The Alloy Kore design win with Coretura (Volvo/Daimler JV) is the largest in QNX history and adds over $100M to the royalty backlog — watch for additional design win announcements and backlog conversion in coming quarters as a lead indicator of QNX revenue acceleration.
Price Chart
Executive Summary
BlackBerry reported Q2 FY2027 revenue of $163.3M (+26% YoY) and GAAP EPS of $0.06, beating consensus estimates of $0.04 EPS on $145.5M revenue. The company raised its full-year FY2027 revenue guidance to $616-$636M (from $594-$621M) and Adjusted EBITDA guidance to $141-$158M (from $119-$139M), citing strong QNX performance including the first Alloy Kore design win adding over $100M to the royalty backlog.
Key Financial Metrics
Key Facts
- Revenue of $163.3M (+26% YoY) vs consensus $145.5M — a 12.2% revenue beat
- GAAP EPS of $0.06 vs consensus $0.04 — a 50% EPS beat
- Adjusted EBITDA of $47.0M (+81% YoY), second consecutive Rule of 40 performance
- QNX revenue of $80.3M (+27% YoY), record quarterly revenue; first Alloy Kore design win adds >$100M to royalty backlog
- FY2027 revenue guidance raised to $616-$636M (from $594-$621M); Adjusted EBITDA guidance raised to $141-$158M (from $119-$139M)
- Operating cash flow of $29.3M vs $3.4M in prior-year quarter; sixth consecutive quarter of positive GAAP net income
- Secure Communications revenue grew only 2% YoY to $60.9M; segment adjusted EBITDA declined 18% to $8.0M
Financial Impact
Revenue beat consensus by ~$17.8M (12.2%); EPS beat by $0.02 (50%); FY guidance raised by $22M at midpoint for revenue and $20.5M for Adjusted EBITDA
Risk Factors
- Secure Communications segment revenue growth decelerated sharply to 2% YoY (from 24% in Q1) with adjusted EBITDA declining 18% — this segment may face headwinds
- FY27 guidance midpoint implies H2 revenue of ~$300M vs $316M in H1, suggesting sequential deceleration
- Restructuring charges of $2.7M and deferred share units revaluation adjustment of ($1.6M) create non-GAAP noise
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001070235-26-000112 |
| Document: bbry-20260924.htm | 0001070235-26-000112 |
| Document: 0001070235-26-000112-index-headers.html | 0001070235-26-000112 |
| Document: 0001070235-26-000112-index.html | 0001070235-26-000112 |
| Document: 0001070235-26-000112.txt | 0001070235-26-000112 |
| 8-K Data (Synthetic) | 0001070235-26-000112 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 144 | $8.92 | awaiting T+5 | — | $9.19 (+3.03%) |
Oct 13, 2026 14d ago | Insider Cluster | $8.23 $9.41 | ▼ −14.34% | ▼ −13.88% | $9.19 (−11.66%) |
Oct 5, 2026 21d ago | Insider Cluster | $9.58 $8.47 | ▼ −11.59% | ▼ −11.45% | $9.19 (−4.07%) |
Sep 24, 2026 4w ago | 8-K | $8.73 $9.18 | ▲ +5.15% | ▲ +5.57% | $9.19 (+5.27%) |
Sep 22, 2026 4w ago | 8-K | $8.62 $8.72 | ▲ +1.16% | ▲ +2.35% | $9.19 (+6.61%) |
Aug 15, 2026 10w ago | Institutional Cluster | $8.73 $7.65 | ▼ −12.37% | ▼ −11.18% | $9.19 (+5.27%) |
Jul 15, 2026 14w ago | Insider Cluster | $9.16 $8.63 | ▼ −5.79% | ▼ −4.12% | $9.19 (+0.33%) |
Jul 6, 2026 16w ago | Insider Cluster | $11.10 $11.01 | ▼ −0.81% | ▼ −1.36% | $9.19 (−17.21%) |
May 8, 2026 24w ago | 8-K | $6.37 $6.18 | ▼ −2.98% | ▼ −4.45% | $9.19 (+44.27%) |
Apr 9, 2026 28w ago | 8-K | $3.82 $4.69 | ▲ +22.77% | ▲ +19.59% | $9.19 (+140.58%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers