BlackBerry Limited Q2 2027 Earnings Recap

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.