Motorola Solutions, Inc. — Call Transcript 2026

Good afternoon and thank you for holding. Welcome to the Motorola Solutions First Quarter 2026 Earnings Conference Call. Today's call is being recorded. If you have any objections, please disconnect at this time. The presentation material and the 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 www.motorolasolutions.com/investors. 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 in your telephone keypad to be placed into the queue. You may also press star five again to remove yourself from the queue. I would now like to introduce Mr. Brian Piotrowski, Vice President of Investor Relations. Mr. Piotrowski, you may begin your conference. Good afternoon. Welcome to our 2026 first quarter earnings call. With me today are Greg Brown, Chairman and CEO, Jason Winkler, Executive Vice President and CFO, Jack Molloy, Executive Vice President and COO, and Mahesh Saptharishi, 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 have posted an earnings presentation and news release at motorolasolutions.com/investors. These materials include GAAP to non-GAAP reconciliations for your reference. During the call, we reference non-GAAP 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 Factors section of our 2025 Annual Report on Form 10-K, or any quarterly report on Form 10-Q, and in our other reports and filings with the SEC. We do not undertake any duty to update any forward-looking statements. I'll now turn the call over to Greg. Thanks, Brian. Good afternoon, and thanks for joining us today. First, Q1 was an outstanding start to the year, with earnings per share that exceeded our guidance as well as record revenue. Revenue was up 7% in the quarter, highlighted by 18% growth in Software and Services. Additionally, we saw growth across all three technologies, with particularly strong starts to the year in Command Center and Video, where we continue to see customers adopt our cloud and hybrid solutions to future-proof their operations and leverage our latest purpose-built AI workflows. In terms of Silvus continues to exceed expectations, and I'm very pleased with our continued execution on that front. At a company level, we also expanded year-over-year operating margins for the fifth consecutive quarter. Second, demand for Safety and Security solutions remains robust. Our record Q1 orders grew 38%, contributing to a record Q1 ending backlog position of $15.7 billion, up 11% versus a year ago. This is a testament to the continued prioritization of Safety and Security by our customers globally and the investments we're making across our ecosystem. During the quarter, we acquired Exacom and Hyper. Exacom integrates critical radio and 911 audio into our digital evidence management, while Hyper injects agentic AI into our 911 call handling. These capabilities convert voice, video, and data into actionable intelligence, helping our customers to act with greater speed and certainty. Additionally, we announced our intent to acquire Bell Canada's LMR Network Services business, which we expect to close sometime in Q4. This acquisition expands our mission-critical managed services footprint into the Canadian public safety customer base. Finally, based on our Q1 results and continued momentum in the business, we're raising our full year guidance for both sales and EPS. With that, I'll now turn the call over to Jason. Thank you, Greg. Revenue for the quarter grew 7% and was above our guidance with growth in both segments and in all three technologies. This included $60 million of FX tailwinds and $219 million from acquisitions, which was consistent with our Q1 expectations. GAAP operating earnings were $525 million, or 19.3% of sales, down from 23% in the year ago quarter, driven by a $75 million non-cash charge for the increase in the Silvus earn-out, which is aligned to stronger performance of the business and increased intangible amortization in the current quarter. Non-GAAP operating earnings were $781 million, up 9% from the year ago quarter, and non-GAAP operating margin was 28.8%, up 50 basis points, driven by higher sales and improved operating leverage, partially offset by higher supply chain costs. GAAP earnings per share was $2.18, down from $2.53 in the year-ago quarter, primarily due to the $0.45 non-cash charge for the Silvus earn-out that I mentioned earlier. Non-GAAP EPS was $3.37, up 6% from $3.18 last year. Our growth in EPS was driven by higher operating margins, partially offset by higher interest expense. OpEx in Q1 was $607 million, up $4 million versus last year due to acquisitions. Turning to cash flow, Q1 operating cash flow was $451 million, down $59 million versus last year, and free cash flow was $389 million, down $84 million. The decrease in year-over-year cash flows was primarily driven by increased investments in inventory and higher interest, partially offset by higher earnings. Capital allocation during Q1 included $201 million in cash dividends, $118 million in share repurchases, and $62 million of CapEx. We closed two acquisitions during the quarter, Exacom and Hyper, for a total of $90 million net of cash acquired. We also entered into a definitive agreement to acquire the LMR Network Services business from Bell Canada, which is expected to close in the fourth quarter of 2026. Additionally, the company repaid $200 million of the $1.5 billion dollar term loans issued to fund the Silvus acquisition, leaving a balance of $1.3 billion outstanding. Moving next to our segment results. In Products and SI, sales were up 1% versus last year, driven by growth in Video. Revenue from acquisitions was $181 million, and foreign currency tailwinds were $30 million in the quarter. Operating earnings were $386 million or 24.8% of sales, down from 28.1% in the year prior, primarily driven by unfavorable mix and higher supply chain costs, partially offset by improved operating leverage. Some notable Q1 wins and achievements in the Products and SI segment include $148 million P25 device and SVX body-worn assistant orders for the U.S. federal government, a $16 million P25 device order for a U.S. state and local customer, a $14 million fixed video order for a large U.S. fitness company, and a $10 million fixed video order for Duke Energy. During the quarter, the company also secured $78 million of Silvus orders from an unmanned systems provider in Germany with an expected delivery schedule over the next few quarters. In Software and Services, revenue was up 18% compared to last year, driven by strong growth across all three technologies. Revenue from acquisitions was $38 million, and currency tailwinds were $30 million in the quarter. Operating earnings in the segment were $395 million or 34.2% of sales, up from 28.7% last year, driven by higher sales, inclusive of favorable mix and improved operating leverage. Some notable Q1 highlights in this segment include a $41 million five-year P25 services renewal for the Minnesota Department of Transportation, a $24 million Command Center order for Denver, Colorado, a $16 million Command Center order for Anne Arundel County in Maryland, a $10 million P25 services order for Paraíba, Brazil Department of Social Services, and a $9 million mobile video order for a U.S. state and local customer. Looking now at our regional results. North America Q1 revenue was $1.9 billion, flat compared to the prior year, with growth in Video and Command Center. International Q1 revenue was $857 million, up 27% versus last year, driven by Mission Critical Networks, Video, and Command Center. Moving to backlog. Ending backlog for Q1 was $15.7 billion, up $1.6 billion or 11% versus last year, primarily driven by record Q1 orders, which was our fourth consecutive quarter of double-digit orders growth in both segments. Sequentially, backlog declined $60 million, driven primarily by revenue recognition for the U.K. Home Office, partially offset by strong demand in Video and Command Center. In Products and SI, ending backlog increased $255 million versus last year due to strong demand in Video and Mission Critical Networks. Sequentially, ending backlog increased $45 million, driven by strong demand in Video. In Software and Services, backlog increased $1.3 billion compared to last year, driven by strong demand for multi-year contracts across all three technologies and favorable foreign currency impacts. Sequentially, the ending backlog declined $105 million, primarily driven by the revenue recognition for the U.K. Home Office, partially offset by strong demand in Command Center and Video. Turning to our outlook. We expect Q2 sales growth of approximately 8.5%, with non-GAAP earnings per share between $3.82 and $3.88 per share. This assumes a weighted average diluted share count of approximately 168 million shares and an effective tax rate of approximately 23%. For the full year, we now expect revenue of approximately $12.8 billion, up from our prior guidance of $12.7 billion, and non-GAAP earnings per share between $16.87 and $16.99 per share, up from our prior guide of between $16.70 and $16.85 per share. This full year outlook assumes a weighted average diluted share count of approximately 168 million shares, an effective tax rate of approximately 22.5%, and favorable FX of about $100 million, which is unchanged from our prior outlook. Additionally, we continue to expect another strong year of cash flow generation with approximately $3 billion of operating cash flow for the full year. Before turning the call back to Greg, I want to highlight a couple items. First, we are raising our top-line revenue expectations, $100 million, driven by strength from both Silvus, which we now expect to generate $750 million in full year revenue, up $75 million from our prior expectations, and as well our core Public Safety business increasing. With these increased top-line expectations, we now expect Products and SI to grow between 8% and 9%, up from 7% to 8%, and Mission Critical Networks, the technology to grow between 8% and 9% up from 7% to 8% previously. Second, we continue to navigate a dynamic supply chain environment that includes tariffs and rising memory costs. Regarding tariffs, the Supreme Court ruled against the IEEPA duties in February. However, these were promptly replaced by new Section 122 tariffs, which we're subject to, and a broader tariff framework of uncertainty remains on the horizon. The net impact of these changes is that we continue to project $60 million in tariff headwinds this year, primarily in the first half of the year. We continue to monitor the IEEPA refund process. Turning to memory, on our last call, we dimensionalized our direct memory spend at approximately $50 million last year. We now expect this to a little more than double in 2026, and we are actively pursuing mitigation strategies, including accelerating inventory, deeper strategic partnerships, and surgical price adjustments to offset these memory cost increases. As a result, we still expect to expand our operating margins by 100 basis points for the full year, with operating margin expansion in both segments. With that, I'd like to turn the call back to Greg. Thanks, Jason, and I'll end with a few thoughts. First, I'm very pleased with our Q1 results, and demand continues to be quite strong across the portfolio. Revenue was up 7%, highlighted by 18% growth in our Software and Services segment. Additionally, we achieved a record Q1 ending backlog, which was up 11% versus last year, providing us with an excellent foundation for the rest of 2026. Second, I couldn't be more pleased with the energy enthusiasm coming out of our annual Public Safety User Summit, which was held in Orlando last month. Innovation has always been at our core, and after spending time with the record 1,600+ customers in attendance, it's more clear than ever that they're looking to our solutions to help simplify an increasingly complex public safety workflow. To that end, I'm excited about the recent launches within our Command Center that leverage our latest AI Assist capabilities, missions, and record management. With missions, we're redefining crime center operations by centering workflows around measurable outcomes. With records management, we're unifying an agency's records and case management into a single cloud-native solution that can significantly accelerate agency reporting and case closure. These solutions build on our comprehensive approach to AI with Assist, focused on injecting intelligence directly into every workflow across the portfolio, serving the call taker, dispatcher, responder, RTCC operator, and investigator with a compelling value proposition for our customers. In Mission Critical Networks, we continue to redefine what resilient communications means. Our new APX NEXT integration with T-Mobile and Starlink seamlessly enables direct-to-device satellite connectivity, adding yet another mode of network resiliency to LMR, where we now incorporate LTE, 5G, Wi-Fi, and satellite to help ensure that a first responder is never out of reach. In Video Security, we also continue to expand the breadth of our portfolio across key verticals, including healthcare, retail, and critical infrastructure. Finally, the opportunities in front of our Silvus business continue to grow in today's geopolitical environment, where unmanned systems, particularly drones, are transforming security and defense operations around the world. The resilient, highly scalable, secure broadband connectivity that Silvus provides puts us at the very center of new defense and electronic warfare communications, and we continue to see strong demand from U.S. and allied defense agencies worldwide, which is in part driving our increased guidance for this year. As I look forward to the rest of the year, I'm absolutely encouraged by our momentum. We're seeing sustained global prioritization of public safety, enterprise security, and defense spending, and are very well positioned for the remainder of the year. Our strong balance sheet and excellent cash flow provide us with the flexibility to remain opportunistic in capital allocation, both organically and inorganically. With that, I'll turn the call back over to Brian, and we'll open it up for your questions. Thank you, Greg. Before we begin taking questions, I would like to remind callers to limit themselves to one question and one follow-up to accommodate as many participants as possible. Operator, would you please remind our callers on the line how to ask a question? Thank you. The floor is now open for questions. If you have a question or comment, please press star five on your telephone keypad. If for any reason you would like to remove yourself from the queue, please press star five once again. We do ask that while you pose your question, please pick up your handset to provide optimal sound quality. Thank you. Our first question comes from Tim Long with Barclays. Thank you. Yeah, I was hoping I could start with, you know, the strong performance in Video and Command Center. Both those product lines seem to be above growth rate. Could you talk a little bit about kind of what drove that? Was there one-timers in there, particularly in Video with the big order that was discussed? You know, any updates on outlooks there? Then I had a follow-up on Mission Critical Networks after that. Thank you. Thanks, Tim. Yes, it was a strong start to the year for Video. As you mentioned, 16% growth. Growth drivers in there include body-worn cameras, ALPR, our Unity platform, and of course Alta, which is our cloud-based platform continuing to lead the way with growth. Much of that's aligned to the continued investments that Jack's made in the team. I wouldn't point to any one particular deal, but a couple of the deals we talked about that are new wins for us, including Duke and the large one that we mentioned for fitness. Jack, you and your team did a tremendous job on those, it's pretty broad-based, Tim. Tim, the only thing I'd add, I think Jason hit it. The only thing is Alta has been a game changer in terms of vertical market served. You know, we weren't really in retail before, and as we alluded to with the big national fitness chain, that's an example, I think of what you'll come to expect from us moving forward. We've been very intensive on education, public safety, critical infrastructure, but I think there's a broader market that we can serve with Alta and with the investments we've made and go to market. The second half of your question, Tim. Okay, thanks— Also, also a strong start to— Go ahead. —our Command Center technology with 27% growth. That was driven in part by some Tier 1 cities coming online for our next-generation 911, which Mahesh and team have delivered. Those customers have made some pretty significant commitments to us given the roadmap that Mahesh has. I think on top of that, I'd say that we also moved to a hybrid subscription model for our CAD solutions and our record solutions last year. Those customers went live, and we're seeing the dividends of that play out as well at this point. The last thing I would say is that we introduced Assist Suites last quarter, and we're seeing excellent product market fit there. 100% of our 911 VESTA NXT call handling solutions had Assist Dispatcher Suite associated with it. That was a great win for us as well. Okay. I just wanted to follow up on the Mission Critical Networks. It sounds like, you know, Silvus is exceeding, and you raised numbers there as well. You know, revenues were down year-over-year in the quarter. Maybe talk about, you know, what's going on in the LMR product area to start the year. Thank you. Sure. There, Tim, it's as we expected, where Q1 in particular has a series of comps behind it. Our Q1's pretty strong in the LMR business. We were expecting that, prepared for that. Silvus is continuing to exceed our expectations. I would also point you to demand, which is a function of orders. Our double-digit product orders growth, inclusive of LMR, is our fourth quarter in a row of capturing that level of demand and is anchored around our expectations for growth in the second half within MCN and LMR inclusive growth to accelerate, which is much like last year. Tim, I would just add and further unpack that. You know, when you decompose Products and specifically LMR, remember, we're also going against a couple of years prior comps that are double-digit, which is a reflection of the normalization of semiconductor supply. That in Q1 and one more quarter, this quarter, this year, we will be through. That's another anomaly that we're playing through, but love the fact that we've had four consecutive orders of double-digit Products growth. Quite frankly, we expect full-year double-digit orders growth in Products as well. It is as expected. That's a reflection of the linearity you see. The raise that we mentioned on the call, the $100 million, while $75 million is related to Silvus, the other $25 million is from really the Public Safety business broadly. Our expectations have increased. Okay. Thank you. Thanks, Tim. The next question will come from the line of Matt Niknam with Truist Securities. Hey, guys. Thanks so much for taking the question. I guess to the point of accelerating growth, particularly in the back half of the year, I'm just curious if you can talk to visibility and confidence level you have towards achieving the guide, more in terms of supply and getting enough at hand to be able to ship. Then on a related note, just on growth margins. I know you guys reaffirmed the expectation to grow op income margins by about 100 basis points. I'm wondering if there's maybe a little bit more leverage against the OpEx or you know, how are you thinking about growth margins relative to scaling past OpEx to get there? Thanks. Sure. On the demand side, you can see it in our product backlog, which actually increased sequentially. Strong public safety orders as well as strong video orders included in that. In terms of our ability to continue to attain the supply to match those strong demand profiles, those double-digit quarters that we've talked about, we are getting the supply we need. In some cases, we're having to pay a little bit more for it, in particular memory. Our supply lines are lined up to the demand profile that we have today and what we expect to be there in the second half. Despite the higher costs, we mentioned on the call that we still expect to grow operating earnings for the company 100 basis points and to do it in both segments. Each segment will contribute to that 100 basis point expansion. Yeah. Pipeline, Jack? Pipeline, Matt, the only thing I'd tell you is, you know, given you have a full understanding of public safety being, you know, a significant part of our business, it is a long sales cycle in public safety, which is a good thing for us because it gives us visibility in terms of deals of not only deals we propose, but deals approval. They go to county board, city commission, state budget office. So, we have a high degree of confidence that'll, in our outlook for the year. Thank you. Our next question will come from the line of Joseph Cardoso with JPMorgan. Joseph, your line is open. Hey, thanks for the question. Good evening, everyone. Maybe just wanted to circle back on Silvus. You know, it's great to see the upside to the outlook here. I mean, I'm just wondering if we could take a step back and really just touch on how you guys are seeing the opportunity pipeline build for this business relative to when we last spoke. The second aspect of that question is, as we considered your ability to capture this demand, can you talk about your manufacturing footprint here and how we should think about that as a potential gating factor, if at all, to potential further upside around this business? I have a follow-up. Thank you. Yeah, I think it's, since we closed on Silvus in August of last year, as we sit here today, it's definitely exceeding our expectations. I think that what you're seeing in the print in Q1 and the overall guide to $750 million is a reflection of the increased investment that we're making in go-to-market. The sales force for Silvus is already doubled with Jack and his team making investments. We're seeing demand increase as well internationally. I think when you dimensionalize the $750 million annually, the majority of that is coming from international demand in multiple theaters. When we acquired it, we always thought it was best-in-class technology. The other thing we're doing is putting more coals on the fire on R&D for differentiation and technology refresh, so we keep that lead and further extend our differentiation. Yeah, and just to build on that, Greg, if you think about it, there's really three facets in R&D. Number one, it's a spectrum-dominant software, which is ultimately Silvus' secret sauce. It's what differentiates us to the other MANET providers in the world of electronic warfare, very critical. The