QNX Lands Record Alloy Kore Contract, Royalty Backlog Tops $1.2B
BB has more than doubled off its 52-week low of $3.12.
Summary
QNX signed the largest contract in its history, with the first customer choosing its Alloy Kore automotive operating system and more than $100 million in estimated future royalties attached. That win pushed QNX's royalty backlog past $1.2 billion, an all-time high and up more than $250 million, or 26%, from roughly $950 million at fiscal 2026 year-end. The backlog also grew on wider adoption of the QNX Software Development Platform 8.0, as automakers consolidate vehicle functions onto fewer computers that can run more QNX software per vehicle. Business outside auto — robotics, industrial automation and medical devices — added to the total. Shares were up 6.74% at $8.71 on the news, extending the momentum from the September 24 Q2 report, when BlackBerry posted $163.3M revenue (up 26% YoY) and raised FY27 guidance for the second straight quarter.
At the time of this announcement, 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 news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.