What were the key takeaways from BlackBerry's earnings call?

Did BlackBerry beat or miss consensus estimates last quarter?

What is BlackBerry's latest dividend and current dividend yield?

What guidance did BlackBerry's management provide for the next earnings period?

What is the revenue and EPS growth rate for BlackBerry year over year?

What does BlackBerry do and what are its main business segments?

What is the market's earnings forecast for BlackBerry next quarter?

What factors drove the changes in BlackBerry's revenue and profit?

- **Revenue Records**: QNX ($68.7M, +10% YoY) and Secure Communications ($67M) beat expectations, driving total revenue to $141.8M.
- **Profitability Breakthrough**: 20% EBITDA margin, third straight quarter of GAAP net income, and $17.9M operating cash flow (200% YoY growth).
- **Strategic Wins**: 275M vehicles powered by QNX, luxury EV design win in China, and FedRAMP High-enabled U.S. government expansions.
- **Future Growth**: Vehicle software platform targeting higher pricing, GEM expansion investments, and Canadian government defense opportunities.
- **Cash Strength**: $377.5M cash balance, $80M+ Q4 cash generation (including $38M Cylance proceeds), and $8.8M shares repurchased FYTD.

**【CEO Summary Section】**
- **Record Revenue Growth**: Total revenue of $141.8 million exceeded high-end guidance, with QNX delivering a record $68.7 million (10% YoY growth) and Secure Communications hitting $67 million.
- **Profitability Milestones**: Adjusted EBITDA of $28.7 million (20% margin), GAAP net income of $13.7 million (up $24.2 million YoY), and third consecutive quarter of GAAP profitability.
- **QNX Momentum**: 275 million vehicles powered by QNX, design wins with European/Asian OEMs for ADAS/cockpit on SDP8, and new wins for QNX Sound and Cabin in luxury EVs.
- **Secure Communications Strength**: 92% DBNRR, FedRAMP High certification enabling U.S. government expansions, and multi-year renewals with Dutch government and UK Ministry of Defense.

**【CFO Financial Commentary】**
- **Gross Margins and Cash Flow**: 78% adjusted gross margin, operating cash flow of $17.9 million (200% YoY), and free cash flow of $17 million.
- **Investment and Buyback**: $8.8 million shares repurchased FYTD, and $5 million Q3 buyback at $4.13 average price.
- **Updated Guidance**: FY2026 revenue raised to $531-$541 million (midpoint +$6M), adjusted EBITDA to $94-$104 million (+$7.5M midpoint), and Q4 revenue of $138-$148 million.

**【Q&A Highlights】**
- **GEM Investment Strategy**: Focus on go-to-market expansion, partnerships, and certifications like BSI for UEM to drive cost savings and safety in China.
- **Vehicle Software Platform**: Co-developed with Vector targeting higher ASPs, with early access version set for Q1 release and discussions with top OEMs.
- **Government Shutdown Resilience**: Secure Communications navigated U.S. shutdown with strong renewals, and QNX royalty-driven model mitigated impact.
- **Robotics and Medical Innovation**: SDP8 adoption in industrial automation (e.g., Bently Nevada, European OEMs) and NASA's aerospace projects.
- **Canadian Expansion**: Multi-year UEM agreement with Canadian government, and active discussions to expand SecuSmart and AtHoc usage in defense.

BlackBerry Ltd (BB) Q3 2026 Earnings Call Transcript

- **Revenue and Profit Growth**: Q2 revenue of $129.6M (+3% YoY), GAAP net income of $13.3M (vs. -$19.7M YoY), and 72% YoY EBITDA expansion to $25.9M. 
- **QNX Dominance**: 15% YoY revenue growth to $63.1M, 32% EBITDA margin, and mid-eight-figure ADAS win in China. 
- **Secure Comms Resilience**: $59.9M revenue, 16% EBITDA margin, and 5-year German government SecuSmart deal. 
- **Guidance Uptick**: Full-year revenue raised to $519-$541M (+$7M midpoint); Q3 EBITDA guidance of $20-$28M. 
- **Cash Flow Turnaround**: Positive operating cash flow of $3.4M in Q2 (vs. -$18.4M sequentially). 