second thing from an R&D standpoint is we've had a big focus on reduction of size, weight, and power. In January, we introduced the StreamCaster 5200, which has gotten rave reviews not only in the DoD but also within the NATO space, and that is now our smallest full-featured MANET radio. Then the last thing is the spectrum sensing capability. When you think about counter-UAS, this is a handheld tactical radio at the edge that can sense RF and has spectrum awareness. For the modern war fighter and what's happening in various theaters around the world, it's also being used there. We're really pleased. I think the last thing, we talked about investment, Greg nailed the go-to-market, is we have already increased our supply capacity in California. I will you know, we're gonna let you know, we've talked, we're gonna be adding a geo-redundant site that will bring on incremental capacity in 2027. The other place you'll see our expectations having increased for Silvus is in the earn-out that we structured, which is a win-win. We mentioned on the call that it's gone up to be now an expected payout of just over $100 million. That reflects the increase in what we expect the business to perform under the earn-out structure, so aligned there as well. No, that's awesome color, guys. I appreciate all of that. Then maybe, Greg, last quarter, I think you talked about your expectations to expand product backlog exiting 2026. I mean, as we sit here today, product backlog is already, you know, at a excellent point for you to execute on that. Maybe just given kind of, I mean, you've somewhat already talked about a lot of these or talked about the kind of the demand you're seeing and the momentum in the business. As you sit here today relative to 90-days ago and that expectation around kind of building backlog through the year, you know, how are you feeling, better or worse, you know, in terms of achieving that? Any sense of direction there would be great and kind of the drivers behind it. From 90-days ago, stronger. Stronger because, as you recall, Joe, I guided last call, I gave color that I actually thought product backlog would decline. It didn't decline, it increased sequentially. It increased because, yes, in part to Silvus, but also public safety LMR and a little bit of Video. That was a pleasant surprise that obviously increases the floor, gives us more confidence. In addition to that, Q1 is not only record backlog but record orders. Between those two records and product backlog coming in stronger than expected, yes, I and we feel better. I think the rhythm of the business is good across the portfolio. You saw the start to Video, 16%, Command Center, 27%. We incrementally increased as part of the $100 million, $12.7 billion to $12.8 billion, the guidance around Mission Critical Networks. When I think across all three technologies and both segments, Joe, I feel good. I feel very good about where we are, the pipeline in front of us, and the visibility we have. We have to execute. We'll stay focused on that. Yeah, it was a pleasant surprise, and I think it's a reflection of the durability and longevity of LMR, which is foundational. The ecosystem with AI being connected throughout all product emergency workflows, and we're seeing that resonate with our customers. The Summit feedback was outstanding just a few weeks ago in Orlando. Product backlog end of year, I expect it to be at comparably strong levels from where we are now. No, that's great to hear. Thanks for the questions. Thank you. Thank you. Our question now comes from the line of Keith Housum with Northcoast Research. Your line is open. Good afternoon, guys. Hey, Jason, can you remind me, your Software and Services number, how much of that is recurring rev? What's the percentage as a recurring? We view and have asserted that Software and Services is our proxy for recurring. Sorry, Keith. Really, in our view, the definition of it is, it is recurring. Okay. What we see here in this quarter is really a significant step up year-over-year, and that will be able to carry that through for the rest of the year, the growth that we're seeing, correct? Well, we've got it to S&S performance being a little less than the 18% it started off at. As we mentioned on the Command Center side, there are some activations that come with a recurring true up. We mentioned those three to four with Tier 1 cities that are large, that were in the Command Center, Keith. Those are now live, and that was in part what was in the 27% as well as in the 18%. We are very excited about the growth prospect of S&S as we look forward. Okay. Appreciate that. Do you guys still expect double-digit growth, order growth for the year? I think that was commentary you guys provided last quarter. Yep. Yep. Okay. Great. Thanks, guys. Turn it back over. Thank you, Keith. Our next question comes from Ben Bollin with Cleveland. Your line is open. Thank you. Good afternoon, everyone. I appreciate you taking the questions. Greg, I was hoping you could comment, or Jack, a little bit about what you see happening with the timing of Congress passing funding for DHS. Any influence on the backlog rev rec during the quarter or how that flows through to the model for the remainder of the year? Yeah, Ben. No, we are monitoring obviously what's happening in D.C. Our Listen, as it relates to federal, we had a great 2025. We expect growth, comparable growth in 2026. You think about it, everybody, all agencies are funded except for ICE and CBP, who basically have a pretty significant budget tailwind through the One Big Beautiful Bill Act, and I think that's important to point out. I would also remind you that we had a $148 million DHS order in Q1 that was funded through the OBBB Act, not only an APX NEXT, but also an SVX order tethered to that. As we play it forward, we think we are in a great budget situation with the federal government. We're always monitoring what happens in D.C., but we think it's immaterial, and we think this, It's all implied within our guide for 2026. A follow-up. When we think about near-term opportunity associated with World Cup, how should we think about that capture opportunity or the incrementality of that for 2Q and beyond? Sure. We've had I'd just remind everybody with the World Cup, we're working with all those cities, we've generated business in all those cities. A lot of that, more than half of that money was earmarked for counter-UAS systems that were not in place in the stadiums. With the other monies that were available, we have seen APX NEXT refreshes. We've seen a significant, this is important, a significant amount of business for us within the SmartConnect. Think about it connecting public safety to private stadium systems. We've had business there. All of that has been generally conducive, it hasn't been a big driver of the business. In fact, it's been about $40 million all in, with the World Cup city sites. Thanks, Jack. Thank you. Our next question will be from Andrew Spinola with UBS. Your line is now open. Thank you. I think you had another fairly large SVX win this quarter in the press release in your federal business. Wondering if you can just comment on the momentum in that, the SVX product line, and specifically highlight, you know, why you're so bullish on the federal business, what you're seeing there, and what that opportunity looks like? Sure. You know, we've said the market wants an alternative. We're really excited, but I think we're more excited because of the demand signals we're seeing from our customers. To your point, we secured a significant DHS order, as I just alluded to with SVX tethered with APX NEXT. To date now, we've seen 100 customers with SVX, and I think the most important metric that we're following is 30% of those customers are utilizing Video. We've completed some deployments, namely Arlington, Texas. By the way, that's a World Cup site. Buckeye, Arizona, and Marion County, Florida as well. Playing it forward, we're monitoring weekly the pipeline. We've got hundreds of quotes out to customers that want an alternative, and they're looking to continue. Our sales team continues to look to work to seed the device into the marketplace. Just the 30 customers utilizing Video are doing so with AI Assist. Oftentimes, as you know, we're doing it with one device, not two, 'cause it's converged with the body cam and the remote speaker mic. We're doing it with compelling total cost of ownership, which is much more affordable and attractive. By the way, we're doing it now and can move back-end data pretty easily in a matter of depending upon the size of the repository. We can easily switch a customer with the incumbent provider over to Motorola Solutions with SVX and Assist and migrate that back-end data and all of evidence management, since it's owned by the customer, in a matter of many times weeks and sometimes a couple of months. We are doing it now on a regular basis. Maybe related to that as well, with Narrative Assist that's attached to our Command Center records management platform today, just compared to December, we have seen an 800% increase in the number of completed reports that are generated with Assist. The adoption of these technologies has also increased quite dramatically. Interesting. Just one other question, one follow-up, separate question. Thinking through Q1 to Q2 trends in Mission Critical on the product side, you know, how should we think about Silvus in general? Obviously, it's in a pretty strong growth ramp. Is there any reason to think that there's, you know, either seasonality from quarter to quarter, or was Q1 stronger? You know, how should we think about modeling that in Q2? Well, I would first say, you know, again, demand is strong and orders are strong. We talked about the additional investments in go-to-market and R&D and the capacity expansion that Malloy's team is taking. I think when you take a look and step out and look annually, it isn't exactly a linear business. Projects are an important part of this business, which, you know, don't necessarily allow you to take a quarter and just extrapolate times four. We do feel good about the shape of the year. We continue to invest. At the end of the day, as we sit here in May, it's I consider, and we consider the guide prudent, and we'll update you again in August. Demand is really strong. Thanks. Thanks, Andrew. Great. Our next question will come from George Notter with Wolfe Research. George, your line is open. Hey, guys. Thanks very much. I was just curious about, the backlog metrics look really good. I'm wondering if there's any change in the duration of orders, you know, anything that might help kind of skew that backlog metric up. I'm just trying to understand how much I can rely on that backlog metric as a gauge for future growth. Thanks. No change to where we were positioned on the backlog, from this point last year, both in terms of when we expect it to shift, George, but also the duration on things like S&S, which you know is a multi-year. We look at backlog as a function of informing our guide, as well as looking forward to what we will earn in orders, quick turn, which is also an important part. Again, much like last year, our setup here as we sit here today is for a strong backlog position complemented by continued strong orders, is what's informing our guide and our raise. Okay. Super. That's great. One other one. I was just curious about the Bell Canada LMR acquisition. Any sense for what that would look like financially? Is it accretive? How much revenue would that drive? Anything else you can tell us there would be great. Well, it'll bring to us approximately $100 million of the recurring services, managed services, operations, which you know that we do elsewhere, across the globe. It's a number of underlying customers. There's potential to serve those customers better and deeper in other areas. The starting point is the $100 million of recurring Managed Services business, which again, we expect to close that in Q4. We'll have some more details on that as we close. Thanks. Appreciate it. Thank you. Our question now comes from Meta Marshall with Morgan Stanley. Your line is now open. Great. thanks so much. appreciate the question. Just maybe a question just in terms of kind of what was driving some of the strength that you saw in Video in the quarter, that would be helpful, and maybe as a starting point. As I mentioned earlier, Meta, we're pleased with our video performance, both in orders and sales. We had strong camera sales, which you can see in the products number. We had strong Unity sales. SVX, which we mentioned, and Jack highlighted some of those deals, is a driver as well. Overall strong performance in video to start the year. Got it. Then just, apologies if this has already been asked, just in terms of kind of thinking about LMR product for the remainder of the year, just in terms of kind of, you know, now that we're past some of the tougher comps, just how to think about that. Thanks. Yeah. We talked about some of the double-digit comps from previous Q1s of a couple of years. I think to this quarter and probably, Meta, next quarter as well, next quarter will complete what we believe is the normalization post semiconductors supply. We expect more robust growth in the back half of the year. And when you think about organic growth, primarily grounded in Mission Critical Networks and LMR, we expect it to be stronger annually for the full year 2026 over 2025, and we like the double-digit orders for product and the pipeline that Jack's team continues to provide. I feel very good about the position of Mission Critical Networks and specifically LMR underneath it. Great. Thanks so much. Thank you. Our next question comes from the line of Tomer Zilberman with Bank of America Securities. Your line is open. Hey, guys. Maybe another question on the competitive landscape. Axon announced that they're entering the 911 call center markets through two acquisitions. I think that was just about a month ago. I guess the question really is: How do you see that landscape of Command Center evolving?And is there any concerns that they're gonna be a lot more competitive given you kind of already interact with them in the mobile body-worn camera market? Well, I mean, we could tag team it, but my view is, to date, we haven't seen a material change in the competitive landscape. I'm well aware of what they announced, and, suffice to say that, you know, we had visibility and opportunities as well, but we like what we have. We like what we're building. We like the fact that we're in over 60% of the 6,000 public safety answering points today. We like the fact that we have the widest and broadest portfolio. Remember, we you wanna do prem, you can do prem. You wanna do cloud, you can do cloud. We also not just do both, we give you a hybrid solution to allow you to migrate from one to the other. That's unique in the market, and no one else provides that. When you overlay AI Assist, a lot of people talk about AI, but we've been more quiet, but pretty pervasively intentional of putting it throughout our portfolio into the role-based suites. We announced Responder. We announced Dispatcher. Just think about the way Mahesh's team is embedding AI through all of public safety emergency workflow. When you look at it from a voice standpoint and the success we've had with SVX, and Video being activated with Assist in a little over 30% of those, I very much like the position we're in. The other thing to emphasize here, Tomer, is that we're not just a over-the-top solution here. Remember, a PSAP has three significant applications. There's 911, there's CAD, and there are consoles. One of the things we're doing with Assist, which is encompassed in the Dispatcher Suite, is to address the connectivity via AI among those three. As I mentioned before, every one of our VESTA NXT sales last quarter went with the Assist Dispatcher Suite. That's a very important element of it. The other thing I'll say is that, at Summit this year, we had a record number of attendees. We had double the number of AI breakout sessions that we had previously. It was centered around really pushing the notion of the connectivity that Assist brings to bear across our applications, almost exactly like Greg explained. We also introduced Hyper at Summit. Hyper was received incredibly well, bringing non-emergency call automation into the mix. Hyper is also now tightly integrated with our 911 solutions as well. When you think about it, Assist and AI is not just an over-the-top thing for us. It is really the fabric with which our applications and our ecosystem function together. I think we're competitively set up quite well. Got it. Thanks. Thanks, Tomer. Once again if you have a question, you may press star five on your telephone keypad. Our next question will come from Ryan Abbott with Piper Sandler. Hi, guys. Thanks for taking my question. One for Jim Fish. The first question is on the SVX wins, what are customers liking? Like, what's driving those wins, and what does the pipeline look like going forward? I have a follow-up to that. Yeah, I'll start. I think, Ryan, what we've seen, customers like, first of all, I think it's a multi-source body-worn AI-driven assistant. It's not a body-worn camera. It looks at, I think as Mahesh just laid out, we look at things end to end. It extracts video from the Command Center. There's better knowledge base that's provisioned to a police officer when they get on the site. It's that, I think you can never walk away from the fact that just the audio, which blew me away, has blown the customers away when they look at it in terms of voice and just what that means to the device too. The last piece of it, that I would say is when we're talking to people making financial decisions, it's no longer, it's not you don't need two cell phone bills. I think you're getting more and more value from the hub at the edge, which is the APX NEXT radio. I think that's the economic value that it provides as well. Maybe a few things just on the technical side to add there. Quite a few of radio users use earpieces. And when you use the earpiece, the body-worn camera, if it's separate and distinct from the radio system itself, does not capture that audio. It is a significant contributor to what an officer sees and hears, which feeds into our assisted narrative and other AI functionality. The SVX actually combines all of that together. In addition, from a connectivity standpoint, we don't need a separate connectivity piece in the body-worn camera, the body-worn assistant. It is tied to our APX NEXT unit. The TCO advantage there is quite significant as well. We see this as an incredibly powerful solution. Last but not least, on the digital evidence management aside, our redaction solution assisted with AI has been powerful. Our customers love it. The speed with which you can redact is incredible. We often hear what used to take 35-hours before now takes one hour, and that's a significant advantage for our customers. The time saving is powerful. I think the user experience all in all is very compelling for SVX. Great. Thank you. On Silvus margins, are they still about in the, in the 40%-ish range? What should we see flowing through to next year? We talked about EBITDA margins of about 45% for this year. Yes, Silvus is performing at that level, actually at the moment, perhaps a little bit stronger, and that's after the investments we've made in R&D and go to market. Particularly pleased about its not only top-line growth and robust orders, but the maintenance and continuity of the profitability profile that it's supporting itself as well. Great. Thank you. Thank you, Ryan. Thank you. Our final question will come from Amit Daryanani. Your line is open with Evercore ISI. I guess, you know, you announced the Exacom and Hyper as well as the Bell Canada. I guess, how are you guys thinking about using M&A the rest of the year to address any more competitive gaps? How are you trying to balance that versus continuing organic R&D investment? Thank you. The good news is, the balance sheet position we're in is really strong. We reaffirmed obviously today our expectation to generate, approximately, $3 billion in operating cash flow. You know that, when you think about CapEx, the dividend and M&A, it's about 60%, 30%, 10%. 60% we can do share repo, 30% dividend, 10% CapEx. I think we are sitting in a position. We bought back 118 million of shares in Q1. As we sit here today, there's just under 250 million of share buyback to date. A lot of flexibility ahead, both inorganically and organically. I think the investments we're making in the product portfolio, Command Center, Video, fixed, prem, mobile, hybrid, cloud, as well as Silvus, as well as LMR on D-Series infrastructure refresh. First time we've done that in over 12 years. The continued device refresh, the network layered resiliency. We have a lot of opportunity in front of us and good optionality with net debt to EBITDA sitting a little over 2x. I think we have a lot of powder, and I think we have a lot of opportunity. I don't think we have any, quote-unquote, "gaps" per se. Bell Canada being a great example. That's an extension of a core business that expands the Canadian public safety footprint. That's core of what we do. We know how to monetize services. We know how to upgrade the infrastructure. We know how to do device refresh, and we know how to load applications on that P25 infrastructure and device footprint over time. We'll see how it unfolds, but there's a lot of flexibility and optionality that's in front of us from here looking to the rest of the year. Thank you. This concludes our question-and-answer session. I will now turn the floor over to Mr. Greg Brown, Chairman and Chief Executive Officer, for any additional comments or closing remarks. I simply wanna say thank you to all the Motorola Solutions and our partners for a great start to the year. I think we're really well-positioned to execute on the increased expectations we outlined on the call. We just see continued strong, robust demand, not just in a strong pipeline, but again, coming out of Q1, record backlog, fantastic order performance. We like the portfolio investments we're making that are clearly resonating with customers, as Mahesh referenced just a few weeks ago, with one of the best testimonials there with almost 2,000 people in Orlando. We've got a strong balance sheet, strong and robust cash generation, and a lot of flexibility and opportunity in front. Excited about what's next and look forward to catching up with all of you on the next call in August. Thanks for dialing in. This does conclude today's teleconference. A replay of this call will be available over the Internet within three hours. The website address is www.motorolasolutions.com/investors. We thank you for your participation and ask that you please disconnect your lines at this time.

