Track market-moving stories before they get noisy

Two automotive technology stocks are moving in opposite directions today, and the gap between them reveals a sharp divide in how Wall Street is pricing chip-based versus software-based exposure to the car of the future.

Mobileye Global (NASDAQ:MBLY | MBLY Price Prediction) and BlackBerry Limited (NYSE:BB) both sell technology that goes inside the car, yet the two stocks are heading in opposite directions. Shares of Mobileye are trading at $6.59, down 5% on the day, a drop that adds to deep losses for the stock this year. However, BlackBerry stock is at $8.88, up 3%, a gain that runs directly against the slide in Mobileye shares.

For a read on the wider vehicle technology theme, the Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) is at $29.33, down 0.5%. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is at $760.81, down 0.4%, leaving major indexes only slightly lower. Against those small declines, the selloff in Mobileye Global stock stands out as the sharpest move in the group by a wide margin.

Sellers Press Mobileye Global Lower Again Mobileye hasn’t issued a press release alongside the decline, which places the attention on how the market is valuing the stock itself. Selling pressure is building on a stock that has already given up a large portion of its value this year, and each fresh leg lower tests the patience of longer-term holders, who have endured an extended string of declines.

Demand from carmakers sets the pace for Mobileye’s business. Automakers order its EyeQ chips program by program and in line with the vehicles they build. That tie to production schedules means doubts about auto output can reach the stock quickly, even when the company itself has said nothing new. On the upside, Mobileye also has a self-driving robotaxi program under its Mobileye Drive platform, giving bulls a growth story beyond driver assistance.

BlackBerry Gains as the Auto Tech Fund Barely Moves BlackBerry’s QNX unit licenses the real-time operating system that runs beneath a car’s software, from digital cockpits to driver-assistance features. Carmakers typically pay QNX through development licenses and per-vehicle royalties, a model built on software running across many platforms. A secure communications business also sits inside the company, so BlackBerry stock answers to more than the auto cycle alone.

Shares of BlackBerry have rallied hard this year, a run that contrasts sharply with the extended slide in Mobileye shares. With major indexes lower, the advance in BlackBerry shares looks even more notable for a stock tied so closely to automotive software. Skeptics argue that after such a run, any slowdown in automaker software spending could hit the stock hard.

Electric vehicle makers anchor the Global X DRIV fund, and BlackBerry and Mobileye each make up a minor piece of it. Battery suppliers and semiconductor companies fill out much of the rest of the lineup, alongside a smaller group of vehicle technology names. That slight dip in the fund therefore offers a read on the broader electric vehicle trade and says little about either supplier.

Mobileye still has a broad base of automaker customers and a robotaxi plan that could lift revenue per vehicle over time, which is the core of the bull case. Near-term chip demand is central to the bear case, since lower orders from carmakers would weigh directly on shipments. Taken together, the decline in Mobileye stock shows the market tending toward the cautious side of that debate.

Mobileye’s Next Report Holds the Key Mobileye’s upcoming quarterly report will show whether demand from automakers has steadied. Steadier orders could support the view that the selloff has run ahead of the business, while another lower reading could extend the slide.

Caution is warranted as MBLY stock wobbles today. Investors considering share exposure should size their Mobileye positions carefully given the stock’s long decline.

Contact [email protected] for any questions or corrections.

BlackBerry Ltd. (NYSE:BB ) shares are advancing Wednesday as software names rally on renewed risk appetite ahead of IBM and SAP earnings after the close.

Second annual global study of 1,100 automotive software developers finds persistent integration challenges, rising security concerns and a more practical view of AI in SDV development

Key Findings from the 2026 Under the Hood: SDV Developer Report:

35% of developer effort is spent, on average, on software integration work below the vehicle application layer rather than building differentiating consumer features with 19% spending at least half their time on that integration work.76% agree that OEMs should prioritize application-layer innovation over software infrastructure, highlighting the continued importance of focusing on delivering differentiating customer experiences.75% say the lack of a common, reusable software foundation slows SDV development.Security is now the number one future concern among developers (48%), and 83% believe SDVs will become a major cyberattack target within the next three years.AI expectations are becoming more practical: only a quarter think AI will be ‘transformational' (down from 36%), while those seeing it as significant and integrated into workflows rose to 62%.WATERLOO, ON / ACCESS Newswire / October 21, 2026 / QNX, a division of BlackBerry Limited (NYSE:BB)(TSX:BB) today released its second annual Under the Hood: SDV Developer Report, a global study of 1,100 automotive software developers that examines how attitudes towards the software-defined vehicle (SDV) development landscape are evolving as the industry moves from ambition to execution. When it comes to innovation roadblocks, the research found that developers spend an average of 35% of their time on foundational software integration work rather than developing new features and capabilities that differentiate vehicles, while three quarters say the lack of a common, reusable software foundation is slowing overall SDV development.

Software-Defined Delays
The automotive industry is at a critical inflection point, with automakers racing to move faster and ship software more efficiently. Against that backdrop, 79% of developers report feeling pressure from faster-moving competitors, reinforcing the need to balance software development speed and scalability with safety and reliability.

This pressure to go faster however introduces new risks, and software failures are continuing to reshape automotive development practices. Just over half (53%) of automotive software developers are directly influenced by product recalls affecting the industry, with nearly nine in ten (88%) say recalls or failures have led to major or moderate changes in how their teams develop software, suggesting teams are no longer adjusting processes at the margins after an incident, but fundamentally changing how software is architected from the start.

The Need for Application-Layer Innovation
Developers are also clear about where they would rather focus their energy. More than three quarters (76%) agree that OEMs should concentrate on application-layer innovation rather than foundational software infrastructure, the layer where brand identity and customer experience are increasingly defined. That view has softened slightly from 80% in 2025, pointing to a more measured sense of how quickly that shift can happen in practice. When asked what would free their teams up to spend more time on differentiating features, developers almost half (46%) identified better integration across development tools and environments, alongside greater software reuse across vehicle programs (38%), and a pre-integrated foundational software solution (34%). Together, the findings describe an industry that knows where it wants to go but is still getting bogged down in the foundational work beneath.

Delivery is Under Strain
These pressures are showing up in day-to-day software delivery. Debugging and testing is now the single biggest challenge facing automotive software teams, cited by 44% of developers and up eight percentage points year on year, moving ahead of integration complexity (39%) and long development cycles (37%). Perceptions of development environment productivity have also softened, with the share rating their environment as "excellent" falling from 30% to 20%. Taken together, the findings point to teams that are well equipped but increasingly stretched, spending more of their effort finding and fixing problems in foundational layers than ideating, creating and delivering new features that can influence consumer purchase decisions and build brand loyalty.

