Motorola Solutions $MSI (+0,31%) generated sales of around USD 10.8 billion in 2024
64% of which came from the communication devices segment (LMR, video)
36 % from Software & Services (e.g. Command Center, video analytics).
Revenue growth of around 5.5% is expected for 2025, with forecast non-GAAP earnings per share of USD 14.64-14.74. Around 72% of revenue will be generated in North America.
Market capitalization at the end of June 2025 was around USD 69.9 billion.
The latest innovations include the AI-supported multifunctional device SVX and the Assist platform for automating data queries in the field.
Global production (including the USA, Mexico and Malaysia) has also been strengthened in order to counteract customs duties and geopolitical risks.
Motorola Solutions has made three acquisitions in recent months to further expand its software business:
- RapidDeploy (Feb 2025): Provider of cloud-based emergency call systems (NG911),
- Theatro Labs (closing March 2025): Developer of voice-controlled AI workflows for mobile teams,
- InVisit (March 2025): Platform for digital visitor management, integrated into Avigilon Alta.
In previous years, it had already acquired a number of companies with a strong focus on government and military applications. The majority of its business (around 2/3rds) comes from government and military.
The company remains strongly focused on security, government communications and AI-powered video and operational technologies.
I also find it exciting that it is partly in the area of $AXON (+0,12%) with the AI bodycams. But Axon is still too specific for me
I had Motorola on my shopping list for some time and today the purchase was executed. Yes, it's a high valuation, but I'm afraid it will remain high for the next few years. So I'll have to wait until the share price is considered "cheap".
