MSI Q1 2024 Earnings — Motorola Solutions, Inc. Revenue & Financial Results | Market Cap Arena

MSIMotorola Solutions, Inc.

$77B

Q1 2024 Earnings

Technology Communication Equipment

Income Statement

Revenue

$2.4B+10.0% YoY

Gross Profit

$1.2B49.9% margin

Operating Income

$519M21.7% margin

Net Income

-$39M-1.6% margin

EPS (Diluted)

$-0.23

QoQ Revenue Growth

-16.1%

Cash Flow

Operating Cash Flow

$382M

Free Cash Flow

$336M

Stock-Based Comp.

$56M

Balance Sheet

Total Assets

$13.3B

Total Liabilities

$12.8B

Stockholders' Equity

$521M

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.4B	$2.2B	+10.0%
Gross Profit	$1.2B	$1.0B	+14.0%
Operating Income	$519M	$399M	+30.1%
Net Income	-$39M	$278M	-114.0%

Revenue Segments

Product

$1.4B59%

Service

$984M41%

Geographic Segments

North America

$1.7B71%

International

$696M29%