"The industry is facing a complexity management challenge. Automotive software developers are trying to solve the same integration, software development and safety problems time and time again, and when a third of engineering effort goes into rebuilding software below the application layer, that is a third of the effort not going into the differentiating features drivers actually notice," said Justin Moon, Vice President, Core Product Engineering at QNX. "This year's data shows this approach is beginning to have consequences; debugging has become the biggest challenge developers face, perceptions of productivity are freefalling, and security has moved to the top of the agenda, all of which are symptoms of technical complexity. To reduce that, teams need a trusted software foundation they can build on, certify against and reuse, rather than starting from scratch with every program."

Security and Regulation Move up the Agenda
Looking towards the future, security has moved from a technical consideration to the industry's defining concern. Almost half of developers (48%) now rank security threats as their greatest worry, up five points year over year, while 47% point to cyber vulnerabilities as the biggest risk to rolling out SDVs at scale. More strikingly, 83% expect SDVs to become a ‘major' target for cyberattacks within the next three years, a view that reflects how quickly connectivity and the potential for OTA updates have widened the attack surface. From a regulatory standpoint, cybersecurity standards (ie: UNECE WP.29, ISO/SAE 21434) remain the hardest to meet, cited by 46%, underlining that compliance is no longer a checkbox exercise, but rather, a design constraint shaping architecture decisions from the outset.

Additionally, more than 700 new regulations and legislative proposals affecting in-car technology were introduced globally in 2025 alone, with a third of respondents claiming this has delayed development timelines. With no year-over-year improvement, the data suggests the vast majority of developers haven't yet identified how to efficiently manage the global regulatory burden.

AI: From Hype to Workflow
Expectations of AI have matured rather than cooled. The share of developers describing AI as 'transformational' has fallen from 36% to 25%, while those expecting it to play a significant role integrated into everyday workflows has risen from 55% to 62%. However, 87% still expect AI to have a major role in development but the emphasis has moved from complete reinvention to practical, embedded assistance. That pragmatism suggests an industry moving past the experimentation phase and beginning to judge AI on the same terms as any other tool in the toolchain and whether it measurably shortens the workload in front of them.

"The industry has spent several years talking about SDVs as a design ambition, but as the data shows, resources during that time have been concentrated on the middleware layer," said Maite Bezerra, Senior Principal Analyst at Omdia. "When teams exhaust resources building custom infrastructure instead of standardizing foundational layers, they miss the point. Innovation in middleware is not only challenging for companies that aren't software-first, but it also doesn't drive direct customer value. Until automakers step away from the plumbing and focus on the application layer, they will continue to lack a solid business case for SDVs."

Additional sources:

Download a copy of the 2026 Under the Hood: SDV Developer Report to learn more.Read more about the key findings from the report, and how leaders can take action now on the QNX blog.Listen to the latest Code the Future podcast episode with Omdia's Maite Bezerra to explore the themes and wider industry impact.For more information on QNX, visit QNX.software and follow @QNX News.

ENDS

Methodology: This online survey of 1,100 embedded automotive software developers was commissioned by QNX and conducted by market research company OnePoll, in accordance with the Market Research Society's Code of Conduct. Data was collected between [20/07/2026] and [04/08/2026]. All participants are double-opted-in to take part in research and are paid an amount depending on the length and complexity of the survey. This survey was overseen and edited by the OnePoll research team. OnePoll is an MRS Company Partner, a corporate member of ESOMAR, and a member of the British Polling Council.

About BlackBerry
BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company's high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.

Safe. Certified. Secure.

For more information visit BlackBerry.com and follow BlackBerry on LinkedIn

About QNX
QNX, a division of BlackBerry Limited (NYSE:BB)(TSX:BB), provides the trusted foundation that software-defined and physical AI systems depend on to operate safely and predictably in the real world. For nearly half a century, QNX has powered safety-critical applications where failure is not an option. The business leads the way in delivering safe and secure operating systems, hypervisors, middleware, solutions, and development tools, along with the support and services delivered by trusted embedded software experts. Today, QNX technology underpins hundreds of millions of vehicles on the road and a wide range of mission-critical systems across industrial controls, robotics, medical devices, commercial transportation, rail, and aerospace and defense. QNX is headquartered in Ottawa, Canada. Learn more at qnx.software.

©2026 BlackBerry Limited. Trademarks, including but not limited to BLACKBERRY and EMBLEM Design are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved. All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.

Media Contacts:
BlackBerry Media Relations
+1 (519) 597-7273
[email protected]

SOURCE: QNX

Louisbourg Investments Inc. bought a new stake in shares of BlackBerry Limited (NYSE:BB – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 762,100 shares of the company’s stock, valued at approximately $6,897,000. Louisbourg Investments Inc. owned approximately 0.13% of BlackBerry at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Pension & Wealth Management Advisors Inc. acquired a new position in shares of BlackBerry in the third quarter worth about $28,000. CoreCap Advisors LLC purchased a new position in BlackBerry in the second quarter valued at about $31,000. Integrated Wealth Concepts LLC purchased a new position in BlackBerry in the second quarter valued at about $31,000. Elevation Wealth Partners LLC purchased a new position in BlackBerry in the second quarter valued at about $32,000. Finally, Wealthfront Advisers LLC acquired a new stake in BlackBerry during the 1st quarter valued at approximately $34,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades
Several research firms have issued reports on BB. Canaccord Genuity Group dropped their price objective on BlackBerry from $10.30 to $9.50 and set a “hold” rating on the stock in a report on Friday, September 25th. TD Securities reaffirmed a “hold” rating and issued a $8.00 target price on shares of BlackBerry in a research report on Friday, June 26th. Stifel Nicolaus began coverage on BlackBerry in a research note on Wednesday, June 24th. They set a “buy” rating and a $12.00 target price for the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $9.00 target price on shares of BlackBerry in a research note on Monday, September 21st. Finally, TD raised their price target on shares of BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, BlackBerry currently has an average rating of “Hold” and an average target price of $9.86.

Check Out Our Latest Analysis on BB
BlackBerry Stock Performance
Shares of BB stock opened at $8.86 on Wednesday. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 73.85 and a beta of 2.20. BlackBerry Limited has a one year low of $3.12 and a one year high of $13.59. The company’s 50-day simple moving average is $8.33 and its 200-day simple moving average is $8.06. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.38 and a current ratio of 2.38.

