BlackBerry Q2 Beats: Revenue Up 26%, Raises FY27 Outlook on Record QNX and $100M+ Alloy Kore Win
BB has more than doubled off its 52-week low of $3.12.
Summary
BlackBerry reported Q2 FY27 revenue of $163.3M (up 26% YoY), raised FY27 guidance, and secured its largest-ever QNX design win with Coretura, adding over $100M to royalty backlog.
Key Events · Earnings and Guidance · BB
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Q2 Revenue Up 26% to $163.3M
Total company revenue rose 26% year-over-year to $163.3 million, with QNX revenue up 27% to a record $80.3 million.
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Adjusted EBITDA Up 81% to $47.0M
Adjusted EBITDA increased $21.1 million year-over-year to $47.0 million, achieving the Rule of 40 for the second consecutive quarter.
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FY27 Guidance Raised
Full-year revenue guidance raised to $616-$636 million and Adjusted EBITDA to $141-$158 million, up from prior outlook.
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Largest QNX Design Win Ever
Coretura, the Volvo-Daimler Truck joint venture, selected Alloy Kore, adding over $100 million to QNX royalty backlog.
Analysis · BB · Technology
A strong second quarter saw revenue climb 26% year-over-year to $163.3 million, propelled by record QNX performance and the largest design win in QNX history. Adjusted EBITDA surged 81% to $47.0 million, prompting management to raise full-year revenue and Adjusted EBITDA guidance. The Coretura Alloy Kore design win adds over $100 million to QNX royalty backlog, a meaningful commercial milestone that underpins the raised outlook. This marks the second consecutive quarter achieving the Rule of 40, signaling improving operating leverage and a return to sustainable profitability.
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At the time of this filing, BB was trading at $8.39 on NYSE in the Technology sector, with a market capitalization of approximately $4.9B. The 52-week trading range was $3.12 to $13.59. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.