BlackBerry Limited Earnings Recaps
Q2 2027
Sep 29, 2026
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.
Key takeaways
- 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.
Q1 2027
Jun 27, 2026
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.
Key takeaways
- 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.
Q4 2026
Apr 9, 2026
BlackBerry delivered a robust fiscal year with sustained growth, record revenues, and a continued shift toward profitability, underscoring its transformation into a resilient, growth-oriented company driven by its QNX platform.
Key takeaways
- QNX revenue exceeded $78.7 million in Q4, up 20% YoY, with a record quarter for royalties and development revenue, and a growing royalty backlog near $950 million.
- The company reports consistent annual growth in QNX, emphasizing a durable, Rule of 40 business backed by a strong pipeline, backlog, and multi-year design wins, especially in automotive and emerging markets.
- Strategic wins include deployments with a major Chinese Tier 1 supplier, a North American top automaker, and a European OEM, reinforcing leadership in digital cockpit and ADAS systems.
- Alloy Core platform progressing toward general release, with OEM discussions ongoing and potential for substantial ASP expansion, representing a key growth accelerator.
- The company maintains a positive outlook for FY2027, expecting continued double-digit growth driven by backlog expansion and new design wins.