Speaker 14: Good afternoon and thank you for holding. Welcome to the Motorola Solutions First Quarter 2026 Earnings Conference Call. Today's call is being recorded. If you have any objections, please disconnect at this time. The presentation material and the 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 www.motorolasolutions.com/investors. 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 in your telephone keypad to be placed into the queue. You may also press star five again to remove yourself from the queue. I would now like to introduce Mr. Brian Piotrowski, Vice President of Investor Relations. Good afternoon and thank you for holding. Welcome to the Motorola Solutions First Quarter 2026 Earnings Conference Call. Today's call is being recorded. If you have any objections, please disconnect at this time. The presentation material and the 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 www.motorolasolutions.com/investors. 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 in your telephone keypad to be placed into the queue. You may also press star five again to remove yourself from the queue. I would now like to introduce Mr. Brian Piotrowski, Vice President of Investor Relations. good afternoon and thank you for holding. welcome to the motorola solutions first quarter 2026 earnings conference call. today's call is being recorded. if you have any objections, please disconnect at this time. the presentation material and the 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 www.motorolasolutions.com/investors. 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 in your telephone keypad to be placed into the queue. you may also press star five again to remove yourself from the queue. i would now like to introduce mr brian piotrowski vice president of investor relations Mr. Piotrowski, you may begin your conference. Mr. Piotrowski, you may begin your conference. mr piotrowski you may begin your conference

Speaker 4: Good afternoon. Welcome to our 2026 first quarter earnings call. With me today are Greg Brown, Chairman and CEO, Jason Winkler, Executive Vice President and CFO, Jack Molloy, Executive Vice President and COO, and Mahesh Saptharishi, Executive Vice President and CTO. Greg and Jason will review our results along with commentary, and Jack and Mahesh will join for Q&A. Good afternoon. good afternoon Welcome to our 2026 first quarter earnings call. welcome to our 2026 first quarter earnings call With me today are Greg Brown, Chairman and CEO, Jason Winkler, Executive Vice President and CFO, Jack Molloy, Executive Vice President and COO, and Mahesh Saptharishi, Executive Vice President and CTO. with me today are greg brown chairman and ceo jason winkler executive vice president and cfo jack molloy executive vice president and coo and mahesh saptharishi executive vice president and cto Greg and Jason will review our results along with commentary, and Jack and Mahesh will join for Q&A. greg and jason will review our results along with commentary and jack and mahesh will join for q&a We have posted an earnings presentation and news release at motorolasolutions.com/investors. These materials include GAAP to non-GAAP reconciliations for your reference. During the call, we reference non-GAAP 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. We have posted an earnings presentation and news release at motorolasolutions.com/investors. we have posted an earnings presentation and news release at motorolasolutions.com/investors These materials include GAAP to non-GAAP reconciliations for your reference. these materials include gaap to non-gaap reconciliations for your reference During the call, we reference non-GAAP financial results, including those in our outlook, unless otherwise noted. during the call we reference non-gaap 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. 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. 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. 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 Factors section of our 2025 Annual Report on Form 10-K, or any quarterly report on Form 10-Q, and in our other reports and filings with the SEC. We do not undertake any duty to update any forward-looking statements. I'll now turn the call over to Greg. 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 Factors section of our 2025 Annual Report on Form 10-K, or any quarterly report on Form 10-Q, and in our other reports and filings with the SEC. 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 factors section of our 2025 annual report on form 10-k or any quarterly report on form 10-q and in our other reports and filings with the sec We do not undertake any duty to update any forward-looking statements. we do not undertake any duty to update any forward-looking statements I'll now turn the call over to Greg. i'll now turn the call over to greg

Speaker 6: Thanks, Brian. Good afternoon, and thanks for joining us today. First, Q1 was an outstanding start to the year, with earnings per share that exceeded our guidance as well as record revenue. Revenue was up 7% in the quarter, highlighted by 18% growth in Software and Services. Additionally, we saw growth across all three technologies, with particularly strong starts to the year in Command Center and Video, where we continue to see customers adopt our cloud and hybrid solutions to future-proof their operations and leverage our latest purpose-built AI workflows. In terms of Silvus continues to exceed expectations, and I'm very pleased with our continued execution on that front. At a company level, we also expanded year-over-year operating margins for the fifth consecutive quarter. Second, demand for Safety and Security solutions remains robust. Thanks, Brian. thanks brian Good afternoon, and thanks for joining us today. good afternoon and thanks for joining us today First, Q1 was an outstanding start to the year, with earnings per share that exceeded our guidance as well as record revenue. first q1 was an outstanding start to the year with earnings per share that exceeded our guidance as well as record revenue Revenue was up 7% in the quarter, highlighted by 18% growth in Software and Services. revenue was up 7% in the quarter highlighted by 18% growth in software and services Additionally, we saw growth across all three technologies, with particularly strong starts to the year in Command Center and Video, where we continue to see customers adopt our cloud and hybrid solutions to future-proof their operations and leverage our latest purpose-built AI workflows. additionally we saw growth across all three technologies with particularly strong starts to the year in command center and video where we continue to see customers adopt our cloud and hybrid solutions to future-proof their operations and leverage our latest purpose-built ai workflows In terms of Silvus continues to exceed expectations, and I'm very pleased with our continued execution on that front. in terms of silvus continues to exceed expectations and i'm very pleased with our continued execution on that front At a company level, we also expanded year-over-year operating margins for the fifth consecutive quarter. at a company level we also expanded year-over-year operating margins for the fifth consecutive quarter Second, demand for Safety and Security solutions remains robust. second demand for safety and security solutions remains robust Our record Q1 orders grew 38%, contributing to a record Q1 ending backlog position of $15.7 billion, up 11% versus a year ago. This is a testament to the continued prioritization of Safety and Security by our customers globally and the investments we're making across our ecosystem. During the quarter, we acquired Exacom and Hyper. Exacom integrates critical radio and 911 audio into our digital evidence management, while Hyper injects agentic AI into our 911 call handling. These capabilities convert voice, video, and data into actionable intelligence, helping our customers to act with greater speed and certainty. Additionally, we announced our intent to acquire Bell Canada's LMR Network Services business, which we expect to close sometime in Q4. This acquisition expands our mission-critical managed services footprint into the Canadian public safety customer base. Our record Q1 orders grew 38%, contributing to a record Q1 ending backlog position of $15.7 billion, up 11% versus a year ago. our record q1 orders grew 38% contributing to a record q1 ending backlog position of $15.7 billion up 11% versus a year ago This is a testament to the continued prioritization of Safety and Security by our customers globally and the investments we're making across our ecosystem. this is a testament to the continued prioritization of safety and security by our customers globally and the investments we're making across our ecosystem During the quarter, we acquired Exacom and Hyper. during the quarter we acquired exacom and hyper Exacom integrates critical radio and 911 audio into our digital evidence management, while Hyper injects agentic AI into our 911 call handling. exacom integrates critical radio and 911 audio into our digital evidence management while hyper injects agentic ai into our 911 call handling These capabilities convert voice, video, and data into actionable intelligence, helping our customers to act with greater speed and certainty. Additionally, we announced our intent to acquire Bell Canada's LMR Network Services business, which we expect to close sometime in Q4. these capabilities convert voice video and data into actionable intelligence helping our customers to act with greater speed and certainty. additionally we announced our intent to acquire bell canada's lmr network services business which we expect to close sometime in q4 This acquisition expands our mission-critical managed services footprint into the Canadian public safety customer base. this acquisition expands our mission-critical managed services footprint into the canadian public safety customer base Finally, based on our Q1 results and continued momentum in the business, we're raising our full year guidance for both sales and EPS. With that, I'll now turn the call over to Jason. Finally, based on our Q1 results and continued momentum in the business, we're raising our full year guidance for both sales and EPS. finally based on our q1 results and continued momentum in the business we're raising our full year guidance for both sales and eps With that, I'll now turn the call over to Jason. with that i'll now turn the call over to jason