BlackBerry (NYSE:BB – Get Free Report) last announced its quarterly earnings data on Thursday, September 24th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. BlackBerry had a return on equity of 13.71% and a net margin of 13.09%. The firm had revenue of $166.56 million during the quarter, compared to analyst estimates of $144.22 million. During the same period in the previous year, the company earned $0.04 earnings per share. BlackBerry’s quarterly revenue was up 26.0% on a year-over-year basis. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. Equities analysts anticipate that BlackBerry Limited will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling
In other news, insider John Christopher Wall sold 3,474 shares of BlackBerry stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $9.18, for a total value of $31,891.32. Following the completion of the transaction, the insider owned 13,924 shares in the company, valued at approximately $127,822.32. This trade represents a 19.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jennifer Armstrong-Owen sold 3,379 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $8.36, for a total value of $28,248.44. Following the completion of the sale, the senior vice president owned 113,904 shares of the company’s stock, valued at $952,237.44. This trade represents a 2.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 134,433 shares of company stock worth $1,196,595. 0.51% of the stock is currently owned by insiders.

BlackBerry Profile
(Free Report)

BlackBerry Limited (NYSE:BB) is a Canadian software company headquartered in Waterloo, Ontario. Once best known for its BlackBerry smartphones and secure mobile messaging, the company has transitioned away from manufacturing smartphones and now focuses on cybersecurity and Internet of Things (IoT) software.

BlackBerry’s cybersecurity business provides endpoint security, unified endpoint management, secure communications and other tools designed to protect devices, applications and data.

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BlackBerry's QNX division just landed the biggest design win in its history, and a record royalty backlog is sending the stock surging past its auto-tech rivals. The question is whether that backlog ever becomes real revenue.

A record royalty backlog at QNX, the embedded software business that supplies operating systems to automakers, is driving the biggest move among auto-tech names. BlackBerry Limited (NYSE:BB) shares are up 6% to $8.61 this morning, a gain that outpaces its closest vehicle-technology peers.

Meanwhile, Aptiv (NYSE:APTV | APTV Price Prediction) stock is up 1% to $45.07, a modest advance beside the jump in BlackBerry shares. Mobileye Global (NASDAQ:MBLY) shares are up 0.5% to $7.23, barely shifting next to BlackBerry stock and Aptiv stock. That spread points to a company-specific catalyst for BlackBerry.

Fund performance shows how narrow the rally is. The Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) is up 1% to $30.92, and the fund counts both BlackBerry shares and Mobileye Global shares among its holdings. For broad-market context, tighter buying shows up in the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), which is up 0.36% to $769.24.

Record QNX Backlog Sparks the Rally
BlackBerry announced that the royalty backlog at its QNX division exceeded $1.2 billion, a record for the business. Adoption of QNX’s latest Software Development Platform and the first design win for Alloy Kore, BlackBerry’s core automotive operating system, drove the increase. That Alloy Kore award ranks as the largest design win in QNX’s history.

Coretura, the commercial-vehicle joint venture formed by Volvo Group and Daimler Truck, picked Alloy Kore. Alloy Kore is the platform behind BlackBerry’s first award in that product line. The win gives BlackBerry’s newest QNX product its first commercial validation, and it extends the reach of QNX from passenger cars into heavy trucks.

Wins across robotics, industrial automation and medical devices also added to BlackBerry’s backlog. Chief Executive John Giamatteo stated that the backlog growth reflects “strong demand for our foundational software and the impact of our next generation of products.”. Those non-automotive contracts show QNX spreading into embedded markets well beyond the car.

Auto-Tech Peers Trail BlackBerry
BlackBerry’s QNX supplies the operating system underneath software-defined cars and earns royalties per vehicle. Mobileye, by comparison, sells driver-assistance chips and systems, while Aptiv supplies vehicle safety and computing platforms to automakers. QNX’s royalty structure ties its revenue to each vehicle that ships with its software, a different model from the chip and systems sales at Mobileye and Aptiv.

Aptiv and Mobileye sell into the same automaker base that QNX serves. However, Aptiv stock and Mobileye stock are posting only small gains next to BlackBerry shares, which marks the rally as specific to the QNX backlog announcement. DRIV’s modest advance points the same way, since BlackBerry shares are just one of its many holdings.

How QNX Turns Design Wins Into Royalties
QNX counts estimated future royalties in BlackBerry’s backlog once it secures a design win. Its revenue from those royalties is recognized only as customer programs enter production and volumes ramp. That gap in timing means the record backlog describes future potential, and the revenue shows up later as vehicles ship.

BlackBerry’s bull case rests on visibility, since a deeper backlog gives QNX a clearer view of future royalty revenue across autos and embedded markets, while timing is the bear case, because the return depends on automakers putting these programs into production. Production delays or lower vehicle volumes could push that revenue further out than the backlog headline suggests.

Production Ramp Holds the Key for BlackBerry
QNX’s record backlog supports the long-term case for BlackBerry, while the speed of revenue recognition stays in customers’ hands, as a record figure signals demand and the conversion pace sets how quickly that demand reaches BlackBerry’s income statement.

The takeaway: BB stock investors should consider keeping their position sizes modest until the QNX production ramp resolves.

Contact [email protected] for any questions or corrections.

Key Takeaways BB introduces QNX Launchpad to help startups develop commercial products for mission-critical applications.Eligible businesses with up to $10M in annual revenue gain access to QNX software at startup-friendly costs.The initiative supports BlackBerry's expansion into robotics and medical devices beyond automotive. BlackBerry Limited (BB - Free Report) has introduced QNX Launchpad, a new initiative aimed at helping startups and small and medium-sized businesses (SMBs) develop commercial products for mission-critical applications. The program provides eligible companies with access to production-ready QNX software at startup-friendly costs, allowing them to allocate more resources toward product development, talent acquisition and business expansion.

The initiative comes as physical AI and software-defined systems gain traction across industries. Technologies such as autonomous mobile robots, robotic arms and surgical robots are increasingly moving beyond research environments into commercial applications. For emerging businesses developing these products, selecting a reliable software foundation early can be crucial to ensuring safety, scalability, performance and faster time to market.

QNX Launchpad addresses the financial challenges associated with adopting commercial-grade software during the initial stages of product development. Through the program, qualifying businesses can access the QNX Software Development Platform (SDP) 8.0, enabling them to build products on a dependable software architecture without making substantial upfront investments.

