MSI Q3 2023 Earnings — Motorola Solutions, Inc. Revenue & Financial Results | Market Cap Arena

MSIMotorola Solutions, Inc.

$77B

Q3 2023 Earnings

Technology Communication Equipment

Income Statement

Revenue

$2.6B+7.7% YoY

Gross Profit

$1.3B50.1% margin

Operating Income

$639M25.0% margin

Net Income

$464M18.2% margin

EPS (Diluted)

$2.70

QoQ Revenue Growth

+6.4%

Cash Flow

Operating Cash Flow

$714M

Free Cash Flow

$649M

Stock-Based Comp.

$52M

Balance Sheet

Total Assets

$12.4B

Total Liabilities

$12.1B

Stockholders' Equity

$362M

Cash & Equivalents

$910M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.6B	$2.4B	+7.7%
Gross Profit	$1.3B	$1.0B	+24.2%
Operating Income	$639M	$373M	+71.3%
Net Income	$464M	$279M	+66.3%

Revenue Segments

Product

$1.5B58%

Service

$1.1B42%

Geographic Segments

North America

$1.8B70%

International

$773M30%