Speaker 8: Thank you, Greg. Revenue for the quarter grew 7% and was above our guidance with growth in both segments and in all three technologies. This included $60 million of FX tailwinds and $219 million from acquisitions, which was consistent with our Q1 expectations. GAAP operating earnings were $525 million, or 19.3% of sales, down from 23% in the year ago quarter, driven by a $75 million non-cash charge for the increase in the Silvus earn-out, which is aligned to stronger performance of the business and increased intangible amortization in the current quarter. Non-GAAP operating earnings were $781 million, up 9% from the year ago quarter, and non-GAAP operating margin was 28.8%, up 50 basis points, driven by higher sales and improved operating leverage, partially offset by higher supply chain costs. Thank you, Greg. thank you greg Revenue for the quarter grew 7% and was above our guidance with growth in both segments and in all three technologies. revenue for the quarter grew 7% and was above our guidance with growth in both segments and in all three technologies This included $60 million of FX tailwinds and $219 million from acquisitions, which was consistent with our Q1 expectations. this included $60 million of fx tailwinds and $219 million from acquisitions which was consistent with our q1 expectations GAAP operating earnings were $525 million, or 19.3% of sales, down from 23% in the year ago quarter, driven by a $75 million non-cash charge for the increase in the Silvus earn-out, which is aligned to stronger performance of the business and increased intangible amortization in the current quarter. gaap operating earnings were $525 million or 19.3% of sales down from 23% in the year ago quarter driven by a $75 million non-cash charge for the increase in the silvus earn-out which is aligned to stronger performance of the business and increased intangible amortization in the current quarter Non-GAAP operating earnings were $781 million, up 9% from the year ago quarter, and non-GAAP operating margin was 28.8%, up 50 basis points, driven by higher sales and improved operating leverage, partially offset by higher supply chain costs. non-gaap operating earnings were $781 million up 9% from the year ago quarter and non-gaap operating margin was 28.8% up 50 basis points driven by higher sales and improved operating leverage partially offset by higher supply chain costs GAAP earnings per share was $2.18, down from $2.53 in the year-ago quarter, primarily due to the $0.45 non-cash charge for the Silvus earn-out that I mentioned earlier. Non-GAAP EPS was $3.37, up 6% from $3.18 last year. Our growth in EPS was driven by higher operating margins, partially offset by higher interest expense. OpEx in Q1 was $607 million, up $4 million versus last year due to acquisitions. Turning to cash flow, Q1 operating cash flow was $451 million, down $59 million versus last year, and free cash flow was $389 million, down $84 million. The decrease in year-over-year cash flows was primarily driven by increased investments in inventory and higher interest, partially offset by higher earnings. GAAP earnings per share was $2.18, down from $2.53 in the year-ago quarter, primarily due to the $0.45 non-cash charge for the Silvus earn-out that I mentioned earlier. gaap earnings per share was $2.18 down from $2.53 in the year-ago quarter primarily due to the $0.45 non-cash charge for the silvus earn-out that i mentioned earlier Non-GAAP EPS was $3.37, up 6% from $3.18 last year. non-gaap eps was $3.37 up 6% from $3.18 last year Our growth in EPS was driven by higher operating margins, partially offset by higher interest expense. our growth in eps was driven by higher operating margins partially offset by higher interest expense OpEx in Q1 was $607 million, up $4 million versus last year due to acquisitions. Turning to cash flow, Q1 operating cash flow was $451 million, down $59 million versus last year, and free cash flow was $389 million, down $84 million. opex in q1 was $607 million up $4 million versus last year due to acquisitions. turning to cash flow q1 operating cash flow was $451 million down $59 million versus last year and free cash flow was $389 million down $84 million The decrease in year-over-year cash flows was primarily driven by increased investments in inventory and higher interest, partially offset by higher earnings. the decrease in year-over-year cash flows was primarily driven by increased investments in inventory and higher interest partially offset by higher earnings Capital allocation during Q1 included $201 million in cash dividends, $118 million in share repurchases, and $62 million of CapEx. We closed two acquisitions during the quarter, Exacom and Hyper, for a total of $90 million net of cash acquired. We also entered into a definitive agreement to acquire the LMR Network Services business from Bell Canada, which is expected to close in the fourth quarter of 2026. Additionally, the company repaid $200 million of the $1.5 billion dollar term loans issued to fund the Silvus acquisition, leaving a balance of $1.3 billion outstanding. Moving next to our segment results. In Products and SI, sales were up 1% versus last year, driven by growth in Video. Revenue from acquisitions was $181 million, and foreign currency tailwinds were $30 million in the quarter. Capital allocation during Q1 included $201 million in cash dividends, $118 million in share repurchases, and $62 million of CapEx. capital allocation during q1 included $201 million in cash dividends $118 million in share repurchases and $62 million of capex We closed two acquisitions during the quarter, Exacom and Hyper, for a total of $90 million net of cash acquired. we closed two acquisitions during the quarter exacom and hyper for a total of $90 million net of cash acquired We also entered into a definitive agreement to acquire the LMR Network Services business from Bell Canada, which is expected to close in the fourth quarter of 2026. we also entered into a definitive agreement to acquire the lmr network services business from bell canada which is expected to close in the fourth quarter of 2026 Additionally, the company repaid $200 million of the $1.5 b illion dollar term loans issued to fund the Silvus acquisition, leaving a balance of $1.3 billion outstanding. additionally the company repaid $200 million of the $1.5 b illion dollar term loans issued to fund the silvus acquisition leaving a balance of $1.3 billion outstanding Moving next to our segment results. moving next to our segment results In Products and SI, sales were up 1% versus last year, driven by growth in Video. in products and si sales were up 1% versus last year driven by growth in video Revenue from acquisitions was $181 million, and foreign currency tailwinds were $30 million in the quarter. revenue from acquisitions was $181 million and foreign currency tailwinds were $30 million in the quarter Operating earnings were $386 million or 24.8% of sales, down from 28.1% in the year prior, primarily driven by unfavorable mix and higher supply chain costs, partially offset by improved operating leverage. Some notable Q1 wins and achievements in the Products and SI segment include $148 million P25 device and SVX body-worn assistant orders for the U.S. federal government, a $16 million P25 device order for a U.S. state and local customer, a $14 million fixed video order for a large U.S. fitness company, and a $10 million fixed video order for Duke Energy. During the quarter, the company also secured $78 million of Silvus orders from an unmanned systems provider in Germany with an expected delivery schedule over the next few quarters. Operating earnings were $386 million or 24.8% of sales, down from 28.1% in the year prior, primarily driven by unfavorable mix and higher supply chain costs, partially offset by improved operating leverage. operating earnings were $386 million or 24.8% of sales down from 28.1% in the year prior primarily driven by unfavorable mix and higher supply chain costs partially offset by improved operating leverage Some notable Q1 wins and achievements in the Products and SI segment include $148 million P25 device and SVX body-worn assistant orders for the U.S. federal government, a $16 million P25 device order for a U.S. state and local customer, a $14 million fixed video order for a large U.S. fitness company, and a $10 million fixed video order for Duke Energy. some notable q1 wins and achievements in the products and si segment include $148 million p25 device and svx body-worn assistant orders for the u.s federal government a $16 million p25 device order for a u.s state and local customer a $14 million fixed video order for a large u.s fitness company and a $10 million fixed video order for duke energy During the quarter, the company also secured $78 million of Silvus orders from an unmanned systems provider in Germany with an expected delivery schedule over the next few quarters. during the quarter the company also secured $78 million of silvus orders from an unmanned systems provider in germany with an expected delivery schedule over the next few quarters In Software and Services, revenue was up 18% compared to last year, driven by strong growth across all three technologies. Revenue from acquisitions was $38 million, and currency tailwinds were $30 million in the quarter. Operating earnings in the segment were $395 million or 34.2% of sales, up from 28.7% last year, driven by higher sales, inclusive of favorable mix and improved operating leverage. Some notable Q1 highlights in this segment include a $41 million five-year P25 services renewal for the Minnesota Department of Transportation, a $24 million Command Center order for Denver, Colorado, a $16 million Command Center order for Anne Arundel County in Maryland, a $10 million P25 services order for Paraíba, Brazil Department of Social Services, and a $9 million mobile video order for a U.S. state and local customer. In Software and Services, revenue was up 18% compared to last year, driven by strong growth across all three technologies. in software and services revenue was up 18% compared to last year driven by strong growth across all three technologies Revenue from acquisitions was $38 million, and currency tailwinds were $30 million in the quarter. revenue from acquisitions was $38 million and currency tailwinds were $30 million in the quarter Operating earnings in the segment were $395 million or 34.2% of sales, up from 28.7% last year, driven by higher sales, inclusive of favorable mix and improved operating leverage. operating earnings in the segment were $395 million or 34.2% of sales up from 28.7% last year driven by higher sales inclusive of favorable mix and improved operating leverage Some notable Q1 highlights in this segment include a $41 million five-year P25 services renewal for the Minnesota Department of Transportation, a $24 million Command Center order for Denver, Colorado, a $16 million Command Center order for Anne Arundel County in Maryland, a $10 million P25 services order for Paraíba, Brazil Department of Social Services, and a $9 million mobile video order for a U.S. state and local customer. some notable q1 highlights in this segment include a $41 million five-year p25 services renewal for the minnesota department of transportation a $24 million command center order for denver colorado a $16 million command center order for anne arundel county in maryland a $10 million p25 services order for paraíba brazil department of social services and a $9 million mobile video order for a u.s state and local customer Looking now at our regional results. North America Q1 revenue was $1.9 billion, flat compared to the prior year, with growth in Video and Command Center. International Q1 revenue was $857 million, up 27% versus last year, driven by Mission Critical Networks, Video, and Command Center. Moving to backlog. Ending backlog for Q1 was $15.7 billion, up $1.6 billion or 11% versus last year, primarily driven by record Q1 orders, which was our fourth consecutive quarter of double-digit orders growth in both segments. Sequentially, backlog declined $60 million, driven primarily by revenue recognition for the U.K. Home Office, partially offset by strong demand in Video and Command Center. In Products and SI, ending backlog increased $255 million versus last year due to strong demand in Video and Mission Critical Networks. Looking now at our regional results. looking now at our regional results North America Q1 revenue was $1.9 billion, flat compared to the prior year, with growth in Video and Command Center. north america q1 revenue was $1.9 billion flat compared to the prior year with growth in video and command center International Q1 revenue was $857 million, up 27% versus last year, driven by Mission Critical Networks, Video, and Command Center. international q1 revenue was $857 million up 27% versus last year driven by mission critical networks video and command center Moving to backlog. moving to backlog Ending backlog for Q1 was $15.7 billion, up $1.6 billion or 11% versus last year, primarily driven by record Q1 orders, which was our fourth consecutive quarter of double-digit orders growth in both segments. ending backlog for q1 was $15.7 billion up $1.6 billion or 11% versus last year primarily driven by record q1 orders which was our fourth consecutive quarter of double-digit orders growth in both segments Sequentially, backlog declined $60 million, driven primarily by revenue recognition for the U.K. sequentially backlog declined $60 million driven primarily by revenue recognition for the u.k Home Office, partially offset by strong demand in Video and Command Center. home office partially offset by strong demand in video and command center In Products and SI, ending backlog increased $255 million versus last year due to strong demand in Video and Mission Critical Networks. in products and si ending backlog increased $255 million versus last year due to strong demand in video and mission critical networks Sequentially, ending backlog increased $45 million, driven by strong demand in Video. In Software and Services, backlog increased $1.3 billion compared to last year, driven by strong demand for multi-year contracts across all three technologies and favorable foreign currency impacts. Sequentially, the ending backlog declined $105 million, primarily driven by the revenue recognition for the U.K. Home Office, partially offset by strong demand in Command Center and Video. Turning to our outlook. We expect Q2 sales growth of approximately 8.5%, with non-GAAP earnings per share between $3.82 and $3.88 per share. This assumes a weighted average diluted share count of approximately 168 million shares and an effective tax rate of approximately 23%. Sequentially, ending backlog increased $45 million, driven by strong demand in Video. sequentially ending backlog increased $45 million driven by strong demand in video In Software and Services, backlog increased $1.3 billion compared to last year, driven by strong demand for multi-year contracts across all three technologies and favorable foreign currency impacts. in software and services backlog increased $1.3 billion compared to last year driven by strong demand for multi-year contracts across all three technologies and favorable foreign currency impacts Sequentially, the ending backlog declined $105 million, primarily driven by the revenue recognition for the U.K. sequentially the ending backlog declined $105 million primarily driven by the revenue recognition for the u.k Home Office, partially offset by strong demand in Command Center and Video. home office partially offset by strong demand in command center and video Turning to our outlook. turning to our outlook We expect Q2 sales growth of approximately 8.5%, with non-GAAP earnings per share between $3.82 and $3.88 per share. we expect q2 sales growth of approximately 8.5% with non-gaap earnings per share between $3.82 and $3.88 per share This assumes a weighted average diluted share count of approximately 168 million shares and an effective tax rate of approximately 23%. this assumes a weighted average diluted share count of approximately 168 million shares and an effective tax rate of approximately 23% For the full year, we now expect revenue of approximately $12.8 billion, up from our prior guidance of $12.7 billion, and non-GAAP earnings per share between $16.87 and $16.99 per share, up from our prior guide of between $16.70 and $16.85 per share. This full year outlook assumes a weighted average diluted share count of approximately 168 million shares, an effective tax rate of approximately 22.5%, and favorable FX of about $100 million, which is unchanged from our prior outlook. Additionally, we continue to expect another strong year of cash flow generation with approximately $3 billion of operating cash flow for the full year. Before turning the call back to Greg, I want to highlight a couple items. For the full year, we now expect revenue of approximately $12.8 billion, up from our prior guidance of $12.7 billion, and non-GAAP earnings per share between $16.87 and $16.99 per share, up from our prior guide of between $16.70 and $16.85 per share. for the full year we now expect revenue of approximately $12.8 billion up from our prior guidance of $12.7 billion and non-gaap earnings per share between $16.87 and $16.99 per share up from our prior guide of between $16.70 and $16.85 per share This full year outlook assumes a weighted average diluted share count of approximately 168 million shares, an effective tax rate of approximately 22.5%, and favorable FX of about $100 million, which is unchanged from our prior outlook. this full year outlook assumes a weighted average diluted share count of approximately 168 million shares an effective tax rate of approximately 22.5% and favorable fx of about $100 million which is unchanged from our prior outlook Additionally, we continue to expect another strong year of cash flow generation with approximately $3 billion of operating cash flow for the full year. additionally we continue to expect another strong year of cash flow generation with approximately $3 billion of operating cash flow for the full year Before turning the call back to Greg, I want to highlight a couple items. before turning the call back to greg i want to highlight a couple items First, we are raising our top-line revenue expectations, $100 million, driven by strength from both Silvus, which we now expect to generate $750 million in full year revenue, up $75 million from our prior expectations, and as well our core Public Safety business increasing. With these increased top-line expectations, we now expect Products and SI to grow between 8% and 9%, up from 7% to 8%, and Mission Critical Networks, the technology to grow between 8% and 9% up from 7% to 8% previously. Second, we continue to navigate a dynamic supply chain environment that includes tariffs and rising memory costs. Regarding tariffs, the Supreme Court ruled against the IEEPA duties in February. However, these were promptly replaced by new Section 122 tariffs, which we're subject to, and a broader tariff framework of uncertainty remains on the horizon. First, we are raising our top-line revenue expectations, $100 million, driven by strength from both Silvus, which we now expect to generate $750 million in full year revenue, up $75 million from our prior expectations, and as well our core Public Safety business increasing. first we are raising our top-line revenue expectations $100 million driven by strength from both silvus which we now expect to generate $750 million in full year revenue up $75 million from our prior expectations and as well our core public safety business increasing With these increased top-line expectations, we now expect Products and SI to grow between 8% and 9%, up from 7% to 8%, and Mission Critical Networks, the technology to grow between 8% and 9% up from 7% to 8% previously. with these increased top-line expectations we now expect products and si to grow between 8% and 9% up from 7% to 8% and mission critical networks, the technology to grow between 8% and 9% up from 7% to 8% previously Second, we continue to navigate a dynamic supply chain environment that includes tariffs and rising memory costs. second we continue to navigate a dynamic supply chain environment that includes tariffs and rising memory costs Regarding tariffs, the Supreme Court ruled against the IEEPA duties in February. regarding tariffs the supreme court ruled against the ieepa duties in february However, these were promptly replaced by new Section 122 tariffs, which we're subject to, and a broader tariff framework of uncertainty remains on the horizon. however these were promptly replaced by new section 122 tariffs which we're subject to and a broader tariff framework of uncertainty remains on the horizon The net impact of these changes is that we continue to project $60 million in tariff headwinds this year, primarily in the first half of the year. We continue to monitor the IEEPA refund process. Turning to memory, on our last call, we dimensionalized our direct memory spend at approximately $50 million last year. We now expect this to a little more than double in 2026, and we are actively pursuing mitigation strategies, including accelerating inventory, deeper strategic partnerships, and surgical price adjustments to offset these memory cost increases. As a result, we still expect to expand our operating margins by 100 basis points for the full year, with operating margin expansion in both segments. With that, I'd like to turn the call back to Greg. The net impact of these changes is that we continue to project $60 million in tariff headwinds this year, primarily in the first half of the year. the net impact of these changes is that we continue to project $60 million in tariff headwinds this year primarily in the first half of the year We continue to monitor the IEEPA refund process. we continue to monitor the ieepa refund process Turning to memory, on our last call, we dimensionalized our direct memory spend at approximately $50 million last year. turning to memory on our last call we dimensionalized our direct memory spend at approximately $50 million last year We now expect this to a little more than double in 2026, and we are actively pursuing mitigation strategies, including accelerating inventory, deeper strategic partnerships, and surgical price adjustments to offset these memory cost increases. we now expect this to a little more than double in 2026 and we are actively pursuing mitigation strategies including accelerating inventory deeper strategic partnerships and surgical price adjustments to offset these memory cost increases As a result, we still expect to expand our operating margins by 100 basis points for the full year, with operating margin expansion in both segments. as a result we still expect to expand our operating margins by 100 basis points for the full year with operating margin expansion in both segments With that, I'd like to turn the call back to Greg. with that i'd like to turn the call back to greg

Speaker 6: Thanks, Jason, and I'll end with a few thoughts. First, I'm very pleased with our Q1 results, and demand continues to be quite strong across the portfolio. Revenue was up 7%, highlighted by 18% growth in our Software and Services segment. Additionally, we achieved a record Q1 ending backlog, which was up 11% versus last year, providing us with an excellent foundation for the rest of 2026. Second, I couldn't be more pleased with the energy enthusiasm coming out of our annual Public Safety User Summit, which was held in Orlando last month. Innovation has always been at our core, and after spending time with the record 1,600+ customers in attendance, it's more clear than ever that they're looking to our solutions to help simplify an increasingly complex public safety workflow. Thanks, Jason, and I'll end with a few thoughts. thanks jason and i'll end with a few thoughts First, I'm very pleased with our Q1 results, and demand continues to be quite strong across the portfolio. first i'm very pleased with our q1 results and demand continues to be quite strong across the portfolio Revenue was up 7%, highlighted by 18% growth in our Software and Services segment. revenue was up 7% highlighted by 18% growth in our software and services segment Additionally, we achieved a record Q1 ending backlog, which was up 11% versus last year, providing us with an excellent foundation for the rest of 2026. additionally we achieved a record q1 ending backlog which was up 11% versus last year providing us with an excellent foundation for the rest of 2026 Second, I couldn't be more pleased with the energy enthusiasm coming out of our annual Public Safety User Summit, which was held in Orlando last month. second i couldn't be more pleased with the energy enthusiasm coming out of our annual public safety user summit which was held in orlando last month Innovation has always been at our core, and after spending time with the record 1,600 + customers in attendance, it's more clear than ever that they're looking to our solutions to help simplify an increasingly complex public safety workflow. innovation has always been at our core and after spending time with the record 1,600 + customers in attendance it's more clear than ever that they're looking to our solutions to help simplify an increasingly complex public safety workflow To that end, I'm excited about the recent launches within our Command Center that leverage our latest AI Assist capabilities, missions, and record management. With missions, we're redefining crime center operations by centering workflows around measurable outcomes. With records management, we're unifying an agency's records and case management into a single cloud-native solution that can significantly accelerate agency reporting and case closure. These solutions build on our comprehensive approach to AI with Assist, focused on injecting intelligence directly into every workflow across the portfolio, serving the call taker, dispatcher, responder, RTCC operator, and investigator with a compelling value proposition for our customers. In Mission Critical Networks, we continue to redefine what resilient communications means. To that end, I'm excited about the recent launches within our Command Center that leverage our latest AI Assist capabilities, missions, and record management. to that end i'm excited about the recent launches within our command center that leverage our latest ai assist capabilities missions and record management With missions, we're redefining crime center operations by centering workflows around measurable outcomes. with missions we're redefining crime center operations by centering workflows around measurable outcomes With records management, we're unifying an agency's records and case management into a single cloud-native solution that can significantly accelerate agency reporting and case closure. with records management we're unifying an agency's records and case management into a single cloud-native solution that can significantly accelerate agency reporting and case closure These solutions build on our comprehensive approach to AI with Assist, focused on injecting intelligence directly into every workflow across the portfolio, serving the call taker, dispatcher, responder, RTCC operator, and investigator with a compelling value proposition for our customers. these solutions build on our comprehensive approach to ai with assist focused on injecting intelligence directly into every workflow across the portfolio serving the call taker dispatcher responder rtcc operator and investigator with a compelling value proposition for our customers In Mission Critical Networks, we continue to redefine what resilient communications means. in mission critical networks we continue to redefine what resilient communications means Our new APX NEXT integration with T-Mobile and Starlink seamlessly enables direct-to-device satellite connectivity, adding yet another mode of network resiliency to LMR, where we now incorporate LTE, 5G, Wi-Fi, and satellite to help ensure that a first responder is never out of reach. In Video Security, we also continue to expand the breadth of our portfolio across key verticals, including healthcare, retail, and critical infrastructure. Finally, the opportunities in front of our Silvus business continue to grow in today's geopolitical environment, where unmanned systems, particularly drones, are transforming security and defense operations around the world. The resilient, highly scalable, secure broadband connectivity that Silvus provides puts us at the very center of new defense and electronic warfare communications, and we continue to see strong demand from U.S. and allied defense agencies worldwide, which is in part driving our increased guidance for this year. Our new APX NEXT integration with T-Mobile and Starlink seamlessly enables direct-to-device satellite connectivity, adding yet another mode of network resiliency to LMR, where we now incorporate LTE, 5G, Wi-Fi, and satellite to help ensure that a first responder is never out of reach. our new apx next integration with t-mobile and starlink seamlessly enables direct-to-device satellite connectivity adding yet another mode of network resiliency to lmr where we now incorporate lte 5g wi-fi and satellite to help ensure that a first responder is never out of reach In Video Security, we also continue to expand the breadth of our portfolio across key verticals, including healthcare, retail, and critical infrastructure. in video security we also continue to expand the breadth of our portfolio across key verticals including healthcare retail and critical infrastructure Finally, the opportunities in front of our Silvus business continue to grow in today's geopolitical environment, where unmanned systems, particularly drones, are transforming security and defense operations around the world. finally the opportunities in front of our silvus business continue to grow in today's geopolitical environment where unmanned systems particularly drones are transforming security and defense operations around the world The resilient, highly scalable, secure broadband connectivity that Silvus provides puts us at the very center of new defense and electronic warfare communications, and we continue to see strong demand from U.S. and allied defense agencies worldwide, which is in part driving our increased guidance for this year. the resilient highly scalable secure broadband connectivity that silvus provides puts us at the very center of new defense and electronic warfare communications and we continue to see strong demand from u.s and allied defense agencies worldwide which is in part driving our increased guidance for this year As I look forward to the rest of the year, I'm absolutely encouraged by our momentum. We're seeing sustained global prioritization of public safety, enterprise security, and defense spending, and are very well positioned for the remainder of the year. Our strong balance sheet and excellent cash flow provide us with the flexibility to remain opportunistic in capital allocation, both organically and inorganically. With that, I'll turn the call back over to Brian, and we'll open it up for your questions. As I look forward to the rest of the year, I'm absolutely encouraged by our momentum. as i look forward to the rest of the year i'm absolutely encouraged by our momentum We're seeing sustained global prioritization of public safety, enterprise security, and defense spending, and are very well positioned for the remainder of the year. we're seeing sustained global prioritization of public safety enterprise security and defense spending and are very well positioned for the remainder of the year Our strong balance sheet and excellent cash flow provide us with the flexibility to remain opportunistic in capital allocation, both organically and inorganically. our strong balance sheet and excellent cash flow provide us with the flexibility to remain opportunistic in capital allocation both organically and inorganically With that, I'll turn the call back over to Brian, and we'll open it up for your questions. with that i'll turn the call back over to brian and we'll open it up for your questions

Speaker 4: Thank you, Greg. Before we begin taking questions, I would like to remind callers to limit themselves to one question and one follow-up to accommodate as many participants as possible. Operator, would you please remind our callers on the line how to ask a question? Thank you, Greg. thank you greg Before we begin taking questions, I would like to remind callers to limit themselves to one question and one follow-up to accommodate as many participants as possible. before we begin taking questions i would like to remind callers to limit themselves to one question and one follow-up to accommodate as many participants as possible Operator, would you please remind our callers on the line how to ask a question? operator would you please remind our callers on the line how to ask a question

Speaker 14: Thank you. The floor is now open for questions. If you have a question or comment, please press star five on your telephone keypad. If for any reason you would like to remove yourself from the queue, please press star five once again. We do ask that while you pose your question, please pick up your handset to provide optimal sound quality. Thank you. Our first question comes from Tim Long with Barclays. Thank you. thank you The floor is now open for questions. the floor is now open for questions If you have a question or comment, please press star five on your telephone keypad. if you have a question or comment please press star five on your telephone keypad If for any reason you would like to remove yourself from the queue, please press star five once again. if for any reason you would like to remove yourself from the queue please press star five once again We do ask that while you pose your question, please pick up your handset to provide optimal sound quality. we do ask that while you pose your question please pick up your handset to provide optimal sound quality Thank you. thank you Our first question comes from Tim Long with Barclays. our first question comes from tim long with barclays

