q1 FY2027
Period end 2027-04-04
$2.88B $2.39B–$3.48B +6.2%
Q2 FY2027
Period end 2027-07-04
$3.02B $2.44B–$3.73B -3.8%

Seasonal Factors

Multiplicative seasonal adjustment: These factors capture Motorola Solutions, Inc.'s systematic quarterly revenue patterns relative to the trend model. A factor of 1.05 means that quarter typically runs 5% above the underlying trend; 0.95 means 5% below. Factors are computed as the median of (actual / fitted) across all available quarters.
Fiscal QuarterSeasonal Factorvs TrendInterpretationObs.
FQ1 (Jan–Mar) 0.9913 -0.9% In line with trend 15
FQ2 (Apr–Jun) 1.0022 +0.2% In line with trend 14
FQ3 (Jul–Sep) 0.9989 -0.1% In line with trend 15
FQ4 (Oct–Dec) 0.9995 -0.0% In line with trend 15

Spending and Revenue

MSI Spending Timing
Reading this chart: Each line shows the cumulative revenue association with a 1% change in spending over subsequent quarters. These estimates describe historical associations and do not establish causation.

Time-Varying Spending Associations

Time-varying analysis: A penalized spline model (GAM) tracks the association between log spending and log revenue over 64 quarters. Its coefficients describe conditional historical associations, not causal returns on spending.
Current SG&A elasticity: 1.0055x • R&D elasticity: 0.8273x
The model-term chart shows relative absolute term magnitudes. Its percentages are not shares of revenue or causal contributions to growth.

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