BlackBerry Q2 FY27: Revenue Up 26%, Full-Year Guidance Raised Again
BB has more than doubled off its 52-week low of $3.12 on elevated volume (2.6× avg).
Summary
BlackBerry beat Q2 expectations with $163.3M revenue (up 26% YoY) and raised full-year guidance for the second straight quarter. The 10-Q adds full financials and flags the convertible notes as eligible for conversion again starting October 1.
Key Events · Earnings and Guidance · BB
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Q2 Revenue Beats, Up 26% YoY
Revenue of $163.3M exceeded the $137M–$148M guidance range, driven by QNX royalty strength and a new IP licensing arrangement.
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Full-Year Guidance Raised
FY27 revenue outlook raised to $616M–$636M (from $594M–$621M); adjusted EBITDA raised to $141M–$158M (from $119M–$139M).
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Convertible Notes Eligible for Conversion
The $200M 3.00% notes are convertible again from October 1 through December 31, 2026, representing up to 51.5M shares at $3.88/share. No holders converted in Q2.
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Class Action Trial Set for January 2027
The Swisscanto securities class action (certified 2019) has a trial date of January 11, 2027, after mediation failed in April 2026.
Analysis · BB · Technology
A second consecutive beat-and-raise quarter underscores BlackBerry's operating momentum. Revenue of $163.3M grew 26% year-over-year, driven by a 27% jump in QNX and a tripling of Licensing revenue. Management raised full-year revenue guidance to $616M–$636M and adjusted EBITDA to $141M–$158M. The 10-Q also reveals the convertible notes are back in-the-money and eligible for conversion starting October 1, which could add up to 51.5M shares if holders convert — a real overhang to watch alongside the strong operating momentum.
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At the time of this filing, BB was trading at $8.69 on NYSE in the Technology sector, with a market capitalization of approximately $5.1B. 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.