Speaker 16: Thank you. Yeah, I was hoping I could start with, you know, the strong performance in Video and Command Center. Both those product lines seem to be above growth rate. Could you talk a little bit about kind of what drove that? Was there one-timers in there, particularly in Video with the big order that was discussed? You know, any updates on outlooks there? Then I had a follow-up on Mission Critical Networks after that. Thank you. Thank you. thank you Yeah, I was hoping I could start with, you know, the strong performance in Video and Command Center. yeah i was hoping i could start with you know the strong performance in video and command center Both those product lines seem to be above growth rate. both those product lines seem to be above growth rate Could you talk a little bit about kind of what drove that? could you talk a little bit about kind of what drove that Was there one-timers in there, particularly in Video with the big order that was discussed? was there one-timers in there particularly in video with the big order that was discussed You know, any updates on outlooks there? you know any updates on outlooks there Then I had a follow-up on Mission Critical Networks after that. then i had a follow-up on mission critical networks after that Thank you. thank you

Speaker 8: Thanks, Tim. Yes, it was a strong start to the year for Video. As you mentioned, 16% growth. Growth drivers in there include body-worn cameras, ALPR, our Unity platform, and of course Alta, which is our cloud-based platform continuing to lead the way with growth. Much of that's aligned to the continued investments that Jack's made in the team. I wouldn't point to any one particular deal, but a couple of the deals we talked about that are new wins for us, including Duke and the large one that we mentioned for fitness. Jack, you and your team did a tremendous job on those, it's pretty broad-based, Tim. Thanks, Tim. thanks tim Yes, it was a strong start to the year for Video. yes it was a strong start to the year for video As you mentioned, 16% growth. as you mentioned 16% growth Growth drivers in there include body-worn cameras, ALPR, our Unity platform, and of course Alta, which is our cloud-based platform continuing to lead the way with growth. growth drivers in there include body-worn cameras alpr our unity platform and of course alta which is our cloud-based platform continuing to lead the way with growth Much of that's aligned to the continued investments that Jack's made in the team. much of that's aligned to the continued investments that jack's made in the team I wouldn't point to any one particular deal, but a couple of the deals we talked about that are new wins for us, including Duke and the large one that we mentioned for fitness. i wouldn't point to any one particular deal but a couple of the deals we talked about that are new wins for us including duke and the large one that we mentioned for fitness Jack, you and your team did a tremendous job on those, it's pretty broad-based, Tim. jack you and your team did a tremendous job on those it's pretty broad-based tim

Speaker 7: Tim, the only thing I'd add, I think Jason hit it. The only thing is Alta has been a game changer in terms of vertical market served. You know, we weren't really in retail before, and as we alluded to with the big national fitness chain, that's an example, I think of what you'll come to expect from us moving forward. We've been very intensive on education, public safety, critical infrastructure, but I think there's a broader market that we can serve with Alta and with the investments we've made and go to market. Tim, the only thing I'd add, I think Jason hit it. tim the only thing i'd add i think jason hit it The only thing is Alta has been a game changer in terms of vertical market served. the only thing is alta has been a game changer in terms of vertical market served You know, we weren't really in retail before, and as we alluded to with the big national fitness chain, that's an example, I think of what you'll come to expect from us moving forward. you know we weren't really in retail before and as we alluded to with the big national fitness chain that's an example i think of what you'll come to expect from us moving forward We've been very intensive on education, public safety, critical infrastructure, but I think there's a broader market that we can serve with Alta and with the investments we've made and go to market. we've been very intensive on education public safety critical infrastructure but i think there's a broader market that we can serve with alta and with the investments we've made and go to market

Speaker 8: The second half of your question, Tim. The second half of your question, Tim. the second half of your question tim

Speaker 16: Okay, thanks— Okay, thanks— okay thanks—

Speaker 8: Also, also a strong start to— Also, also a strong start to— also also a strong start to—

Speaker 16: Go ahead. Go ahead. go ahead

Speaker 8: —our Command Center technology with 27% growth. That was driven in part by some Tier 1 cities coming online for our next-generation 911, which Mahesh and team have delivered. Those customers have made some pretty significant commitments to us given the roadmap that Mahesh has. —our Command Center technology with 27% growth. —our command center technology with 27% growth That was driven in part by some Tier 1 cities coming online for our next-generation 911, which Mahesh and team have delivered. that was driven in part by some tier 1 cities coming online for our next-generation 911 which mahesh and team have delivered Those customers have made some pretty significant commitments to us given the roadmap that Mahesh has. those customers have made some pretty significant commitments to us given the roadmap that mahesh has

Speaker 11: I think on top of that, I'd say that we also moved to a hybrid subscription model for our CAD solutions and our record solutions last year. Those customers went live, and we're seeing the dividends of that play out as well at this point. The last thing I would say is that we introduced Assist Suites last quarter, and we're seeing excellent product market fit there. 100% of our 911 VESTA NXT call handling solutions had Assist Dispatcher Suite associated with it. That was a great win for us as well. I think on top of that, I'd say that we also moved to a hybrid subscription model for our CAD solutions and our record solutions last year. i think on top of that i'd say that we also moved to a hybrid subscription model for our cad solutions and our record solutions last year Those customers went live, and we're seeing the dividends of that play out as well at this point. those customers went live and we're seeing the dividends of that play out as well at this point The last thing I would say is that we introduced Assist Suites last quarter, and we're seeing excellent product market fit there. 100% of our 911 VESTA NXT call handling solutions had Assist Dispatcher Suite associated with it. the last thing i would say is that we introduced assist suites last quarter and we're seeing excellent product market fit there 100% of our 911 vesta nxt call handling solutions had assist dispatcher suite associated with it That was a great win for us as well. that was a great win for us as well

Speaker 16: Okay. I just wanted to follow up on the Mission Critical Networks. It sounds like, you know, Silvus is exceeding, and you raised numbers there as well. You know, revenues were down year-over-year in the quarter. Maybe talk about, you know, what's going on in the LMR product area to start the year. Thank you. Okay. okay I just wanted to follow up on the Mission Critical Networks. i just wanted to follow up on the mission critical networks It sounds like, you know, Silvus is exceeding, and you raised numbers there as well. it sounds like you know silvus is exceeding and you raised numbers there as well You know, revenues were down year-over-year in the quarter. you know revenues were down year-over-year in the quarter Maybe talk about, you know, what's going on in the LMR product area to start the year. maybe talk about you know what's going on in the lmr product area to start the year Thank you. thank you

Speaker 8: Sure. There, Tim, it's as we expected, where Q1 in particular has a series of comps behind it. Our Q1's pretty strong in the LMR business. We were expecting that, prepared for that. Silvus is continuing to exceed our expectations. I would also point you to demand, which is a function of orders. Our double-digit product orders growth, inclusive of LMR, is our fourth quarter in a row of capturing that level of demand and is anchored around our expectations for growth in the second half within MCN and LMR inclusive growth to accelerate, which is much like last year. Sure. sure There, Tim, it's as we expected, where Q1 in particular has a series of comps behind it. there tim it's as we expected where q1 in particular has a series of comps behind it Our Q1's pretty strong in the LMR business. our q1's pretty strong in the lmr business We were expecting that, prepared for that. we were expecting that prepared for that Silvus is continuing to exceed our expectations. silvus is continuing to exceed our expectations I would also point you to demand, which is a function of orders. i would also point you to demand which is a function of orders Our double-digit product orders growth, inclusive of LMR, is our fourth quarter in a row of capturing that level of demand and is anchored around our expectations for growth in the second half within MCN and LMR inclusive growth to accelerate, which is much like last year. our double-digit product orders growth inclusive of lmr is our fourth quarter in a row of capturing that level of demand and is anchored around our expectations for growth in the second half within mcn and lmr inclusive growth to accelerate which is much like last year

Speaker 7: Tim, I would just add and further unpack that. You know, when you decompose Products and specifically LMR, remember, we're also going against a couple of years prior comps that are double-digit, which is a reflection of the normalization of semiconductor supply. That in Q1 and one more quarter, this quarter, this year, we will be through. That's another anomaly that we're playing through, but love the fact that we've had four consecutive orders of double-digit Products growth. Quite frankly, we expect full-year double-digit orders growth in Products as well. It is as expected. That's a reflection of the linearity you see. Tim, I would just add and further unpack that. tim i would just add and further unpack that You know, when you decompose Products and specifically LMR, remember, we're also going against a couple of years prior comps that are double-digit, which is a reflection of the normalization of semiconductor supply. you know when you decompose products and specifically lmr remember we're also going against a couple of years prior comps that are double-digit which is a reflection of the normalization of semiconductor supply That in Q1 and one more quarter, this quarter, this year, we will be through. that in q1 and one more quarter this quarter this year we will be through That's another anomaly that we're playing through, but love the fact that we've had four consecutive orders of double-digit Products growth. that's another anomaly that we're playing through but love the fact that we've had four consecutive orders of double-digit products growth Quite frankly, we expect full-year double-digit orders growth in Products as well. quite frankly we expect full-year double-digit orders growth in products as well It is as expected. it is as expected That's a reflection of the linearity you see. that's a reflection of the linearity you see

Speaker 8: The raise that we mentioned on the call, the $100 million, while $75 million is related to Silvus, the other $25 million is from really the Public Safety business broadly. Our expectations have increased. The raise that we mentioned on the call, the $100 million, while $75 million is related to Silvus, the other $25 million is from really the Public Safety business broadly. the raise that we mentioned on the call the $100 million while $75 million is related to silvus the other $25 million is from really the public safety business broadly Our expectations have increased. our expectations have increased

Speaker 16: Okay. Thank you. Okay. okay Thank you. thank you

Speaker 7: Thanks, Tim. Thanks, Tim. thanks tim

Speaker 14: The next question will come from the line of Matt Niknam with Truist Securities. The next question will come from the line of Matt Niknam with Truist Securities. the next question will come from the line of matt niknam with truist securities

Speaker 12: Hey, guys. Thanks so much for taking the question. I guess to the point of accelerating growth, particularly in the back half of the year, I'm just curious if you can talk to visibility and confidence level you have towards achieving the guide, more in terms of supply and getting enough at hand to be able to ship. Then on a related note, just on growth margins. I know you guys reaffirmed the expectation to grow op income margins by about 100 basis points. I'm wondering if there's maybe a little bit more leverage against the OpEx or you know, how are you thinking about growth margins relative to scaling past OpEx to get there? Thanks. Hey, guys. hey guys Thanks so much for taking the question. thanks so much for taking the question I guess to the point of accelerating growth, particularly in the back half of the year, I'm just curious if you can talk to visibility and confidence level you have towards achieving the guide, more in terms of supply and getting enough at hand to be able to ship. i guess to the point of accelerating growth particularly in the back half of the year i'm just curious if you can talk to visibility and confidence level you have towards achieving the guide more in terms of supply and getting enough at hand to be able to ship Then on a related note, just on growth margins. then on a related note just on growth margins I know you guys reaffirmed the expectation to grow op income margins by about 100 basis points. i know you guys reaffirmed the expectation to grow op income margins by about 100 basis points I'm wondering if there's maybe a little bit more leverage against the OpEx or you know, how are you thinking about growth margins relative to scaling past OpEx to get there? i'm wondering if there's maybe a little bit more leverage against the opex or you know how are you thinking about growth margins relative to scaling past opex to get there Thanks. thanks

Speaker 8: Sure. On the demand side, you can see it in our product backlog, which actually increased sequentially. Strong public safety orders as well as strong video orders included in that. In terms of our ability to continue to attain the supply to match those strong demand profiles, those double-digit quarters that we've talked about, we are getting the supply we need. In some cases, we're having to pay a little bit more for it, in particular memory. Our supply lines are lined up to the demand profile that we have today and what we expect to be there in the second half. Despite the higher costs, we mentioned on the call that we still expect to grow operating earnings for the company 100 basis points and to do it in both segments. Each segment will contribute to that 100 basis point expansion. Sure. sure On the demand side, you can see it in our product backlog, which actually increased sequentially. on the demand side you can see it in our product backlog which actually increased sequentially Strong public safety orders as well as strong video orders included in that. strong public safety orders as well as strong video orders included in that In terms of our ability to continue to attain the supply to match those strong demand profiles, those double-digit quarters that we've talked about, we are getting the supply we need. in terms of our ability to continue to attain the supply to match those strong demand profiles those double-digit quarters that we've talked about we are getting the supply we need In some cases, we're having to pay a little bit more for it, in particular memory. in some cases we're having to pay a little bit more for it in particular memory Our supply lines are lined up to the demand profile that we have today and what we expect to be there in the second half. our supply lines are lined up to the demand profile that we have today and what we expect to be there in the second half Despite the higher costs, we mentioned on the call that we still expect to grow operating earnings for the company 100 basis points and to do it in both segments. despite the higher costs we mentioned on the call that we still expect to grow operating earnings for the company 100 basis points and to do it in both segments Each segment will contribute to that 100 basis point expansion. each segment will contribute to that 100 basis point expansion

Speaker 7: Yeah. Yeah. yeah

Speaker 8: Pipeline, Jack? Pipeline, Jack? pipeline jack

Speaker 7: Pipeline, Matt, the only thing I'd tell you is, you know, given you have a full understanding of public safety being, you know, a significant part of our business, it is a long sales cycle in public safety, which is a good thing for us because it gives us visibility in terms of deals of not only deals we propose, but deals approval. They go to county board, city commission, state budget office. So, we have a high degree of confidence that'll, in our outlook for the year. Pipeline, Matt, the only thing I'd tell you is, you know, given you have a full understanding of public safety being, you know, a significant part of our business, it is a long sales cycle in public safety, which is a good thing for us because it gives us visibility in terms of deals of not only deals we propose, but deals approval. pipeline matt the only thing i'd tell you is you know given you have a full understanding of public safety being you know a significant part of our business it is a long sales cycle in public safety which is a good thing for us because it gives us visibility in terms of deals of not only deals we propose but deals approval They go to county board, city commission, state budget office. they go to county board city commission state budget office So, we have a high degree of confidence that'll, in our outlook for the year. so we have a high degree of confidence that'll in our outlook for the year

Speaker 14: Thank you. Our next question will come from the line of Joseph Cardoso with JPMorgan. Joseph, your line is open. Thank you. thank you Our next question will come from the line of Joseph Cardoso with JP Morgan. our next question will come from the line of joseph cardoso with jp morgan Joseph, your line is open. joseph your line is open

Speaker 9: Hey, thanks for the question. Good evening, everyone. Maybe just wanted to circle back on Silvus. You know, it's great to see the upside to the outlook here. I mean, I'm just wondering if we could take a step back and really just touch on how you guys are seeing the opportunity pipeline build for this business relative to when we last spoke. The second aspect of that question is, as we considered your ability to capture this demand, can you talk about your manufacturing footprint here and how we should think about that as a potential gating factor, if at all, to potential further upside around this business? I have a follow-up. Thank you. Hey, thanks for the question. hey thanks for the question Good evening, everyone. good evening everyone Maybe just wanted to circle back on Silvus. maybe just wanted to circle back on silvus You know, it's great to see the upside to the outlook here. you know it's great to see the upside to the outlook here I mean, I'm just wondering if we could take a step back and really just touch on how you guys are seeing the opportunity pipeline build for this business relative to when we last spoke. i mean i'm just wondering if we could take a step back and really just touch on how you guys are seeing the opportunity pipeline build for this business relative to when we last spoke The second aspect of that question is, as we considered your ability to capture this demand, can you talk about your manufacturing footprint here and how we should think about that as a potential gating factor, if at all, to potential further upside around this business? the second aspect of that question is as we considered your ability to capture this demand can you talk about your manufacturing footprint here and how we should think about that as a potential gating factor if at all to potential further upside around this business I have a follow-up. i have a follow-up Thank you. thank you

Speaker 6: Yeah, I think it's, since we closed on Silvus in August of last year, as we sit here today, it's definitely exceeding our expectations. I think that what you're seeing in the print in Q1 and the overall guide to $750 million is a reflection of the increased investment that we're making in go-to-market. The sales force for Silvus is already doubled with Jack and his team making investments. We're seeing demand increase as well internationally. I think when you dimensionalize the $750 million annually, the majority of that is coming from international demand in multiple theaters. When we acquired it, we always thought it was best-in-class technology. Yeah, I think it's, since we closed on Silvus in August of last year, as we sit here today, it's definitely exceeding our expectations. yeah i think it's since we closed on silvus in august of last year as we sit here today it's definitely exceeding our expectations I think that what you're seeing in the print in Q1 and the overall guide to $750 million is a reflection of the increased investment that we're making in go-to-market. i think that what you're seeing in the print in q1 and the overall guide to $750 million is a reflection of the increased investment that we're making in go-to-market The sales force for Silvus is already doubled with Jack and his team making investments. the sales force for silvus is already doubled with jack and his team making investments We're seeing demand increase as well internationally. we're seeing demand increase as well internationally I think when you dimensionalize the $750 million annually, the majority of that is coming from international demand in multiple theaters. i think when you dimensionalize the $750 million annually the majority of that is coming from international demand in multiple theaters When we acquired it, we always thought it was best-in-class technology. when we acquired it we always thought it was best-in-class technology The other thing we're doing is putting more coals on the fire on R&D for differentiation and technology refresh, so we keep that lead and further extend our differentiation. The other thing we're doing is putting more coals on the fire on R&D for differentiation and technology refresh, so we keep that lead and further extend our differentiation. the other thing we're doing is putting more coals on the fire on r&d for differentiation and technology refresh so we keep that lead and further extend our differentiation

