Canada's BlackBerry Q2 revenue, adj profit rise on QNX strength

By Reuters News


Overview

  • Canada enterprise software maker's fiscal Q2 revenue rose 26% yr/yr to $163.3 mln

  • Adjusted net income for fiscal Q2 increased 79% yr/yr to $43.2 mln

  • QNX segment revenue grew 27% yr/yr, driven by automotive and embedded markets


Outlook

  • BlackBerry sees Q3 revenue of $143 mln to $154 mln

  • Company expects FY27 revenue of $616 mln to $636 mln

  • BlackBerry forecasts Q3 adjusted EPS of $0.04 to $0.05


Result Drivers

  • QNX SEGMENT GROWTH - Co said QNX revenue rose 27% yr/yr, driven by strength in core automotive business and embedded markets

  • MAJOR DESIGN WIN - Alloy Kore design win, largest in QNX history, added over $100 mln to QNX royalty backlog

  • SECURE COMMUNICATIONS STABILITY - Secure Communications remained a stable and profitable contributor following a particularly strong first quarter


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

$163.3 mln

Q2 Adjusted Net Income

$43.20 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the software peer group is "buy."

  • The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 50 three months ago


Reuters Recommended Reads

  • Sept 24 - Canada's Vecima Networks Q4 adjusted EPS slightly beats; 2026 revenue outlook lifted

  • Sept 23 - Canada's AGF Management Q3 profit misses estimates on higher costs


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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