BlackBerry shares fell 2.0% after earnings, a roughly flat reaction. QNX delivered record revenue and the company raised its full-year outlook, while the transcript also points to growth increasingly depending on automotive software adoption and design wins converting into production and royalties.
- Q2 revenue grew 26% year over year and adjusted EBITDA grew 81%; operating cash flow was $29 million, and BlackBerry reported its sixth consecutive quarter of positive GAAP net income.
- QNX revenue reached a record $80 million, up 27% year over year and above the high end of guidance. Growth was broad-based across development licenses, professional services and royalties.
- QNX’s first-half design-win value exceeded its previous full-year record, and the company cited strong development-license activity as a potential leading indicator of future design wins and royalties.
- Management raised its full-year revenue and adjusted EBITDA outlook, but the excerpt provides no revised figures.
- The growth opportunity depends partly on vehicles adopting centralized compute architectures: management said roughly one-third of global vehicle production currently has these architectures and forecast the share could reach roughly three-quarters within five years.
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