The program includes access to QNX development seats, QNX OS, QNX OS for Safety, QNX Hypervisor, QNX Hypervisor for Safety, QNX Sound and other commercial software offerings. Participants can also benefit from technical assistance, embedded engineering expertise and a broader ecosystem of compatible hardware, software and development tools.

Eligibility extends to startups and SMBs generating annual revenues of up to $10 million and developing products for commercial sale. Businesses associated with recognized incubators or accelerator programs may qualify for additional benefits.

QNX Launchpad complements the existing QNX Everywhere initiative, which offers free software access for non-commercial learning, evaluation and prototyping. Together, these programs aim to encourage early adoption of QNX technology and support companies as they transition toward commercial deployment.
The launch also aligns with BlackBerry's strategy to expand QNX beyond automotive into general embedded markets, including robotics, industrial automation and medical devices. In second-quarter fiscal 2027, management highlighted these markets as important long-term growth opportunities.

BlackBerry operates in competitive and rapidly evolving markets where product capabilities, pricing, reliability and compatibility influence customer decisions. QNX faces ongoing requirements to invest in software development, safety certification and ecosystem integration as automotive and embedded systems become more complex.

Taking a Look at BB’s CompetitorsBlackBerry faces stiff competition from NVIDIA Corporation (NVDA - Free Report) , Qualcomm Incorporated (QCOM - Free Report) , CrowdStrike Holdings (CRWD - Free Report) and others.

NVIDIA continues to benefit from broad demand for accelerated computing as customers build AI factories across hyperscalers, AI clouds, enterprises and sovereign buyers. NVIDIA recently announced the expansion of its open-source CUDA-Q platform with CUDA-Q Logical, an orchestration layer designed to accelerate the development and testing of fault-tolerant quantum computing applications.

Quantum is benefiting from rising demand for cost-efficient data storage, supported by adoption of ActiveScale object storage and Scalar tape systems. For the second quarter of fiscal 2027, Quantum expects revenues of $82 million, plus or minus $2 million.

CrowdStrike benefits from durable cybersecurity demand, broader Falcon adoption, expanding AI security capabilities and rising use of Falcon Flex. CrowdStrike recurring subscription model, healthy liquidity and free cash flow generation also support continued investment and customer expansion.

New program gives qualifying startups and SMBs access to commercial-grade software on terms designed to support early-stage growth

WATERLOO, ON / ACCESS Newswire / October 14, 2026 / QNX, a division of BlackBerry Limited (NYSE:BB)(TSX:BB) today announced QNX® Launchpad, a new program designed to give startups and early stage companies the tools to more easily build commercial products for mission-critical environments from day one. QNX Launchpad provides eligible companies with access to production-ready foundational software under startup-friendly costs, which may permit more of their early budget to be available to invest in their product, team and growth.

Physical AI and software-defined systems such as autonomous mobile robots (AMRs), robotic arms, and surgical robots are moving rapidly from research labs into real world applications, with young, emerging companies helping transform countless industries seemingly virtually overnight. Amidst this backdrop, early software architectural decisions may be critical as they may have long-term implications on product safety, reliability, scalability and time to market. This is the trusted foundation that QNX has provided for nearly half a century across industries including automotive, industrial automation, robotics, medical devices, rail, and more.

Start with the platform your product can scale with

Early-stage teams may want to build on commercial-grade platforms, but upfront software costs may be difficult to justify while teams, budgets and revenues are still growing. QNX Launchpad helps lower that barrier by giving qualifying companies access to commercial QNX software development platform (SDP) 8.0, so architectural decisions may be guided by technical requirements rather than cost alone. With QNX Launchpad, teams can build on QNX from the start and continue using the same trusted technology foundation as their products mature from early-stage development to commercial deployment.

Supporting the next generation of mission-critical products

"Too many promising companies are forced to make foundational software decisions based on short-term budget realities, rather than what their products will ultimately need to perform safely and reliably in the real world," said Grant Courville, SVP of Product and Strategy at QNX. "QNX Launchpad changes that. It gives startups and emerging companies access to the same trusted technology foundation used in some of the world's most demanding systems, from the very beginning of their development journey. If a product is being built for commercial deployment, safety-critical environments or long-term scale, we believe the right foundation should not be something teams only reach for later. It should be there from day one."

What QNX Launchpad includes

Qualifying companies receive access to QNX SDP development seats, QNX® OS and QNX® OS for Safety, QNX® Hypervisor and QNX® Hypervisor for Safety, QNX® Sound and other software from the QNX product portfolio for commercial use. Participants can also access QNX technical support, embedded engineering expertise, and an ecosystem of hardware support, software, tools and services to help ensure the success of their product program.

Who QNX Launchpad is for

QNX Launchpad is designed for qualifying startups, small and medium-sized businesses, with annual revenues of up to $10 million USD who are developing a product for commercial sale. Companies that are part of a recognized incubator or accelerator programme are eligible for additional benefits.

QNX Launchpad complements the existing QNX Everywhere initiative, which provides free, non-commercial access for learning, evaluation and prototyping. Companies can apply for QNX Launchpad directly or after gaining experience through QNX Everywhere.

For more information on QNX Launchpad and to apply to the program, visit https://qnx.software/en/software/products-and-solutions/qnx-launchpad and follow @QNX News.

ENDS

About BlackBerry

BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company's high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.

Safe. Certified. Secure.

For more information visit BlackBerry.com and follow BlackBerry on LinkedIn

About QNX
QNX, a division of BlackBerry Limited (NYSE:BB)(TSX:BB), provides the trusted foundation that software-defined and physical AI systems depend on to operate safely and predictably in the real world. For nearly half a century, QNX has powered safety-critical applications where failure is not an option. The business leads the way in delivering safe and secure operating systems, hypervisors, middleware, solutions, and development tools, along with the support and services delivered by trusted embedded software experts. Today, QNX technology underpins hundreds of millions of vehicles on the road and a wide range of mission-critical systems across industrial controls, robotics, medical devices, commercial transportation, rail, and aerospace and defense. QNX is headquartered in Ottawa, Canada. Learn more at qnx.software.

Trademarks, including but not limited to BLACKBERRY and EMBLEM Design are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved. All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.