Speaker 7: Yeah, and just to build on that, Greg, if you think about it, there's really three facets in R&D. Number one, it's a spectrum-dominant software, which is ultimately Silvus' secret sauce. It's what differentiates us to the other MANET providers in the world of electronic warfare, very critical. The second thing from an R&D standpoint is we've had a big focus on reduction of size, weight, and power. In January, we introduced the StreamCaster 5200, which has gotten rave reviews not only in the DoD but also within the NATO space, and that is now our smallest full-featured MANET radio. Then the last thing is the spectrum sensing capability. Yeah, and just to build on that, Greg, if you think about it, there's really three facets in R&D. yeah and just to build on that greg if you think about it there's really three facets in r&d Number one, it's a spectrum-dominant software, which is ultimately Silvus' secret sauce. number one it's a spectrum-dominant software which is ultimately silvus' secret sauce It's what differentiates us to the other MANET providers in the world of electronic warfare, very critical. it's what differentiates us to the other manet providers in the world of electronic warfare very critical The second thing from an R&D standpoint is we've had a big focus on reduction of size, weight, and power. the second thing from an r&d standpoint is we've had a big focus on reduction of size weight and power In January, we introduced the StreamCaster 5200, which has gotten rave reviews not only in the DoD but also within the NATO space, and that is now our smallest full-featured MANET radio. in january we introduced the streamcaster 5200 which has gotten rave reviews not only in the dod but also within the nato space and that is now our smallest full-featured manet radio Then the last thing is the spectrum sensing capability. then the last thing is the spectrum sensing capability When you think about counter-UAS, this is a handheld tactical radio at the edge that can sense RF and has spectrum awareness. For the modern war fighter and what's happening in various theaters around the world, it's also being used there. We're really pleased. I think the last thing, we talked about investment, Greg nailed the go-to-market, is we have already increased our supply capacity in California. I will you know, we're gonna let you know, we've talked, we're gonna be adding a geo-redundant site that will bring on incremental capacity in 2027. When you think about counter-UAS, this is a handheld tactical radio at the edge that can sense RF and has spectrum awareness. when you think about counter-uas this is a handheld tactical radio at the edge that can sense rf and has spectrum awareness For the modern war fighter and what's happening in various theaters around the world, it's also being used there. for the modern war fighter and what's happening in various theaters around the world it's also being used there We're really pleased. we're really pleased I think the last thing, we talked about investment, Greg nailed the go-to-market, is we have already increased our supply capacity in California. i think the last thing we talked about investment greg nailed the go-to-market is we have already increased our supply capacity in california I will you know, we're gonna let you know, we've talked, we're gonna be adding a geo-redundant site that will bring on incremental capacity in 2027. i will you know we're gonna let you know we've talked we're gonna be adding a geo-redundant site that will bring on incremental capacity in 2027

Speaker 8: The other place you'll see our expectations having increased for Silvus is in the earn-out that we structured, which is a win-win. We mentioned on the call that it's gone up to be now an expected payout of just over $100 million. That reflects the increase in what we expect the business to perform under the earn-out structure, so aligned there as well. The other place you'll see our expectations having increased for Silvus is in the earn-out that we structured, which is a win-win. the other place you'll see our expectations having increased for silvus is in the earn-out that we structured which is a win-win We mentioned on the call that it's gone up to be now an expected payout of just over $100 million. we mentioned on the call that it's gone up to be now an expected payout of just over $100 million That reflects the increase in what we expect the business to perform under the earn-out structure, so a ligned there as well. that reflects the increase in what we expect the business to perform under the earn-out structure, so a ligned there as well

Speaker 9: No, that's awesome color, guys. I appreciate all of that. Then maybe, Greg, last quarter, I think you talked about your expectations to expand product backlog exiting 2026. I mean, as we sit here today, product backlog is already, you know, at a excellent point for you to execute on that. Maybe just given kind of, I mean, you've somewhat already talked about a lot of these or talked about the kind of the demand you're seeing and the momentum in the business. As you sit here today relative to 90-days ago and that expectation around kind of building backlog through the year, you know, how are you feeling, better or worse, you know, in terms of achieving that? Any sense of direction there would be great and kind of the drivers behind it. No, that's awesome color, guys. no that's awesome color guys I appreciate all of that. i appreciate all of that Then maybe, Greg, last quarter, I think you talked about your expectations to expand product backlog exiting 2026. then maybe greg last quarter i think you talked about your expectations to expand product backlog exiting 2026 I mean, as we sit here today, product backlog is already, you know, at a excellent point for you to execute on that. i mean as we sit here today product backlog is already you know at a excellent point for you to execute on that Maybe just given kind of, I mean, you've somewhat already talked about a lot of these or talked about the kind of the demand you're seeing and the momentum in the business. maybe just given kind of i mean you've somewhat already talked about a lot of these or talked about the kind of the demand you're seeing and the momentum in the business As you sit here today relative to 90- days ago and that expectation around kind of building backlog through the year, you know, how are you feeling, better or worse, you know, in terms of achieving that? as you sit here today relative to 90- days ago and that expectation around kind of building backlog through the year you know how are you feeling better or worse you know in terms of achieving that Any sense of direction there would be great and kind of the drivers behind it. any sense of direction there would be great and kind of the drivers behind it

Speaker 6: From 90-days ago, stronger. Stronger because, as you recall, Joe, I guided last call, I gave color that I actually thought product backlog would decline. It didn't decline, it increased sequentially. It increased because, yes, in part to Silvus, but also public safety LMR and a little bit of Video. That was a pleasant surprise that obviously increases the floor, gives us more confidence. In addition to that, Q1 is not only record backlog but record orders. Between those two records and product backlog coming in stronger than expected, yes, I and we feel better. I think the rhythm of the business is good across the portfolio. You saw the start to Video, 16%, Command Center, 27%. We incrementally increased as part of the $100 million, $12.7 billion to $12.8 billion, the guidance around Mission Critical Networks. From 90- days ago, stronger. from 90- days ago stronger Stronger because, as you recall, Joe, I guided last call, I gave color that I actually thought product backlog would decline. stronger because as you recall joe i guided last call i gave color that i actually thought product backlog would decline It didn't decline, it increased sequentially. it didn't decline it increased sequentially It increased because, yes, in part to Silvus, but also public safety LMR and a little bit of Video. it increased because yes in part to silvus but also public safety lmr and a little bit of video That was a pleasant surprise that obviously increases the floor, gives us more confidence. that was a pleasant surprise that obviously increases the floor gives us more confidence In addition to that, Q1 is not only record backlog but record orders. in addition to that q1 is not only record backlog but record orders Between those two records and product backlog coming in stronger than expected, yes, I and we feel better. between those two records and product backlog coming in stronger than expected yes i and we feel better I think the rhythm of the business is good across the portfolio. i think the rhythm of the business is good across the portfolio You saw the start to Video, 16%, Command Center, 27%. you saw the start to video 16% command center 27% We incrementally increased as part of the $100 million, $12.7 billion to $12.8 billion, the guidance around Mission Critical Networks. we incrementally increased as part of the $100 million $12.7 billion to $12.8 billion the guidance around mission critical networks When I think across all three technologies and both segments, Joe, I feel good. I feel very good about where we are, the pipeline in front of us, and the visibility we have. We have to execute. We'll stay focused on that. Yeah, it was a pleasant surprise, and I think it's a reflection of the durability and longevity of LMR, which is foundational. The ecosystem with AI being connected throughout all product emergency workflows, and we're seeing that resonate with our customers. The Summit feedback was outstanding just a few weeks ago in Orlando. Product backlog end of year, I expect it to be at comparably strong levels from where we are now. When I think across all three technologies and both segments, Joe, I feel good. when i think across all three technologies and both segments joe i feel good I feel very good about where we are, the pipeline in front of us, and the visibility we have. i feel very good about where we are the pipeline in front of us and the visibility we have We have to execute. we have to execute We'll stay focused on that. we'll stay focused on that Yeah, it was a pleasant surprise, and I think it's a reflection of the durability and longevity of LMR, which is foundational. yeah it was a pleasant surprise and i think it's a reflection of the durability and longevity of lmr which is foundational The ecosystem with AI being connected throughout all product emergency workflows, and we're seeing that resonate with our customers. the ecosystem with ai being connected throughout all product emergency workflows and we're seeing that resonate with our customers The Summit feedback was outstanding just a few weeks ago in Orlando. the summit feedback was outstanding just a few weeks ago in orlando Product backlog end of year, I expect it to be at comparably strong levels from where we are now. product backlog end of year i expect it to be at comparably strong levels from where we are now

Speaker 9: No, that's great to hear. Thanks for the questions. No, that's great to hear. no that's great to hear Thanks for the questions. thanks for the questions

Speaker 6: Thank you. Thank you. thank you

Speaker 14: Thank you. Our question now comes from the line of Keith Housum with Northcoast Research. Your line is open. Thank you. thank you Our question now comes from the line of Keith Housum with Northcoast Research. our question now comes from the line of keith housum with northcoast research Your line is open. your line is open

Speaker 10: Good afternoon, guys. Hey, Jason, can you remind me, your Software and Services number, how much of that is recurring rev? What's the percentage as a recurring? Good afternoon, guys. good afternoon guys Hey, Jason, can you remind me, your Software and Services number, how much of that is recurring rev? hey jason can you remind me your software and services number how much of that is recurring rev What's the percentage as a recurring? what's the percentage as a recurring

Speaker 8: We view and have asserted that Software and Services is our proxy for recurring. Sorry, Keith. Really, in our view, the definition of it is, it is recurring. We view and have asserted that Software and Services is our proxy for recurring. we view and have asserted that software and services is our proxy for recurring Sorry, Keith. sorry keith Really, in our view, the definition of it is, it is recurring. really in our view the definition of it is it is recurring

Speaker 10: Okay. What we see here in this quarter is really a significant step up year-over-year, and that will be able to carry that through for the rest of the year, the growth that we're seeing, correct? Okay. okay What we see here in this quarter is really a significant step up year-over-year, and that will be able to carry that through for the rest of the year, the growth that we're seeing, correct? what we see here in this quarter is really a significant step up year-over-year and that will be able to carry that through for the rest of the year the growth that we're seeing correct

Speaker 8: Well, we've got it to S&S performance being a little less than the 18% it started off at. As we mentioned on the Command Center side, there are some activations that come with a recurring true up. We mentioned those three to four with Tier 1 cities that are large, that were in the Command Center, Keith. Those are now live, and that was in part what was in the 27% as well as in the 18%. We are very excited about the growth prospect of S&S as we look forward. Well, we've got it to S&S performance being a little less than the 18% it started off at. well we've got it to s&s performance being a little less than the 18% it started off at As we mentioned on the Command Center side, there are some activations that come with a recurring true up. as we mentioned on the command center side there are some activations that come with a recurring true up We mentioned those three to four with Tier 1 cities that are large, that were in the Command Center, Keith. we mentioned those three to four with tier 1 cities that are large that were in the command center keith Those are now live, and that was in part what was in the 27% as well as in the 18%. those are now live and that was in part what was in the 27% as well as in the 18% We are very excited about the growth prospect of S&S as we look forward. we are very excited about the growth prospect of s&s as we look forward

Speaker 10: Okay. Appreciate that. Do you guys still expect double-digit growth, order growth for the year? I think that was commentary you guys provided last quarter. Okay. okay Appreciate that. appreciate that Do you guys still expect double-digit growth, order growth for the year? do you guys still expect double-digit growth order growth for the year I think that was commentary you guys provided last quarter. i think that was commentary you guys provided last quarter

Speaker 8: Yep. Yep. Yep. yep Yep. yep

Speaker 10: Okay. Great. Thanks, guys. Turn it back over. Okay. okay Great. great Thanks, guys. thanks guys Turn it back over. turn it back over

Speaker 8: Thank you, Keith. Thank you, Keith. thank you keith

Speaker 14: Our next question comes from Ben Bollin with Cleveland. Your line is open. Our next question comes from Ben Bollin with Cleveland. our next question comes from ben bollin with cleveland Your line is open. your line is open

Speaker 3: Thank you. Good afternoon, everyone. I appreciate you taking the questions. Greg, I was hoping you could comment, or Jack, a little bit about what you see happening with the timing of Congress passing funding for DHS. Any influence on the backlog rev rec during the quarter or how that flows through to the model for the remainder of the year? Thank you. thank you Good afternoon, everyone. good afternoon everyone I appreciate you taking the questions. i appreciate you taking the questions Greg, I was hoping you could comment, or Jack, a little bit about what you see happening with the timing of Congress passing funding for DHS. greg i was hoping you could comment or jack a little bit about what you see happening with the timing of congress passing funding for dhs Any influence on the backlog rev rec during the quarter or how that flows through to the model for the remainder of the year? any influence on the backlog rev rec during the quarter or how that flows through to the model for the remainder of the year

Speaker 7: Yeah, Ben. No, we are monitoring obviously what's happening in D.C. Our Listen, as it relates to federal, we had a great 2025. We expect growth, comparable growth in 2026. You think about it, everybody, all agencies are funded except for ICE and CBP, who basically have a pretty significant budget tailwind through the One Big Beautiful Bill Act, and I think that's important to point out. I would also remind you that we had a $148 million DHS order in Q1 that was funded through the OBBB Act, not only an APX NEXT, but also an SVX order tethered to that. As we play it forward, we think we are in a great budget situation with the federal government. Yeah, Ben. yeah ben No, we are monitoring obviously what's happening in D.C. no we are monitoring obviously what's happening in d.c Our Listen, as it relates to federal, we had a great 2025. our listen as it relates to federal we had a great 2025 We expect growth, comparable growth in 2026. we expect growth comparable growth in 2026 You think about it, everybody, all agencies are funded except for ICE and CBP, who basically have a pretty significant budget tailwind through the One Big Beautiful Bill Act, and I think that's important to point out. you think about it everybody all agencies are funded except for ice and cbp who basically have a pretty significant budget tailwind through the one big beautiful bill act and i think that's important to point out I would also remind you that we had a $148 million DHS order in Q1 that was funded through the OBBB Act, not only an APX NEXT, but also an SVX order tethered to that. i would also remind you that we had a $148 million dhs order in q1 that was funded through the obbb act not only an apx next but also an svx order tethered to that As we play it forward, we think we are in a great budget situation with the federal government. as we play it forward we think we are in a great budget situation with the federal government We're always monitoring what happens in D.C., but we think it's immaterial, and we think this, It's all implied within our guide for 2026. We're always monitoring what happens in D.C., but we think it's immaterial, and we think this, It's all implied within our guide for 2026. we're always monitoring what happens in d.c but we think it's immaterial and we think this it's all implied within our guide for 2026

Speaker 3: A follow-up. When we think about near-term opportunity associated with World Cup, how should we think about that capture opportunity or the incrementality of that for 2Q and beyond? A follow-up. a follow-up When we think about near-term opportunity associated with World Cup, how should we think about that capture opportunity or the incrementality of that for 2Q and beyond? when we think about near-term opportunity associated with world cup how should we think about that capture opportunity or the incrementality of that for 2q and beyond

Speaker 7: Sure. We've had I'd just remind everybody with the World Cup, we're working with all those cities, we've generated business in all those cities. A lot of that, more than half of that money was earmarked for counter-UAS systems that were not in place in the stadiums. With the other monies that were available, we have seen APX NEXT refreshes. We've seen a significant, this is important, a significant amount of business for us within the SmartConnect. Think about it connecting public safety to private stadium systems. We've had business there. All of that has been generally conducive, it hasn't been a big driver of the business. In fact, it's been about $40 million all in, with the World Cup city sites. Sure. sure We've had I'd just remind everybody with the World Cup, we're working with all those cities, we've generated business in all those cities. we've had i'd just remind everybody with the world cup we're working with all those cities we've generated business in all those cities A lot of that, more than half of that money was earmarked for counter-UAS systems that were not in place in the stadiums. a lot of that more than half of that money was earmarked for counter-uas systems that were not in place in the stadiums With the other monies that were available, we have seen APX NEXT refreshes. with the other monies that were available we have seen apx next refreshes We've seen a significant, this is important, a significant amount of business for us within the SmartConnect. we've seen a significant this is important a significant amount of business for us within the smartconnect Think about it connecting public safety to private stadium systems. think about it connecting public safety to private stadium systems We've had business there. we've had business there All of that has been generally conducive, it hasn't been a big driver of the business. all of that has been generally conducive it hasn't been a big driver of the business In fact, it's been about $40 million all in, with the World Cup city sites. in fact it's been about $40 million all in with the world cup city sites

Speaker 3: Thanks, Jack. Thanks, Jack. thanks jack

Speaker 14: Thank you. Our next question will be from Andrew Spinola with UBS. Your line is now open. Thank you. thank you Our next question will be from Andrew Spinola with UBS. our next question will be from andrew spinola with ubs Your line is now open. your line is now open

Speaker 2: Thank you. I think you had another fairly large SVX win this quarter in the press release in your federal business. Wondering if you can just comment on the momentum in that, the SVX product line, and specifically highlight, you know, why you're so bullish on the federal business, what you're seeing there, and what that opportunity looks like? Thank you. thank you I think you had another fairly large SVX win this quarter in the press release in your federal business. i think you had another fairly large svx win this quarter in the press release in your federal business Wondering if you can just comment on the momentum in that, the SVX product line, and specifically highlight, you know, why you're so bullish on the federal business, what you're seeing there, and what that opportunity looks like? wondering if you can just comment on the momentum in that the svx product line and specifically highlight you know why you're so bullish on the federal business what you're seeing there and what that opportunity looks like

