MSI Q2 2023 Earnings — Motorola Solutions, Inc. Revenue & Financial Results | Market Cap Arena

MSIMotorola Solutions, Inc.

$77B

Q2 2023 Earnings

Technology Communication Equipment

Income Statement

Revenue

$2.4B+12.3% YoY

Gross Profit

$1.2B49.5% margin

Operating Income

$518M21.6% margin

Net Income

$371M15.4% margin

EPS (Diluted)

$2.15

QoQ Revenue Growth

+10.7%

Cash Flow

Operating Cash Flow

$93M

Free Cash Flow

$40M

Stock-Based Comp.

$53M

Balance Sheet

Total Assets

$12.3B

Total Liabilities

$11.9B

Stockholders' Equity

$337M

Cash & Equivalents

$710M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.4B	$2.1B	+12.3%
Gross Profit	$1.2B	$990M	+20.1%
Operating Income	$518M	$358M	+44.7%
Net Income	$371M	$228M	+62.7%

Revenue Segments

Product

$1.3B56%

Service

$1.1B44%

Geographic Segments

North America

$1.6B68%

International

$762M32%