Blackberry Stock Earnings Reports

BlackBerry reported a stronger-than-expected Q1 FY2026: total revenue $121.7M, adjusted EBITDA $16.4M (up >55% YoY), and adjusted EPS of $0.02, with GAAP net income of $1.9M — the first quarterly GAAP profit in over three years. Management launched a $100M share buyback program and repurchased $10M of shares in Q1. Division highlights: QNX outperformed guidance with revenue of $57.5M (8% YoY growth), driven by royalties and development seat licenses and a growing pipeline for SDP8.0 (pipeline +55% quarter-over-quarter; 43% of SDP8.0 pipeline in general embedded markets). BlackBerry is pursuing diversification of QNX beyond automotive (robotics, industrial automation, medical devices) and developing a QNX vehicle platform / pre-integrated middleware (early access targeted this calendar year). Secure communications beat expectations with revenue $59.5M and ARR stable at $209M; strong SecuSmart sales (notably in Germany) and AtHoc achieving FedRAMP High, enabling additional US federal wins. Licensing revenue was $4.7M. Cash used by operations was $18M (seasonal low); cash & investments $382M (up ~$100M YoY). Management maintained full-year revenue and EBITDA guidance ranges for QNX and raised full-year secure communications revenue guidance by $4M; company-wide FY26 revenue guidance raised to $508–$538M and adjusted EBITDA to $72–$87M. Management expects operating cash flow positive for full FY26 (~$35M) and Q2 cash usage of $5–$15M. Risks noted: automotive macro uncertainty (including potential tariff impacts on production/royalties) and elongated government procurement cycles.