Speaker 7: Sure. You know, we've said the market wants an alternative. We're really excited, but I think we're more excited because of the demand signals we're seeing from our customers. To your point, we secured a significant DHS order, as I just alluded to with SVX tethered with APX NEXT. To date now, we've seen 100 customers with SVX, and I think the most important metric that we're following is 30% of those customers are utilizing Video. We've completed some deployments, namely Arlington, Texas. By the way, that's a World Cup site. Buckeye, Arizona, and Marion County, Florida as well. Playing it forward, we're monitoring weekly the pipeline. We've got hundreds of quotes out to customers that want an alternative, and they're looking to continue. Sure. sure You know, we've said the market wants an alternative. you know we've said the market wants an alternative We're really excited, but I think we're more excited because of the demand signals we're seeing from our customers. we're really excited but i think we're more excited because of the demand signals we're seeing from our customers To your point, we secured a significant DHS order, as I just alluded to with SVX tethered with APX NEXT. to your point we secured a significant dhs order as i just alluded to with svx tethered with apx next To date now, we've seen 100 customers with SVX, and I think the most important metric that we're following is 30% of those customers are utilizing Video. to date now we've seen 100 customers with svx and i think the most important metric that we're following is 30% of those customers are utilizing video We've completed some deployments, namely Arlington, Texas. we've completed some deployments namely arlington texas By the way, that's a World Cup site. by the way that's a world cup site Buckeye, Arizona, and Marion County, Florida as well. buckeye arizona and marion county florida as well Playing it forward, we're monitoring weekly the pipeline. playing it forward we're monitoring weekly the pipeline We've got hundreds of quotes out to customers that want an alternative, and they're looking to continue. we've got hundreds of quotes out to customers that want an alternative and they're looking to continue Our sales team continues to look to work to seed the device into the marketplace. Just the 30 customers utilizing Video are doing so with AI Assist. Oftentimes, as you know, we're doing it with one device, not two, 'cause it's converged with the body cam and the remote speaker mic. We're doing it with compelling total cost of ownership, which is much more affordable and attractive. By the way, we're doing it now and can move back-end data pretty easily in a matter of depending upon the size of the repository. Our sales team continues to look to work to seed the device into the marketplace. our sales team continues to look to work to seed the device into the marketplace Just the 30 customers utilizing Video are doing so with AI Assist. just the 30 customers utilizing video are doing so with ai assist Oftentimes, as you know, we're doing it with one device, not two, 'cause it's converged with the body cam and the remote speaker mic. oftentimes as you know we're doing it with one device not two 'cause it's converged with the body cam and the remote speaker mic We're doing it with compelling total cost of ownership, which is much more affordable and attractive. we're doing it with compelling total cost of ownership which is much more affordable and attractive By the way, we're doing it now and can move back-end data pretty easily in a matter of depending upon the size of the repository. by the way we're doing it now and can move back-end data pretty easily in a matter of depending upon the size of the repository We can easily switch a customer with the incumbent provider over to Motorola Solutions with SVX and Assist and migrate that back-end data and all of evidence management, since it's owned by the customer, in a matter of many times weeks and sometimes a couple of months. We are doing it now on a regular basis. We can easily switch a customer with the incumbent provider over to Motorola Solutions with SVX and Assist and migrate that back-end data and all of evidence management, since it's owned by the customer, in a matter of many times weeks and sometimes a couple of months. we can easily switch a customer with the incumbent provider over to motorola solutions with svx and assist and migrate that back-end data and all of evidence management since it's owned by the customer in a matter of many times weeks and sometimes a couple of months We are doing it now on a regular basis. we are doing it now on a regular basis

Speaker 11: Maybe related to that as well, with Narrative Assist that's attached to our Command Center records management platform today, just compared to December, we have seen an 800% increase in the number of completed reports that are generated with Assist. The adoption of these technologies has also increased quite dramatically. Maybe related to that as well, with Narrative Assist that's attached to our Command Center records management platform today, just compared to December, we have seen an 800% increase in the number of completed reports that are generated with Assist. maybe related to that as well with narrative assist that's attached to our command center records management platform today just compared to december we have seen an 800% increase in the number of completed reports that are generated with assist The adoption of these technologies has also increased quite dramatically. the adoption of these technologies has also increased quite dramatically

Speaker 2: Interesting. Just one other question, one follow-up, separate question. Thinking through Q1 to Q2 trends in Mission Critical on the product side, you know, how should we think about Silvus in general? Obviously, it's in a pretty strong growth ramp. Is there any reason to think that there's, you know, either seasonality from quarter to quarter, or was Q1 stronger? You know, how should we think about modeling that in Q2? Interesting. interesting Just one other question, one follow-up, separate question. just one other question one follow-up separate question Thinking through Q1 to Q2 trends in Mission Critical on the product side, you know, how should we think about Silvus in general? thinking through q1 to q2 trends in mission critical on the product side you know how should we think about silvus in general Obviously, it's in a pretty strong growth ramp. obviously it's in a pretty strong growth ramp Is there any reason to think that there's, you know, either seasonality from quarter to quarter, or was Q1 stronger? is there any reason to think that there's you know either seasonality from quarter to quarter or was q1 stronger You know, how should we think about modeling that in Q2? you know how should we think about modeling that in q2

Speaker 6: Well, I would first say, you know, again, demand is strong and orders are strong. We talked about the additional investments in go-to-market and R&D and the capacity expansion that Malloy's team is taking. I think when you take a look and step out and look annually, it isn't exactly a linear business. Projects are an important part of this business, which, you know, don't necessarily allow you to take a quarter and just extrapolate times four. We do feel good about the shape of the year. We continue to invest. At the end of the day, as we sit here in May, it's I consider, and we consider the guide prudent, and we'll update you again in August. Demand is really strong. Well, I would first say, you know, again, demand is strong and orders are strong. well i would first say you know again demand is strong and orders are strong We talked about the additional investments in go-to-market and R&D and the capacity expansion that Malloy's team is taking. we talked about the additional investments in go-to-market and r&d and the capacity expansion that malloy's team is taking I think when you take a look and step out and look annually, it isn't exactly a linear business. i think when you take a look and step out and look annually it isn't exactly a linear business Projects are an important part of this business, which, you know, don't necessarily allow you to take a quarter and just extrapolate times four. projects are an important part of this business which you know don't necessarily allow you to take a quarter and just extrapolate times four We do feel good about the shape of the year. we do feel good about the shape of the year We continue to invest. we continue to invest At the end of the day, as we sit here in May, it's I consider, and we consider the guide prudent, and we'll update you again in August. at the end of the day as we sit here in may it's i consider and we consider the guide prudent and we'll update you again in august Demand is really strong. demand is really strong

Speaker 2: Thanks. Thanks. thanks

Speaker 6: Thanks, Andrew. Thanks, Andrew. thanks andrew

Speaker 14: Great. Our next question will come from George Notter with Wolfe Research. George, your line is open. Great. great Our next question will come from George Notter with Wolfe Research. our next question will come from george notter with wolfe research George, your line is open. george your line is open

Speaker 5: Hey, guys. Thanks very much. I was just curious about, the backlog metrics look really good. I'm wondering if there's any change in the duration of orders, you know, anything that might help kind of skew that backlog metric up. I'm just trying to understand how much I can rely on that backlog metric as a gauge for future growth. Thanks. Hey, guys. hey guys Thanks very much. thanks very much I was just curious about, the backlog metrics look really good. i was just curious about the backlog metrics look really good I'm wondering if there's any change in the duration of orders, you know, anything that might help kind of skew that backlog metric up. i'm wondering if there's any change in the duration of orders you know anything that might help kind of skew that backlog metric up I'm just trying to understand how much I can rely on that backlog metric as a gauge for future growth. i'm just trying to understand how much i can rely on that backlog metric as a gauge for future growth Thanks. thanks

Speaker 8: No change to where we were positioned on the backlog, from this point last year, both in terms of when we expect it to shift, George, but also the duration on things like S&S, which you know is a multi-year. We look at backlog as a function of informing our guide, as well as looking forward to what we will earn in orders, quick turn, which is also an important part. Again, much like last year, our setup here as we sit here today is for a strong backlog position complemented by continued strong orders, is what's informing our guide and our raise. No change to where we were positioned on the backlog, from this point last year, both in terms of when we expect it to shift, George, but also the duration on things like S&S, which you know is a multi-year. no change to where we were positioned on the backlog from this point last year both in terms of when we expect it to shift george but also the duration on things like s&s which you know is a multi-year We look at backlog as a function of informing our guide, as well as looking forward to what we will earn in orders, quick turn, which is also an important part. we look at backlog as a function of informing our guide as well as looking forward to what we will earn in orders quick turn which is also an important part Again, much like last year, our setup here as we sit here today is for a strong backlog position complemented by continued strong orders, is what's informing our guide and our raise. again much like last year our setup here as we sit here today is for a strong backlog position complemented by continued strong orders is what's informing our guide and our raise

Speaker 5: Okay. Super. That's great. One other one. I was just curious about the Bell Canada LMR acquisition. Any sense for what that would look like financially? Is it accretive? How much revenue would that drive? Anything else you can tell us there would be great. Okay. okay Super. super That's great. that's great One other one. one other one I was just curious about the Bell Canada LMR acquisition. i was just curious about the bell canada lmr acquisition Any sense for what that would look like financially? any sense for what that would look like financially Is it accretive? is it accretive How much revenue would that drive? how much revenue would that drive Anything else you can tell us there would be great. anything else you can tell us there would be great

Speaker 8: Well, it'll bring to us approximately $100 million of the recurring services, managed services, operations, which you know that we do elsewhere, across the globe. It's a number of underlying customers. There's potential to serve those customers better and deeper in other areas. The starting point is the $100 million of recurring Managed Services business, which again, we expect to close that in Q4. We'll have some more details on that as we close. Well, it'll bring to us approximately $100 million of the recurring services, managed services, operations, which you know that we do elsewhere, across the globe. well it'll bring to us approximately $100 million of the recurring services managed services operations which you know that we do elsewhere across the globe It's a number of underlying customers. it's a number of underlying customers There's potential to serve those customers better and deeper in other areas. there's potential to serve those customers better and deeper in other areas The starting point is the $100 million of recurring Managed Services business, which again, we expect to close that in Q4. the starting point is the $100 million of recurring managed services business which again we expect to close that in q4 We'll have some more details on that as we close. we'll have some more details on that as we close

Speaker 5: Thanks. Appreciate it. Thanks. thanks Appreciate it. appreciate it

Speaker 14: Thank you. Our question now comes from Meta Marshall with Morgan Stanley. Your line is now open. Thank you. thank you Our question now comes from Meta Marshall with Morgan Stanley. our question now comes from meta marshall with morgan stanley Your line is now open. your line is now open

Speaker 13: Great. thanks so much. appreciate the question. Just maybe a question just in terms of kind of what was driving some of the strength that you saw in Video in the quarter, that would be helpful, and maybe as a starting point. Great. thanks so much. appreciate the question. great thanks so much appreciate the question Just maybe a question just in terms of kind of what was driving some of the strength that you saw in Video in the quarter, that would be helpful, and maybe as a starting point. just maybe a question just in terms of kind of what was driving some of the strength that you saw in video in the quarter that would be helpful and maybe as a starting point

Speaker 8: As I mentioned earlier, Meta, we're pleased with our video performance, both in orders and sales. We had strong camera sales, which you can see in the products number. We had strong Unity sales. SVX, which we mentioned, and Jack highlighted some of those deals, is a driver as well. Overall strong performance in video to start the year. As I mentioned earlier, Meta, we're pleased with our video performance, both in orders and sales. as i mentioned earlier meta we're pleased with our video performance both in orders and sales We had strong camera sales, which you can see in the products number. we had strong camera sales which you can see in the products number We had strong Unity sales. we had strong unity sales SVX, which we mentioned, and Jack highlighted some of those deals, is a driver as well. svx which we mentioned and jack highlighted some of those deals is a driver as well Overall strong performance in video to start the year. overall strong performance in video to start the year

Speaker 13: Got it. Then just, apologies if this has already been asked, just in terms of kind of thinking about LMR product for the remainder of the year, just in terms of kind of, you know, now that we're past some of the tougher comps, just how to think about that. Thanks. Got it. got it Then just, apologies if this has already been asked, just in terms of kind of thinking about LMR product for the remainder of the year, just in terms of kind of, you know, now that we're past some of the tougher comps, just how to think about that. then just apologies if this has already been asked just in terms of kind of thinking about lmr product for the remainder of the year just in terms of kind of you know now that we're past some of the tougher comps just how to think about that Thanks. thanks

Speaker 6: Yeah. We talked about some of the double-digit comps from previous Q1s of a couple of years. I think to this quarter and probably, Meta, next quarter as well, next quarter will complete what we believe is the normalization post semiconductors supply. We expect more robust growth in the back half of the year. And when you think about organic growth, primarily grounded in Mission Critical Networks and LMR, we expect it to be stronger annually for the full year 2026 over 2025, and we like the double-digit orders for product and the pipeline that Jack's team continues to provide. I feel very good about the position of Mission Critical Networks and specifically LMR underneath it. Yeah. yeah We talked about some of the double-digit comps from previous Q1s of a couple of years. we talked about some of the double-digit comps from previous q1s of a couple of years I think to this quarter and probably, Meta, next quarter as well, next quarter will complete what we believe is the normalization post semiconductors supply. i think to this quarter and probably meta next quarter as well next quarter will complete what we believe is the normalization post semiconductors supply We expect more robust growth in the back half of the year. we expect more robust growth in the back half of the year And when you think about organic growth, primarily grounded in Mission Critical Networks and LMR, we expect it to be stronger annually for the full year 2026 over 2025, and we like the double-digit orders for product and the pipeline that Jack's team continues to provide. and when you think about organic growth primarily grounded in mission critical networks and lmr we expect it to be stronger annually for the full year 2026 over 2025 and we like the double-digit orders for product and the pipeline that jack's team continues to provide I feel very good about the position of Mission Critical Networks and specifically LMR underneath it. i feel very good about the position of mission critical networks and specifically lmr underneath it

Speaker 13: Great. Thanks so much. Great. great Thanks so much. thanks so much

Speaker 6: Thank you. Thank you. thank you

Speaker 14: Our next question comes from the line of Tomer Zilberman with Bank of America Securities. Your line is open. Our next question comes from the line of Tomer Zilberman with Bank of America Securities. our next question comes from the line of tomer zilberman with bank of america securities Your line is open. your line is open

Speaker 17: Hey, guys. Maybe another question on the competitive landscape. Axon announced that they're entering the 911 call center markets through two acquisitions. I think that was just about a month ago. I guess the question really is: How do you see that landscape of Command Center evolving?And is there any concerns that they're gonna be a lot more competitive given you kind of already interact with them in the mobile body-worn camera market? Hey, guys. hey guys Maybe another question on the competitive landscape. maybe another question on the competitive landscape Axon announced that they're entering the 911 call center markets through two acquisitions. axon announced that they're entering the 911 call center markets through two acquisitions I think that was just about a month ago. i think that was just about a month ago I guess the question really is: How do you see that landscape of Command Center evolving?A nd is there any concerns that they're gonna be a lot more competitive given you kind of already interact with them in the mobile body-worn camera market? i guess the question really is how do you see that landscape of command center evolving?a nd is there any concerns that they're gonna be a lot more competitive given you kind of already interact with them in the mobile body-worn camera market

Speaker 6: Well, I mean, we could tag team it, but my view is, to date, we haven't seen a material change in the competitive landscape. I'm well aware of what they announced, and, suffice to say that, you know, we had visibility and opportunities as well, but we like what we have. We like what we're building. We like the fact that we're in over 60% of the 6,000 public safety answering points today. We like the fact that we have the widest and broadest portfolio. Remember, we you wanna do prem, you can do prem. You wanna do cloud, you can do cloud. We also not just do both, we give you a hybrid solution to allow you to migrate from one to the other. That's unique in the market, and no one else provides that. Well, I mean, we could tag team it, but my view is, to date, we haven't seen a material change in the competitive landscape. well i mean we could tag team it but my view is to date we haven't seen a material change in the competitive landscape I'm well aware of what they announced, and, suffice to say that, you know, we had visibility and opportunities as well, but we like what we have. i'm well aware of what they announced and, suffice to say that you know we had visibility and opportunities as well but we like what we have We like what we're building. we like what we're building We like the fact that we're in over 60% of the 6,000 public safety answering points today. we like the fact that we're in over 60% of the 6,000 public safety answering points today We like the fact that we have the widest and broadest portfolio. we like the fact that we have the widest and broadest portfolio Remember, we you wanna do prem, you can do prem. remember we you wanna do prem you can do prem You wanna do cloud, you can do cloud. you wanna do cloud you can do cloud We also not just do both, we give you a hybrid solution to allow you to migrate from one to the other. we also not just do both we give you a hybrid solution to allow you to migrate from one to the other That's unique in the market, and no one else provides that. that's unique in the market and no one else provides that When you overlay AI Assist, a lot of people talk about AI, but we've been more quiet, but pretty pervasively intentional of putting it throughout our portfolio into the role-based suites. We announced Responder. We announced Dispatcher. Just think about the way Mahesh's team is embedding AI through all of public safety emergency workflow. When you look at it from a voice standpoint and the success we've had with SVX, and Video being activated with Assist in a little over 30% of those, I very much like the position we're in. When you overlay AI Assist, a lot of people talk about AI, but we've been more quiet, but pretty pervasively intentional of putting it throughout our portfolio into the role-based suites. when you overlay ai assist a lot of people talk about ai but we've been more quiet but pretty pervasively intentional of putting it throughout our portfolio into the role-based suites We announced Responder. we announced responder We announced Dispatcher. we announced dispatcher Just think about the way Mahesh's team is embedding AI through all of public safety emergency workflow. just think about the way mahesh's team is embedding ai through all of public safety emergency workflow When you look at it from a voice standpoint and the success we've had with SVX, and Video being activated with Assist in a little over 30% of those, I very much like the position we're in. when you look at it from a voice standpoint and the success we've had with svx and video being activated with assist in a little over 30% of those i very much like the position we're in