Media Contacts:

BlackBerry Media Relations
+1 (519) 597-7273
[email protected]

SOURCE: QNX

Key Takeaways BB rose 13.3% in a week, supported by stronger earnings, record QNX revenues and raised guidance.QNX revenues jumped 27.3% to a record $80.3 million, while adjusted EBITDA rose 41.5% to $29 million.BB trades at 8.0X EV/Sales versus its 3.8X five-year median, raising the bar for growth and execution. BlackBerry Limited (BB - Free Report) shares gained 13.3% over one week, renewing attention on whether improving operating trends can sustain the move. Record QNX performance, stronger profitability and higher fiscal 2027 guidance provide fundamental support.

The counterweight is valuation. With the stock trading well above its five-year EV/Sales median, continued upside may depend on QNX growth, cash generation and consistent execution across the company’s businesses.

BlackBerry’s Weekly Rally Meets Stronger FundamentalsSecond-quarter fiscal 2027 revenues rose 26% year over year to $163.3 million. Adjusted EBITDA climbed 81% to $47 million, representing 29% of revenues, as higher-margin QNX royalties and licensing supported operating leverage.

Image Source: Zacks Investment Research

Operating cash flow improved to $29.3 million from $3.4 million a year earlier.

BB’s QNX Business Delivers Record GrowthQNX revenues increased 27.3% year over year to a quarterly record of $80.3 million. Adjusted EBITDA advanced 41.5% to $29 million, while adjusted gross margin expanded four percentage points to 87%.

Development-license activity remained healthy, and previously awarded programs are moving into production. The first Alloy Kore design win added more than $100 million to QNX royalty backlog. NVIDIA Corporation (NVDA - Free Report) , with its Hyperion platform for robotaxi and Level 4 vehicle development, highlights the broader physical-AI ecosystem QNX is targeting.

BlackBerry Raises Its Fiscal 2027 OutlookManagement raised fiscal 2027 revenue guidance to $616-$636 million and adjusted EBITDA guidance to $141-$158 million. The company also lifted its operating cash flow outlook to approximately $115 million.

QNX revenue guidance increased to $315-$325 million, with adjusted EBITDA projected at $95-$105 million. Management cited automotive momentum and royalty-backlog conversion as key drivers for the segment.

BB Still Faces Retention and Contract-Timing RisksSecure Communications revenues were $60.9 million, up 1.7% year over year but down from $73.6 million in the prior quarter. Dollar-based net retention slipped to 91% from 92% sequentially, while adjusted EBITDA declined 17.5% year over year to $8 million.

Larger government opportunities can create quarterly variability because of long sales cycles, and automotive program timing can delay QNX royalties. Microsoft Corporation (MSFT - Free Report) , whose Entra ID platform centers on identity and access management, is relevant to the same security ecosystem in which BlackBerry is extending AtHoc integrations.

BlackBerry’s Valuation Raises the BarBlackBerry trades at 8.0X trailing 12-month EV/Sales, compared with a five-year median of 3.8X. That premium suggests the market is already assigning substantial value to the company’s improving growth and profitability profile.

The valuation does not eliminate upside, but it raises the execution threshold. QNX royalty conversion, cash flow and steadier Secure Communications performance may need to remain favorable for the stock to support a higher multiple.

BB’s Growth and Momentum Scores Support the SetupThe stock currently carries a Zacks Rank #3 (Hold), which argues against treating the recent rally as a clear near-term buy signal. The rank is consistent with a more balanced stance after the sharp weekly advance.

BlackBerry has a Growth Score of A, Momentum Score of A and VGM Score of B, while its Value Score of F points to valuation risk. The combination supports the growth and momentum case, but the Hold rank and weak value profile favor selectivity rather than chasing the move. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways BB secured its first Alloy Kore design win with Coretura, its largest QNX award to date.The Coretura deal adds over $100 million in future royalties to QNX's $950M backlog.Alloy Kore's price is roughly 3x current QNX deployments, but its FY2027 revenue impact will be limited. BlackBerry Limited (BB - Free Report) has secured its first Alloy Kore design win, giving investors a clearer view of how the platform could expand QNX’s role in software-defined vehicles. The Coretura award is the largest design win in QNX history.

The agreement adds more than $100 million in expected future royalties. That creates a meaningful long-term opportunity, although the timing of production will determine when those royalties become revenues.

BlackBerry Lands a Landmark Alloy Kore WinCoretura, the commercial-vehicle software joint venture between Volvo Group and Daimler Truck, selected Alloy Kore as the foundational software platform for its next-generation high-performance compute architecture. The planned deployment spans multiple software domains.

The win moves Alloy Kore from a strategic initiative to commercial validation. BlackBerry designed the platform with Vector middleware, common automotive services and QNX foundational software to reduce integration complexity for automakers.

BB Adds More Than $100 Million to QNX BacklogThe Coretura award is expected to contribute more than $100 million of future royalties. QNX’s royalty backlog stood at approximately $950 million at the end of fiscal 2026, giving the new contract notable scale relative to the existing base.

Backlog does not equal immediate revenue. Royalties generally depend on awarded vehicle programs reaching production, so the added value improves BlackBerry’s long-term visibility rather than providing an instant lift to reported results.

BlackBerry Can Capture More Software Value per VehicleManagement said the Alloy Kore average selling price per instance in the Coretura win is approximately three times the customer’s current QNX operating-system deployment. That supports BlackBerry’s strategy of moving higher in the automotive software stack.

The broader industry is also investing in centralized vehicle computing. NVIDIA Corporation (NVDA - Free Report) positions its Hyperion platform as a production-ready architecture for autonomous vehicles, while Qualcomm Incorporated (QCOM - Free Report) offers the Snapdragon Digital Chassis as an integrated platform for software-defined vehicles. Those efforts underscore the shift toward software-heavy vehicle architectures.

BB’s Near-Term Revenue Benefit Will Be LimitedThe size of the award should not be confused with near-term revenue. Management does not expect the Coretura design win to materially change BlackBerry’s fiscal 2027 revenue profile because most royalties will be realized after vehicles enter production.

That timing makes execution important. Production schedules, program launches and customer volumes will determine the pace at which the contracted opportunity converts into QNX revenue and cash flow.

BlackBerry’s Win Broadens Its Automotive OpportunityCoretura gives BlackBerry a reference customer for Alloy Kore and supports its push to increase software content per vehicle. QNX is also benefiting from growing adoption of higher-performance centralized computing architectures and multiple QNX instances in a single vehicle.

BlackBerry said it is pursuing additional Alloy Kore opportunities with global automakers and major Tier 1 suppliers, particularly in Europe and Asia. Further wins could expand QNX’s royalty runway, but each program will still carry a lead time before production revenue becomes material.

