Motorola Solutions Has Lifted Annual Guidance on Resilient Public Safety Demand

In an attempt to capitalize on the robust demand for public safety communications equipment and software, Motorola Solutions (MSI.N) opened a new tab and lifted its full-year revenue outlook above Wall Street estimates.

With the D-Fend acquisition expanding its capabilities into counter-drone technology, the company, which manufactures radio communication equipment, 911 emergency call handling software, and body cameras widely used by law enforcement agencies, has benefited from strong demand from U.S. public safety agencies.

In contrast to its previous prediction of $12.8 billion, Motorola predicted yearly revenue of roughly $12.98 billion. Based on LSEG statistics, analysts project revenue of $12.8 billion.

In contrast to analysts’ forecast of $4.41, it anticipates third-quarter revenue growth of roughly 8% with adjusted earnings per share of $4.39 to $4.44.

At $3.13 billion, revenue for the second quarter ended July 4 above market forecasts of $3 billion.

Tariff refunds totaling $60 million, or $0.25 per share, helped the quarter.

The corporation had a record backlog of $15.6 billion at the conclusion of the second quarter.

Additionally, company revised its annual adjusted earnings expectations from $16.87 to $16.99 per share to $17.62 to $17.72 per share, exceeding the average estimate of $16.98 per share by analysts.