Speaker 11: The other thing to emphasize here, Tomer, is that we're not just a over-the-top solution here. Remember, a PSAP has three significant applications. There's 911, there's CAD, and there are consoles. One of the things we're doing with Assist, which is encompassed in the Dispatcher Suite, is to address the connectivity via AI among those three. As I mentioned before, every one of our VESTA NXT sales last quarter went with the Assist Dispatcher Suite. That's a very important element of it. The other thing I'll say is that, at Summit this year, we had a record number of attendees. The other thing to emphasize here, Tomer, is that we're not just a over-the-top solution here. the other thing to emphasize here tomer is that we're not just a over-the-top solution here Remember, a PSAP has three significant applications. remember a psap has three significant applications There's 911, there's CAD, and there are consoles. there's 911 there's cad and there are consoles One of the things we're doing with Assist, which is encompassed in the Dispatcher Suite, is to address the connectivity via AI among those three. one of the things we're doing with assist which is encompassed in the dispatcher suite is to address the connectivity via ai among those three As I mentioned before, every one of our VESTA NXT sales last quarter went with the Assist Dispatcher Suite. as i mentioned before every one of our vesta nxt sales last quarter went with the assist dispatcher suite That's a very important element of it. that's a very important element of it The other thing I'll say is that, at Summit this year, we had a record number of attendees. the other thing i'll say is that at summit this year we had a record number of attendees We had double the number of AI breakout sessions that we had previously. It was centered around really pushing the notion of the connectivity that Assist brings to bear across our applications, almost exactly like Greg explained. We also introduced Hyper at Summit. Hyper was received incredibly well, bringing non-emergency call automation into the mix. Hyper is also now tightly integrated with our 911 solutions as well. When you think about it, Assist and AI is not just an over-the-top thing for us. It is really the fabric with which our applications and our ecosystem function together. I think we're competitively set up quite well. We had double the number of AI breakout sessions that we had previously. we had double the number of ai breakout sessions that we had previously It was centered around really pushing the notion of the connectivity that Assist brings to bear across our applications, almost exactly like Greg explained. it was centered around really pushing the notion of the connectivity that assist brings to bear across our applications almost exactly like greg explained We also introduced Hyper at Summit. we also introduced hyper at summit Hyper was received incredibly well, bringing non-emergency call automation into the mix. hyper was received incredibly well bringing non-emergency call automation into the mix Hyper is also now tightly integrated with our 911 solutions as well. hyper is also now tightly integrated with our 911 solutions as well When you think about it, Assist and AI is not just an over-the-top thing for us. when you think about it assist and ai is not just an over-the-top thing for us It is really the fabric with which our applications and our ecosystem function together. it is really the fabric with which our applications and our ecosystem function together I think we're competitively set up quite well. i think we're competitively set up quite well

Speaker 17: Got it. Thanks. Got it. got it Thanks. thanks

Speaker 6: Thanks, Tomer. Thanks, Tomer. thanks tomer

Speaker 14: Once again if you have a question, you may press star five on your telephone keypad. Our next question will come from Ryan Abbott with Piper Sandler. Once again if you have a question, you may press star five on your telephone keypad. Our next question will come from Ryan Abbott with Piper Sandler. once again if you have a question, you may press star five on your telephone keypad. our next question will come from ryan abbott with piper sandler

Speaker 15: Hi, guys. Thanks for taking my question. One for Jim Fish. The first question is on the SVX wins, what are customers liking? Like, what's driving those wins, and what does the pipeline look like going forward? I have a follow-up to that. Hi, guys. hi guys Thanks for taking my question. thanks for taking my question One for Jim Fish. one for jim fish The first question is on the SVX wins, what are customers liking? the first question is on the svx wins what are customers liking Like, what's driving those wins, and what does the pipeline look like going forward? like what's driving those wins and what does the pipeline look like going forward I have a follow-up to that. i have a follow-up to that

Speaker 7: Yeah, I'll start. I think, Ryan, what we've seen, customers like, first of all, I think it's a multi-source body-worn AI-driven assistant. It's not a body-worn camera. It looks at, I think as Mahesh just laid out, we look at things end to end. It extracts video from the Command Center. There's better knowledge base that's provisioned to a police officer when they get on the site. It's that, I think you can never walk away from the fact that just the audio, which blew me away, has blown the customers away when they look at it in terms of voice and just what that means to the device too. Yeah, I'll start. yeah i'll start I think, Ryan, what we've seen, customers like, first of all, I think it's a multi-source body-worn AI-driven assistant. i think ryan what we've seen customers like first of all i think it's a multi-source body-worn ai-driven assistant It's not a body-worn camera. it's not a body-worn camera It looks at, I think as Mahesh just laid out, we look at things end to end. it looks at i think as mahesh just laid out we look at things end to end It extracts video from the Command Center. it extracts video from the command center There's better knowledge base that's provisioned to a police officer when they get on the site. there's better knowledge base that's provisioned to a police officer when they get on the site It's that, I think you can never walk away from the fact that just the audio, which blew me away, has blown the customers away when they look at it in terms of voice and just what that means to the device too. it's that i think you can never walk away from the fact that just the audio which blew me away has blown the customers away when they look at it in terms of voice and just what that means to the device too The last piece of it, that I would say is when we're talking to people making financial decisions, it's no longer, it's not you don't need two cell phone bills. I think you're getting more and more value from the hub at the edge, which is the APX NEXT radio. I think that's the economic value that it provides as well. The last piece of it, that I would say is when we're talking to people making financial decisions, it's no longer, it's not you don't need two cell phone bills. the last piece of it that i would say is when we're talking to people making financial decisions it's no longer it's not you don't need two cell phone bills I think you're getting more and more value from the hub at the edge, which is the APX NEXT radio. i think you're getting more and more value from the hub at the edge which is the apx next radio I think that's the economic value that it provides as well. i think that's the economic value that it provides as well

Speaker 11: Maybe a few things just on the technical side to add there. Quite a few of radio users use earpieces. And when you use the earpiece, the body-worn camera, if it's separate and distinct from the radio system itself, does not capture that audio. It is a significant contributor to what an officer sees and hears, which feeds into our assisted narrative and other AI functionality. The SVX actually combines all of that together. In addition, from a connectivity standpoint, we don't need a separate connectivity piece in the body-worn camera, the body-worn assistant. It is tied to our APX NEXT unit. The TCO advantage there is quite significant as well. We see this as an incredibly powerful solution. Maybe a few things just on the technical side to add there. maybe a few things just on the technical side to add there Quite a few of radio users use earpieces. quite a few of radio users use earpieces And when you use the earpiece, the body-worn camera, if it's separate and distinct from the radio system itself, does not capture that audio. and when you use the earpiece the body-worn camera if it's separate and distinct from the radio system itself does not capture that audio It is a significant contributor to what an officer sees and hears, which feeds into our assisted narrative and other AI functionality. it is a significant contributor to what an officer sees and hears which feeds into our assisted narrative and other ai functionality The SVX actually combines all of that together. the svx actually combines all of that together In addition, from a connectivity standpoint, we don't need a separate connectivity piece in the body-worn camera, the body-worn assistant. in addition from a connectivity standpoint we don't need a separate connectivity piece in the body-worn camera the body-worn assistant It is tied to our APX NEXT unit. it is tied to our apx next unit The TCO advantage there is quite significant as well. the tco advantage there is quite significant as well We see this as an incredibly powerful solution. we see this as an incredibly powerful solution Last but not least, on the digital evidence management aside, our redaction solution assisted with AI has been powerful. Our customers love it. The speed with which you can redact is incredible. We often hear what used to take 35-hours before now takes one hour, and that's a significant advantage for our customers. The time saving is powerful. I think the user experience all in all is very compelling for SVX. Last but not least, on the digital evidence management aside, our redaction solution assisted with AI has been powerful. last but not least on the digital evidence management aside our redaction solution assisted with ai has been powerful Our customers love it. our customers love it The speed with which you can redact is incredible. the speed with which you can redact is incredible We often hear what used to take 35- hours before now takes one hour, and that's a significant advantage for our customers. we often hear what used to take 35- hours before now takes one hour and that's a significant advantage for our customers The time saving is powerful. the time saving is powerful I think the user experience all in all is very compelling for SVX. i think the user experience all in all is very compelling for svx

Speaker 15: Great. Thank you. On Silvus margins, are they still about in the, in the 40%-ish range? What should we see flowing through to next year? Great. great Thank you. thank you On Silvus margins, are they still about in the, in the 40%-ish range? on silvus margins are they still about in the in the 40%-ish range What should we see flowing through to next year? what should we see flowing through to next year

Speaker 6: We talked about EBITDA margins of about 45% for this year. Yes, Silvus is performing at that level, actually at the moment, perhaps a little bit stronger, and that's after the investments we've made in R&D and go to market. Particularly pleased about its not only top-line growth and robust orders, but the maintenance and continuity of the profitability profile that it's supporting itself as well. We talked about EBITDA margins of about 45% for this year. we talked about ebitda margins of about 45% for this year Yes, Silvus is performing at that level, actually at the moment, perhaps a little bit stronger, and that's after the investments we've made in R&D and go to market. yes silvus is performing at that level actually at the moment perhaps a little bit stronger and that's after the investments we've made in r&d and go to market Particularly pleased about its not only top-line growth and robust orders, but the maintenance and continuity of the profitability profile that it's supporting itself as well. particularly pleased about its not only top-line growth and robust orders but the maintenance and continuity of the profitability profile that it's supporting itself as well

Speaker 15: Great. Thank you. Great. great Thank you. thank you

Speaker 6: Thank you, Ryan. Thank you, Ryan. thank you ryan

Speaker 14: Thank you. Our final question will come from Amit Daryanani. Your line is open with Evercore ISI. Thank you. thank you Our final question will come from Amit Daryanani. our final question will come from amit daryanani Your line is open with Evercore ISI. your line is open with evercore isi

Speaker 1: I guess, you know, you announced the Exacom and Hyper as well as the Bell Canada. I guess, how are you guys thinking about using M&A the rest of the year to address any more competitive gaps? How are you trying to balance that versus continuing organic R&D investment? Thank you. I guess, you know, you announced the Exacom and Hyper as well as the Bell Canada. i guess you know you announced the exacom and hyper as well as the bell canada I guess, how are you guys thinking about using M&A the rest of the year to address any more competitive gaps? i guess how are you guys thinking about using m&a the rest of the year to address any more competitive gaps How are you trying to balance that versus continuing organic R&D investment? how are you trying to balance that versus continuing organic r&d investment Thank you. thank you

Speaker 6: The good news is, the balance sheet position we're in is really strong. We reaffirmed obviously today our expectation to generate, approximately, $3 billion in operating cash flow. You know that, when you think about CapEx, the dividend and M&A, it's about 60%, 30%, 10%. 60% we can do share repo, 30% dividend, 10% CapEx. I think we are sitting in a position. We bought back 118 million of shares in Q1. As we sit here today, there's just under 250 million of share buyback to date. A lot of flexibility ahead, both inorganically and organically. The good news is, the balance sheet position we're in is really strong. the good news is the balance sheet position we're in is really strong We reaffirmed obviously today our expectation to generate, approximately, $3 billion in operating cash flow. we reaffirmed obviously today our expectation to generate approximately $3 billion in operating cash flow You know that, when you think about CapEx, the dividend and M&A, it's about 60%, 30%, 10%. 60% we can do share repo, 30% dividend, 10% CapEx. you know that when you think about capex the dividend and m&a it's about 60% 30% 10% 60% we can do share repo 30% dividend 10% capex I think we are sitting in a position. i think we are sitting in a position We bought back 118 million of shares in Q1. we bought back 118 million of shares in q1 As we sit here today, there's just under 250 million of share buyback to date. as we sit here today there's just under 250 million of share buyback to date A lot of flexibility ahead, both inorganically and organically. a lot of flexibility ahead both inorganically and organically I think the investments we're making in the product portfolio, Command Center, Video, fixed, prem, mobile, hybrid, cloud, as well as Silvus, as well as LMR on D-Series infrastructure refresh. First time we've done that in over 12 years. The continued device refresh, the network layered resiliency. We have a lot of opportunity in front of us and good optionality with net debt to EBITDA sitting a little over 2x. I think we have a lot of powder, and I think we have a lot of opportunity. I don't think we have any, quote-unquote, "gaps" per se. Bell Canada being a great example. That's an extension of a core business that expands the Canadian public safety footprint. That's core of what we do. We know how to monetize services. We know how to upgrade the infrastructure. I think the investments we're making in the product portfolio, Command Center, Video, fixed, prem, mobile, hybrid, cloud, as well as Silvus, as well as LMR on D-Series infrastructure refresh. i think the investments we're making in the product portfolio command center video fixed prem mobile hybrid cloud as well as silvus as well as lmr on d-series infrastructure refresh First time we've done that in over 12 years. first time we've done that in over 12 years The continued device refresh, the network layered resiliency. the continued device refresh the network layered resiliency We have a lot of opportunity in front of us and good optionality with net debt to EBITDA sitting a little over 2x. we have a lot of opportunity in front of us and good optionality with net debt to ebitda sitting a little over 2x I think we have a lot of powder, and I think we have a lot of opportunity. i think we have a lot of powder and i think we have a lot of opportunity I don't think we have any, quote-unquote, "gaps" per se. i don't think we have any quote-unquote "gaps" per se Bell Canada being a great example. bell canada being a great example That's an extension of a core business that expands the Canadian public safety footprint. that's an extension of a core business that expands the canadian public safety footprint That's core of what we do. that's core of what we do We know how to monetize services. we know how to monetize services We know how to upgrade the infrastructure. we know how to upgrade the infrastructure We know how to do device refresh, and we know how to load applications on that P25 infrastructure and device footprint over time. We'll see how it unfolds, but there's a lot of flexibility and optionality that's in front of us from here looking to the rest of the year. We know how to do device refresh, and we know how to load applications on that P25 infrastructure and device footprint over time. we know how to do device refresh and we know how to load applications on that p25 infrastructure and device footprint over time We'll see how it unfolds, but there's a lot of flexibility and optionality that's in front of us from here looking to the rest of the year. we'll see how it unfolds but there's a lot of flexibility and optionality that's in front of us from here looking to the rest of the year

Speaker 14: Thank you. This concludes our question-and-answer session. I will now turn the floor over to Mr. Greg Brown, Chairman and Chief Executive Officer, for any additional comments or closing remarks. Thank you. thank you This concludes our question- and- answer session. this concludes our question- and- answer session I will now turn the floor over to Mr. Greg Brown, Chairman and Chief Executive Officer, for any additional comments or closing remarks. i will now turn the floor over to mr greg brown chairman and chief executive officer for any additional comments or closing remarks

Speaker 6: I simply wanna say thank you to all the Motorola Solutions and our partners for a great start to the year. I think we're really well-positioned to execute on the increased expectations we outlined on the call. We just see continued strong, robust demand, not just in a strong pipeline, but again, coming out of Q1, record backlog, fantastic order performance. We like the portfolio investments we're making that are clearly resonating with customers, as Mahesh referenced just a few weeks ago, with one of the best testimonials there with almost 2,000 people in Orlando. We've got a strong balance sheet, strong and robust cash generation, and a lot of flexibility and opportunity in front. Excited about what's next and look forward to catching up with all of you on the next call in August. Thanks for dialing in. I simply wanna say thank you to all the Motorola Solutions and our partners for a great start to the year. i simply wanna say thank you to all the motorola solutions and our partners for a great start to the year I think we're really well-positioned to execute on the increased expectations we outlined on the call. i think we're really well-positioned to execute on the increased expectations we outlined on the call We just see continued strong, robust demand, not just in a strong pipeline, but again, coming out of Q1, record backlog, fantastic order performance. we just see continued strong robust demand not just in a strong pipeline but again coming out of q1 record backlog fantastic order performance We like the portfolio investments we're making that are clearly resonating with customers, as Mahesh referenced just a few weeks ago, with one of the best testimonials there with almost 2,000 people in Orlando. we like the portfolio investments we're making that are clearly resonating with customers as mahesh referenced just a few weeks ago with one of the best testimonials there with almost 2,000 people in orlando We've got a strong balance sheet, strong and robust cash generation, and a lot of flexibility and opportunity in front. we've got a strong balance sheet strong and robust cash generation and a lot of flexibility and opportunity in front Excited about what's next and look forward to catching up with all of you on the next call in August. excited about what's next and look forward to catching up with all of you on the next call in august Thanks for dialing in. thanks for dialing in

Speaker 14: This does conclude today's teleconference. A replay of this call will be available over the Internet within three hours. The website address is www.motorolasolutions.com/investors. We thank you for your participation and ask that you please disconnect your lines at this time. This does conclude today's teleconference. this does conclude today's teleconference A replay of this call will be available over the Internet within three hours. a replay of this call will be available over the internet within three hours The website address is www.motorolasolutions.com/investors. the website address is www.motorolasolutions.com/investors We thank you for your participation and ask that you please disconnect your lines at this time. we thank you for your participation and ask that you please disconnect your lines at this time