BB’s Growth Profile Gets Support From QNXThe Alloy Kore win strengthens the long-term QNX opportunity, but it does not remove the timing risk between design wins and royalty recognition. Investors therefore have a larger contracted opportunity to monitor, not an immediate earnings contribution of the same size.

BlackBerry currently carries a Zacks Rank #3 (Hold). Its Growth Score of A and Momentum Score of A are favorable, while the Value Score of F points to weaker value characteristics. The VGM Score of B is constructive, but the Zacks Rank suggests a measured stance while investors track execution and backlog conversion.  You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways BlackBerry's Dynamic Pairing identifies equipment relationships to help prevent incorrect connections.Gulf Winds uses Dynamic Pairing to verify chassis connections, avoid missed deliveries and reduce costs.BB reported 26% revenue growth and 81% higher adjusted EBITDA in fiscal 2027's second quarter. BlackBerry Limited (BB - Free Report) has expanded its BlackBerry Radar Asset Intelligence Platform for Transportation with Dynamic Pairing, a new functionality designed to help operators understand how transportation assets are connected, identify equipment errors earlier and avoid unnecessary costs.

Dynamic Pairing goes beyond asset location tracking and traditional tractor-to-trailer pairing. When a driver connects to equipment, Radar identifies relationships among tractors, trailers, chassis, flatbeds, containers and other equipment. This helps operators detect incorrect connections and take action before they result in operational issues.

Gulf Winds is using Dynamic Pairing to identify incorrect chassis connections before they lead to missed deliveries or additional costs. The technology provides confirmation data when a driver connects to equipment, helping the company verify that the correct chassis is being used. Gulf Winds can also use its private chassis fleet instead of pool equipment where possible, helping reduce costs.

For transportation operators, Dynamic Pairing can help prevent wasted trips caused by incorrect trailer or chassis connections, reduce reliance on pool chassis, accelerate container pickup, limit detention and demurrage exposure, and improve billing and proof-of-pickup accuracy. The functionality supports asset relationships across fleets, yards, ports and intermodal operations.

Dynamic Pairing works with supported BlackBerry Radar devices and compatible Bluetooth Low Energy-enabled equipment, allowing customers to build on existing technology investments across mixed-device environments. Integrations with partners such as ISAAC can also bring Radar pairing intelligence into ELD workflows for driver-facing validation at the point of connection.

The launch comes as BlackBerry continues to report growth across its businesses. In the second quarter of fiscal 2027, revenue rose 26% year over year, and adjusted EBITDA increased 81%. The company generated $29 million in operating cash flow and raised its full-year revenue and adjusted EBITDA outlook.

Taking a Look at BB’s CompetitorsCrowdStrike Holdings, Inc. (CRWD - Free Report) is benefiting from durable cybersecurity demand, broader Falcon adoption, expanding AI security capabilities and rising use of Falcon Flex. Its recurring subscription model, healthy liquidity and free cash flow generation also support continued investment and customer expansion. For the third quarter of fiscal 2027, CRWD expects revenues between $1.52 billion and $1.53 billion. ARR is projected between $6.18 billion and $6.189 billion, while non-GAAP earnings are expected to be approximately 31 cents per share. For fiscal 2027, revenues are now projected between $5.99 billion and $6.01 billion, with ARR of $6.60 billion to $6.61 billion.

Aptiv PLC (APTV - Free Report) is gaining from a diversified portfolio, strong vehicle architecture capabilities and expanding exposure to high-growth non-automotive markets. Engineered Components benefits from demand for high-voltage architectures, interconnects and cable management, while Intelligent Systems is gaining from software, sensors and high-performance computing platforms. The company is also expanding into robotics, drones, energy storage, aerospace and defense, reducing its reliance on traditional automotive demand. New commercial awards, including robotics and drone programs, are strengthening its long-term growth prospects. Aptiv’s collaboration with NVIDIA on edge AI platforms further supports innovation. Meanwhile, the Versigent separation has reduced debt and interest costs, enabling continued investments and share repurchases.

BB Price Performance, Valuation & EstimatesShares of BlackBerry have surged 129.6% in the past six months compared with the Internet-Software industry’s growth of 29.2%.

Image Source: Zacks Investment Research

Regarding the price/book ratio, BB is trading at 6.5, higher than the industry’s multiple of 5.44.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for BB earnings for fiscal 2027 has been revised upward over the past 60 days.

Image Source: Zacks Investment Research

BlackBerry currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Dynamic Pairing addresses a costly industry challenge, helping Gulf Winds prevent delivery errors and reduce avoidable chassis costs

WATERLOO, ON / ACCESS Newswire / October 7, 2026 / BlackBerry Limited (NYSE:BB)(TSX:BB) today announced BlackBerry® Radar® Dynamic Pairing, expanding its Asset Intelligence Platform for Transportation with functionality that helps operators understand how critical transportation assets are connected, identify operational mistakes earlier and avoid unnecessary costs.

Dynamic Pairing moves beyond knowing where an asset is located and beyond traditional tractor-to-trailer pairing. When a driver connects to equipment, Radar identifies the asset relationship across tractors, trailers, chassis, flatbeds, containers and other equipment. That pairing intelligence helps operators understand how critical transportation assets are connected, identify incorrect equipment connections earlier and make better decisions across complex transportation networks.

Gulf Winds Uses Pairing Intelligence to Prevent Costly Mistakes

Gulf Winds is using Dynamic Pairing to help identify incorrect equipment connections before they result in missed deliveries or unnecessary costs. When a driver connects to equipment, Dynamic Pairing generates confirmation data that helps Gulf Winds identify when the wrong chassis is connected and act before the mistake becomes an operational problem.

"Making sure each driver is hooked to the correct chassis and carrying the correct container, means we make the right delivery to our customers every time," said Alysse Ligon, Director of Innovation, Gulf Winds. "If the wrong chassis is connected, we can stop a missed delivery before it happens. We also cut costs by using our private chassis fleet instead of pool equipment wherever possible. That's real savings straight to our bottom line."

From Asset Relationships to Operational Action

For transportation operators, understanding how equipment is connected can have a direct operational and economic impact. Dynamic Pairing can help customers: identify the wrong trailer or chassis before a trip is wasted; reduce unnecessary use of pool chassis; accelerate container pickup; reduce detention and demurrage exposure; and, improve billing and proof-of-pickup accuracy.

