The stock surged 32.3% as BlackBerry delivered revenue and adjusted EBITDA well above expectations, driven by strong QNX business growth and robust demand in Secure Communications.
- Total company revenue was $153 million, surpassing the high end of guidance.
- Adjusted EBITDA more than doubled year-over-year, with positive GAAP net income for the fifth consecutive quarter.
- QNX revenue grew 26% year-over-year to approximately $72 million, significantly above guidance.
- Development license revenue in Q1 reached its highest level in eight quarters, indicating strong future royalty stream potential.
- New design wins spanned automotive and general embedded markets (GEM), including contracts with major OEMs and Tier 1 suppliers.
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