MSI Q1 2023 Earnings — Motorola Solutions, Inc. Revenue & Financial Results | Market Cap Arena

MSIMotorola Solutions, Inc.

$77B

Q1 2023 Earnings

Technology Communication Equipment

Income Statement

Revenue

$2.2B+14.7% YoY

Gross Profit

$1.0B48.2% margin

Operating Income

$399M18.4% margin

Net Income

$278M12.8% margin

EPS (Diluted)

$1.61

QoQ Revenue Growth

-19.8%

Cash Flow

Operating Cash Flow

-$8M

Free Cash Flow

-$62M

Stock-Based Comp.

$55M

Balance Sheet

Total Assets

$12.4B

Total Liabilities

$12.1B

Stockholders' Equity

$234M

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.2B	$1.9B	+14.7%
Gross Profit	$1.0B	$857M	+22.1%
Operating Income	$399M	$239M	+66.9%
Net Income	$278M	$267M	+4.1%

Revenue Segments

Product

$1.2B56%

Service

$947M44%

Geographic Segments

North America

$1.5B69%

International

$679M31%