"Our customers consistently tell us that understanding where an asset is located is no longer enough, they need to know how their equipment is connected and whether the right assets are moving together," said Jason Anderson, Strategic Initiatives Director, BlackBerry Radar. "Incorrect pairings can lead to avoidable costs, service failures and significant operational risk. Dynamic Pairing transforms those asset relationships into actionable intelligence, helping customers operate more efficiently and confidently."

Extending Pairing Across the Transportation Asset Ecosystem

Dynamic Pairing supports relationships across tractors, multiple trailer types, chassis, flatbeds, containers and other non-powered equipment. This broader approach helps customers understand how assets are connected across fleets, yards, ports and intermodal operations. It works with supported BlackBerry Radar devices and compatible Bluetooth Low Energy-enabled equipment, helping customers build on existing technology investments across mixed-device environments. Through integrations with partners such as ISAAC, Radar pairing intelligence can also inform ELD workflows with critical equipment relationship information that supports driver-facing validation at the point of connection.

For retailers and other beneficial cargo owners, those asset relationships can have a direct impact on service. A trailer or container connected to the wrong equipment can create delays that ripple through distribution centers and stores. Dynamic Pairing provides another layer of asset intelligence that can help operators identify those mismatches earlier and keep freight moving through the network as intended.

For more information, visit https://blackberryradar.com/dynamic-pairing or contact the BlackBerry Radar team.

About BlackBerry

BlackBerry (NYSE: BB)(TSX: BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company's high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.

Safe. Certified. Secure.

For more information visit BlackBerry.com and follow BlackBerry on LinkedIn

Trademarks, including but not limited to BLACKBERRY and EMBLEM Design are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved. All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.

# # #

Media Contacts:

BlackBerry Media Relations
+1 (519) 597-7273
[email protected]

SOURCE: BlackBerry

BlackBerry (BB - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Over the past month, shares of this cybersecurity software and services company have returned +18.8%, compared to the Zacks S&P 500 composite's -0.4% change. During this period, the Zacks Internet - Software industry, which BlackBerry falls in, has gained 8.9%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

BlackBerry is expected to post earnings of $0.05 per share for the current quarter, representing no change from the year-ago quarter. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

The consensus earnings estimate of $0.21 for the current fiscal year indicates a year-over-year change of +31.3%. This estimate has changed +30.8% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $0.23 indicates a change of +9.5% from what BlackBerry is expected to report a year ago. Over the past month, the estimate has changed +1.5%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, BlackBerry is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For BlackBerry, the consensus sales estimate for the current quarter of $148.5 million indicates a year-over-year change of +4.7%. For the current and next fiscal years, $628.84 million and $682.59 million estimates indicate +14.5% and +8.5% changes, respectively.

Last Reported Results and Surprise HistoryBlackBerry reported revenues of $163.3 million in the last reported quarter, representing a year-over-year change of +26%. EPS of $0.07 for the same period compares with $0.04 a year ago.

Compared to the Zacks Consensus Estimate of $143 million, the reported revenues represent a surprise of +14.2%. The EPS surprise was +75%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

BlackBerry is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about BlackBerry. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

BlackBerry's QNX unit just landed its biggest automotive design win ever, and the ripple pushed the stock sharply higher alongside major cybersecurity names, but the real question is how long before that deal actually shows up in revenue.

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BlackBerry (NYSE:BB) stock advanced 5% to $9.14 on Wednesday, supported by continued momentum in its QNX automotive software business. Palo Alto Networks (NASDAQ:PANW | PANW Price Prediction) shares gained 4% to $403.01, while CrowdStrike Holdings (NASDAQ:CRWD) stock edged up 2% to $267.60. Cybersecurity and software names broadly participated as investors tracked design wins and raised guidance at BlackBerry.

The First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR) rose 2% to $103.91. Broader markets also moved higher, with the SPDR S&P 500 ETF Trust (NYSE ARCA:SPY) up 0.58% to $768.60. BlackBerry’s recent progress centers on QNX strength and a major Alloy Kore design win, even as Secure Communications remains pressured by delayed government deals.

BlackBerry Highlights QNX and Alloy Kore Progress BlackBerry reported record QNX revenue of $80.3 million in the latest quarter, up 27% year over year, and raised its fiscal 2027 QNX outlook to $315 million to $325 million. The company also secured its first Alloy Kore design win with Coretura, the commercial-vehicle software joint venture between Volvo Group and Daimler Truck. The award is expected to generate more than $100 million in future royalties and ranks as QNX’s largest design win to date.

Alloy Kore combines QNX foundational software with Vector middleware into a pre-integrated, safety-certified platform aimed at software-defined vehicles. The average selling price per instance is roughly three times higher than the customer’s current QNX operating-system deployment. Most of the royalty revenue will be recognized only after production begins, which is typical for automotive design wins.

Palo Alto Networks and CrowdStrike Also Advance Palo Alto Networks stock posted a solid gain on the day. The company provides cybersecurity platforms that protect networks, cloud environments, and endpoints for enterprise and government customers. Palo Alto Networks shares have benefited from ongoing demand for comprehensive security solutions amid rising cyber threats.

CrowdStrike stock also moved higher, though more modestly. CrowdStrike focuses on cloud-native endpoint protection and threat intelligence delivered through its Falcon platform. Both Palo Alto Networks and CrowdStrike operate in the broader cybersecurity market that has seen steady institutional interest this year, even as individual names respond to their own earnings and product cycles.

Cybersecurity Group Sees Broader Support The First Trust NASDAQ Cybersecurity ETF’s advance reflected participation across multiple security software names. BlackBerry’s QNX business is expanding beyond traditional automotive applications into areas such as robotics, industrial automation, and physical AI. A recent collaboration involving QNX OS for Safety further illustrates efforts to broaden the platform’s reach.

Similarities among BlackBerry, Palo Alto Networks, and CrowdStrike include exposure to software platforms that address safety, security, and embedded computing needs. Differences appear in end markets, with BlackBerry more heavily tied to automotive and embedded systems while the other two concentrate on enterprise cybersecurity. Secure Communications at BlackBerry continues to face headwinds from slower government contract timing.

Outlook and Investor Considerations BlackBerry’s raised QNX guidance and the Alloy Kore win add visibility to longer-term royalty streams, yet conversion into reported revenue will take time. Secure Communications remains a source of uncertainty until delayed deals materialize. Palo Alto Networks and CrowdStrike face their own competitive and valuation dynamics within the cybersecurity sector.

