QNX Royalty Backlog Tops $1.2B, Up $250M in Two Quarters
BB has more than doubled off its 52-week low of $3.12.
Summary
QNX's royalty backlog crossed $1.2 billion, up more than $250 million (26%) from roughly $950 million at fiscal year-end 2026 — a record for the division. The growth is driven by SDP 8.0 adoption and the first Alloy Kore design win, worth more than $100 million in estimated future royalties and the largest in QNX history. This builds on the Sept 24 Q2 report, when BlackBerry posted $163.3M revenue (up 26% YoY) and raised FY27 guidance for the second straight quarter. Backlog is not revenue — it converts only as customer programs enter production — but a 26% jump in two quarters is real evidence the design-win pipeline is translating into contracted future royalties. Note the CEO has been selling shares on a disclosed schedule through October, which tempers the read on insider conviction.
At the time of this announcement, BB was trading at $8.08 on NYSE in the Technology sector, with a market capitalization of approximately $4.8B. 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: ACCESS Newswire.