Motorola Solutions (MSI) Revenue — Quarter Ended Apr 1, 2023
Revenue in the current quarter increased compared to the same quarter a year ago, but decreased from the immediately preceding quarter. The year-over-year growth continued, though the sequential decline marks a notable shift.
Key takeaway
Quarter ended Apr 1, 2023 · FY2023 Q1
Revenue in the current quarter increased compared to the same quarter a year ago, but decreased from the immediately preceding quarter. The year-over-year growth continued, though the sequential decline marks a notable shift.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
-19.8%
Change from the immediately preceding quarter.
Year-over-year
+14.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 2, 2022 | $2.1B | +8.6% |
| Oct 1, 2022 | $2.4B | +12.6% |
| Dec 31, 2022 | $2.7B | +16.7% |
| Apr 1, 2023 | $2.2B | +14.7% |
Revenue performance
The reported revenue direction shows a year-over-year increase, reflecting sustained demand. However, on a sequential basis, revenue declined from the prior quarter.
Quarterly comparison
Compared to the same period one year earlier, revenue was higher, supported by gains in both product and service sales. In contrast, revenue fell from the preceding quarter, breaking the sequential upward trend.
What to watch
The current quarter's sequential decline follows a period of sequential growth in previous quarters.