**【CEO Summary Section】**
- **Q2 Fiscal 2026 Results**: Total revenue of $129.6 million (+3% YoY), GAAP net income of $13.3 million (vs. -$19.7 million YoY), and non-GAAP EPS of $0.04 (beat guidance). QNX division delivered 15% YoY revenue growth to $63.1 million, with a record 32% adjusted EBITDA margin. Secure Communications division revenue of $59.9 million (+$4 million ARR) and 16% EBITDA margin. Operating cash flow of $3.4 million (vs. -$18.4 million sequentially). 
- **QNX Highlights**: Mid-eight-figure ADAS design win in China with a tier-one supplier; QNX OS for Safety 8.0 certification by TÜV Rheinland; Snapdragon RidePilot platform with Qualcomm; and 50/50 pipeline split between auto and general industry. QNX Sound wins with Chinese automaker and audio partner. 
- **Secure Comms Wins**: German government 5-year SecuSmart hosted service deal; U.S. State Department 5-year ad hoc platform renewal; and BSI certification for UEM in Germany. 
- **Pipeline Momentum**: QNX design wins ahead of plan; vehicle software platform with Vector Informatik; and QNX OS for Safety 8.0 on NVIDIA DRIVE AGX Thor. 

**【CFO Financial Commentary】**
- **Q2 Financials**: Total adjusted EBITDA of $25.9 million (+72% YoY); QNX EBITDA of $20.5 million (+56% YoY); Secure Comms EBITDA of $9.7 million. Operating expenses down 5% YoY to $74.8 million. 
- **Guidance Update**: Full-year revenue raised to $519-$541 million (+$7M midpoint); adjusted EBITDA to $82-$101 million (+$12M midpoint). Q3 revenue guidance: $132-$140 million; Q3 EBITDA: $20-$28 million. 
- **Cash Flow**: Operating cash flow of $3.4 million (vs. -$18.4 million sequentially); free cash flow of $2.6 million. Share buybacks of $20 million (5M shares) in Q2. 

**【Q&A Key Highlights】**
- **QNX Leverage**: 83% gross margin with R&D and sales/marketing investments; royalty growth as programs ramp. 
- **China Strategy**: Safety-critical ADAS demand driven by high-profile incidents; mid-eight-figure design win with tier-one supplier. 
- **Back-Half Growth**: Sequential QNX revenue growth driven by development seat licenses and royalty ramp; pipeline solid for H2. 
- **Auto Market Trends**: OEMs stabilizing after production pause; QNX OS for Safety 8.0 adoption accelerating. 


BlackBerry Ltd (BB) Q2 2026 Earnings Call Transcript

- **QNX Growth Accelerates**: 8% YoY revenue rise, 43% of SDP 8.0 pipeline in non-auto markets, major industrial automation win.
- **Secure Comms Outperforms**: $59.5M Q1 revenue beat, FedRAMP High certification drives U.S. federal wins.
- **Share Buyback Signal**: $100M program launched, 3-year GAAP profit return after $1.9M Q1 net income.
- **FY26 Guidance Upped**: Total revenue $508-538M, adj. EBITDA $72-87M, non-GAAP EPS $0.08-0.10.

**【CEO Summary Section】**
- **QNX Division Performance**: Q1 revenue of $57.5 million, up 8% YoY, driven by 9% growth in royalties and 23% in development seat licenses. Non-automotive (GEM) pipeline now 43% of SDP 8.0 total, with a major industrial automation design win.
- **Secure Communications Strength**: $59.5 million revenue beat, stable ARR ($209M) and DBNRR (92%). Secusmart government sales and AtHoc FedRAMP High certification highlight strategic momentum.
- **Strategic Initiatives**: Expanding QNX into robotics/industrial automation and vehicle platform middleware with Vector, targeting royalty ASP uplift.

**【CFO Financial Commentary】**
- **Overall Results**: Total revenue $121.7M vs. guidance, adj. EBITDA $16.4M (+55% YoY). GAAP net income $1.9M - first positive quarter in 3 years. Operating cash usage $18M vs. $28M prior year.
- **Divisional Performance**: QNX adj. EBITDA $12.7M, Secure Comms $9.6M. Licensing $4.7M below expectations.
- **Share Buyback**: $100M program launched, $10M repurchased at $3.89 avg price. 2026 FY guidance: $508-538M revenue, $72-87M adj. EBITDA.

