Motorola Solutions, Inc. stock research
FY2023 Q4
Motorola Solutions (MSI) Gross Margin — Quarter Ended Dec 31, 2023
In the current quarter, revenue increased compared to both the prior quarter and the same quarter last year, and gross profit increased more than cost of revenue, leading to an improved gross margin.
Gross margin takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
In the current quarter, revenue increased compared to both the prior quarter and the same quarter last year, and gross profit increased more than cost of revenue, leading to an improved gross margin.
- The expansion of gross margin was driven by gross profit growing faster than cost of revenue on a sequential and year-over-year basis.
- Gross margin improved relative to the immediately preceding quarter and also improved compared to the same quarter one year earlier.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
51.1%
Gross profit
$1.5B
Revenue
$2.8B
Cost of revenue
$1.4B
Quarter-over-quarter change
+1.0 pts
Year-over-year change
+1.2 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Apr 1, 2023 | $2.2B | $1.0B | $1.1B | 48.2% |
| Jul 1, 2023 | $2.4B | $1.2B | $1.2B | 49.5% |
| Sep 30, 2023 | $2.6B | $1.3B | $1.3B | 50.1% |
| Dec 31, 2023 | $2.8B | $1.5B | $1.4B | 51.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2023
+1.0 pts
Year-over-year change
Dec 31, 2022
+1.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The expansion of gross margin was driven by gross profit growing faster than cost of revenue on a sequential and year-over-year basis.
Gross margin improved relative to the immediately preceding quarter and also improved compared to the same quarter one year earlier.
Monitor the trend of cost of revenue relative to revenue growth.