Blackberry Stock Earnings Reports

BlackBerry reported a stronger-than-expected Q2 FY2026 with total revenue of $129.6M (up 3% YoY), positive GAAP net income of $13.3M and adjusted EBITDA margin of 20% for the company. All three divisions beat the top end of guidance. QNX delivered standout results: $63.1M revenue (15% YoY growth), 83% gross margins, and a record 32% adjusted EBITDA margin — characterized as a “rule of 40” quarter. QNX secured several significant design wins (including a mid‑eight‑figure ADAS deal in China), expanded its ecosystem (partnerships with Qualcomm, NVIDIA, Vector), released QNX OS for Safety 8.0 (TÜV Rheinland certified), and is growing non-automotive verticals (medical, robotics, industrial). Secure Communications posted $59.9M revenue, ARR rose to $213M and dollar-based net retention improved to 93%; notable wins included a multi-year hosted SecuSmart deal in Germany and a large renewal/upsell with the U.S. State Department (ad hoc platform). Licensing revenue was $6.6M, helped by a new one-time deal. Financials: adjusted gross margin expanded to 75%, adjusted EBITDA rose 72% YoY to $25.9M, adjusted EPS $0.04, operating cash flow turned positive at $3.4M despite $19M in tax payments. Cash and investments were $363.5M after retiring ~5M shares (~$20M) in the quarter (total canceled to date: 7.6M). Management raised guidance for both QNX and Secure Comms and increased full‑year company revenue and adjusted EBITDA ranges. They expect positive operating cash flow for the remainder of FY2026 and reiterated continued share buybacks as appropriate.