Motorola Solutions forecasts robust Q4 profit on recovering semiconductor market

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Motorola Solutions on Thursday forecast a current-quarter adjusted profit above estimates, as it sees gradual improvements in supply chain availability for procuring certain semiconductor components in a recovering post-pandemic market.

Shares of the provider of safety and enterprise security services rose 1.9 per cent in after-hours trading.

Motorola's private mobile radio communications network unit, Airwave, was subject to an investigation into the mobile radio network services market by UK's competition regulator, which imposed a price control on the unit. The company's revenue under the Airwave contract has been deferred till the Competition Appeal Tribunal provides an appeal on the price imposition order.

The U.S. government and home office of the United Kingdom are the largest customers of Motorola Solutions.

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