**【Q&A Key Themes】**
- **QNX Pipeline Visibility**: SDP 8.0 pipeline +55% QoQ, 43% GEM mix. Q2 guidance cautious on auto production but optimistic on long-term middleware adoption.
- **Defense Spending Trends**: Secure Comms benefiting from gov't focus on data sovereignty, with Secusmart and AtHoc winning U.S. federal contracts.
- **Automotive Market Dynamics**: QNX thrives in high-performance vehicles, with autonomous drive adoption driving China-based partnerships.

BlackBerry Limited (BB) Q1 2026 Earnings Call Transcript

- **QNX Growth Drivers**: 15% YoY revenue growth, $865M royalty backlog, and expansion into medical/industrial markets.
- **Secure Comms Resilience**: 93% net retention rate, $208M ARR, and stable US federal government contracts.
- **Cash Strength**: $410M cash, $35M FY26 operating cash flow guidance, and $200M+ net cash position.
- **Tariff Mitigation**: 50%+ non-US revenue and diversification into non-auto markets.
- **Vehicle OS Expansion**: OEM partnerships (e.g., TTTech, Microsoft) and middleware integration for content growth.

**【CEO Business Update】**
- **QNX Division**: Q4 revenue of $65.8 million exceeded guidance, with a 83% gross margin. Royalty backlog grew to $865 million, reflecting future royalty revenue. Expansion into medical and industrial markets via the QNX General Embedded Platform, with new design wins in rail and aerospace.
- **Secure Communications**: Q4 revenue of $67.3 million beat guidance, with ARR of $208 million. US federal government accounts represent 20-25% of the division, showing resilience. AtHoc's dollar-based net retention rate exceeded 100%.
- **Licensing**: Q4 revenue of $8.6 million beat expectations, driven by legacy contract resolutions.

**【CFO Financial Review】**
- **QNX**: Fiscal year 2025 revenue of $236 million, with a 29% EBITDA margin. Full-year gross margin of 84%.
- **Secure Communications**: Q4 EBITDA of $12.6 million (19% margin), with full-year EBITDA of $52.3 million. Full-year gross margin of 66%.
- **Total Company**: Q4 adjusted EBITDA of $21.1 million, fiscal year 2025 adjusted EBITDA of $39.3 million. Cash and investments reached $410 million, with a net cash position exceeding $200 million.

**【Q&A Highlights】**
- **Tariffs Impact**: 50%+ of QNX revenue from outside North America mitigates risk. QNX diversifying into medical and industrial markets with SDP 8.0 and QNX Cabin solutions.
- **Gov Contract Stability**: Secure Communications' sticky contracts and mission-critical nature reduce risk. US federal government renewals remain stable.
- **Vehicle OS Initiative**: OEMs partnering with QNX to handle middleware, potentially increasing content per vehicle. Collaborations with TTTech and Microsoft Azure expand platform capabilities.


Actual											0.0953	0.0198	0.1132	0.0197	0.0298	-0.0508	-0.06	0	0.0099	-0.051	-0.0521	-0.0507	-0.0198	0.0585	-0.04	0.0098	0.0298	-0.0301	0	0.0205	0.0297	0.02	0.0405	0.0493
Forecast											0.0398	-0.0173	0.0196	-0.0152	0.0271	-0.061	-0.0763	-0.0735	-0.051	-0.0627	-0.0739	-0.077	-0.0772	-0.0609	-0.0652	-0.0359	-0.0383	-0.0484	-0.0281	-0.0012	0.0025	-0.0026	0.012	0.0364	0.0455
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+139.45%	+214.45%	+477.55%	+229.61%	+9.96%	+16.72%	+21.36%	+100.00%	+119.41%	+18.66%	+29.50%	+34.16%	+74.35%	+196.06%	+38.65%	+127.30%	+177.81%	+37.81%	+100.00%	+1808.33%	+1088.00%	+869.23%	+237.50%	+35.44%	0.00%

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BB

BB fundamentals

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