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Motorola Solutions, Inc.
8/7/2025
Good afternoon and thank you for holding. Welcome to the Motorola Solutions Second Quarter 2025 earnings conference call. Today's call is being recorded. If you have any objections, please disconnect at this time. The presentation material and additional financial tables are posted on the Motorola Solutions investor relations website. In addition, a webcast replay of this call will be available on our website within three hours after the conclusion of this call. The website address is .motorolasolutions.com forward slash investor. All participants have been placed in a listen only mode. You will have an opportunity to ask questions after today's presentation. If you would like to ask a question, please press star five on your telephone keypad to be placed in the queue. You may also press star five again to remove yourself from the queue. I would now like to introduce Mr. Tim Yocham, Vice President of Investor Relations. Mr. Yocham, you may begin your conference.
Good afternoon. Welcome to our 2025 Second Quarter earnings call. With me today are Greg Brown, Chairman and CEO, Jason Winkler, Executive Vice President and CFO, Jack Malloy, Executive Vice President and COO, and Mahesh Saptarishi, Executive Vice President and CTO. Greg and Jason will review our results along with commentary and Jack and Mahesh will join for Q&A. We've posted an earnings presentation and news release at motorolasolutions.com slash investor. These materials include gap to non-gap reconciliations for your reference. During the call, we referenced non-gap financial results, including those in our outlook unless otherwise noted. A number of forward looking statements will be made during this presentation and during the Q&A portion of the call. These statements are based on current expectations and assumptions that are subject to a variety of risks and uncertainties. Actual results could differ materially from these forward looking statements. Information about factors that could cause such differences can be found in today's earnings news release, in the comments made during this conference call, in the risk factor section of our 2024 annual report on form 10K or any quarterly report on form 10Q, and in our other reports and filings with the SEC. We do not undertake any duty to update any forward looking statements. And with that, I will turn it over to Greg.
Thanks Tim and good afternoon and thanks for joining us today. I'll begin with a few thoughts of the business before turning it over to Jason. First, Q2 was another outstanding quarter with record Q2 revenue and earnings per share that exceeded our guidance as we continue to see strong customer demand across all areas of the business. Revenue was up 5% in the quarter, highlighted by 15% growth in software and services. We also expanded operating margins by 80 basis points, which led to record Q2 operating earnings and strong operating cashflow growth, which was a record for the first half of this year. Second, investments in public safety and security continue to be a priority for our customers, highlighted by our record Q2 orders, up 27% versus last year, inclusive of 10% growth in products. We also ended the quarter with over 14.1 billion of backlog, including 10.7 billion of software and services backlog, which is our highest S&S backlog ever and up 1 billion versus last year. And finally, based on our strong Q2 results and our increased expectation for the remainder of the year, we're raising our full year guidance for sales, earnings per share and operating cashflow. Now I'll turn the call over to Jason, who will take us through results and outlook before I return for
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