Investors should consider keeping position sizes modest given the volatility that can accompany software and cybersecurity stocks. Further design wins, execution on the raised QNX outlook, and stabilization in Secure Communications could support BlackBerry stock, while any setbacks may pressure sentiment across the group.

Contact [email protected] for any questions or corrections.

Production begins in 2027, with projected volumes of several million units within three years

SHANGHAI, CN / ACCESS Newswire / September 28, 2026 / QNX, a division of BlackBerry Limited (NYSE:BB)(TSX:BB), and neueHCT, the intelligent driving company jointly established by Horizon Robotics and AUMOVIO, are pleased to announce that a major German automaker has selected neueHCT's QNX-powered HCT Luna High-Performance Smart Camera Solution for a global passenger vehicle platform launching in China. The landmark program extends across Australia, New Zealand, Japan and South Korea, establishing a foundation for further global expansion.

The win marks the HCT Luna High-Performance Smart Camera Solution's first major global program powered by QNX and moves the product from individual vehicle applications to large-scale deployment across multiple platforms and models. Built on Horizon Robotics' Journey® 6B automotive compute platform and powered by QNX® OS for Safety 8.0, the HCT Luna High-Performance Smart Camera Solution will be deployed in vehicles sold in China and multiple international markets, including Australia, New Zealand,Japan and South Korea. Production is set to begin in 2027, with projected volumes of several million units within the first three years.

"Securing this win demonstrates that neueHCT's solution has met the technical standards required by global OEMs," said Simon Zhang, COO of neueHCT. "By combining our scalable intelligent driving architecture with Horizon Robotics' Journey 6B platform and QNX OS for Safety 8.0, we are providing automakers with a high-quality solution that meets market access requirements and user needs across diverse overseas markets and regions."

Designed to make advanced active safety and a front view smart camera available as standard equipment in mass-production vehicles, the HCT Luna High-Performance Smart Camera Solution supports capabilities including Automatic Emergency Braking, Lane Departure Warning and Traffic Light Recognition, while also providing support in frequently encountered scenarios such as vehicle cut-ins, sharp curves, construction zones and vehicle centering where lane markings are limited or unavailable.

The HCT Luna High-Performance Smart Camera Solution's platform-based, scalable algorithm architecture enables the solution to be efficiently adapted across different vehicle platforms, helping automakers shorten development and introduction cycles while supporting consistent functionality across multiple models, regional configurations and road environments. QNX OS for Safety 8.0 provides the trusted software foundation for this approach, delivering deterministic performance, fault isolation and real-time responsiveness while also being certified to ISO 26262 ASIL D, the automotive industry's highest functional safety integrity level, and assessed to ISO/SAE 21434 for automotive cybersecurity.

"Automakers need intelligent driving solutions that can deliver safety, predictable performance and flexibility across increasingly complex vehicle programs," said John Wall, President at QNX. "This program demonstrates the role QNX OS for Safety 8.0 can play in helping scale advanced driver assistance capabilities across platforms, models and markets. We are proud to provide the trusted, real-time software foundation for this important milestone and look forward to helping advance its rollout around the world."

QNX is trusted as the foundation for a software-driven future by most leading OEMs and Tier 1s worldwide, including BMW, Bosch, Continental, Geely, Honda, Mercedes-Benz, Toyota, Volkswagen, Volvo, and more. Its foundational software supports future-proof engineering design, from digital cockpits and advanced driver assistance systems (ADAS) to zonal and domain controllers, enabling automakers to bring innovation to market faster and at lower cost.

For more information on QNX, visit QNX.com and follow @QNX News.

About BlackBerry

BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company's high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.

About QNX

QNX, a division of BlackBerry Limited (NYSE:BB)(TSX:BB), provides the trusted foundation that software-defined and physical AI systems depend on to operate safely and predictably in the real world. For nearly half a century, QNX has powered safety-critical applications where failure is not an option. The business leads the way in delivering safe and secure operating systems, hypervisors, middleware, solutions, and development tools, along with the support and services delivered by trusted embedded software experts. Today, QNX technology underpins hundreds of millions of vehicles on the road and a wide range of mission-critical systems across industrial controls, robotics, medical devices, commercial transportation, rail, and aerospace and defense. QNX is headquartered in Ottawa, Canada. Learn more at qnx.software.

©2026 BlackBerry Limited. Trademarks, including but not limited to BLACKBERRY and EMBLEM Design, QNX and the QNX logo design are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved. All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.

About neueHCT
neueHCT is a joint venture established in 2022 by AUMOVIO and Horizon Robotics. neueHCT is dedicated to becoming a global leader in intelligent driving industry, with the mission of "To Make Every Journey Safer and Better". Guided by the vision of "To Bring Leading Intelligent Driving Product to the Corner of Every Continent", neueHCT always stays rooted in China while serving the whole world, adhering to the strategy of "Born for Global"

neueHCT specializes in providing comprehensive ADAS and intelligent driving solutions for global OEMs, covering fields such as passenger vehicle, two-wheeled mobility, and L4 autonomous driving logistics vehicles. Our products are fully adapted to global market regulations and safety benchmarks, and comply with Euro NCAP 5-star safety standards, providing OEMs with a one-stop technological backbone for their global expansion.

Leveraging localized technological expertise and a global service network, the company is accelerating the export of Chinese intelligent driving solutions worldwide, becoming a key enabler in the internationalization of the smart automotive industry.

Media Contacts:

BlackBerry Media Relations
+1 (519) 597-7273
[email protected]

neueHCT Media Relations
[email protected]

SOURCE: QNX

BlackBerry is surging while its closest automotive technology peers slide lower, and the gap between them points to something specific buried inside the company's latest quarterly report.

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Two automotive technology names beside the company drift lower. Record QNX revenue and a raised full-year outlook are lifting BlackBerry Limited (NYSE:BB) sharply higher. BlackBerry stock is up 4% to $8.56 in afternoon trading, following the company’s fiscal second-quarter report.

Meanwhile, Mobileye (NASDAQ:MBLY | MBLY Price Prediction) stock is down 1% to $7.95, moving opposite the rally in BlackBerry shares. Aptiv (NYSE:APTV) stock is down 2% to $44.07, adding a second automotive technology decline alongside Mobileye. Those two price slips leave BlackBerry stock as the clear outlier in this group.

Sector benchmarks are barely shifting, with the iShares Expanded Tech-Software Sector ETF (NASDAQ:IGV) down 0.1%. Large-cap stocks are slightly weaker, with the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) down 0.58%. With both funds trending down today, BlackBerry stock’s gain points directly at the company’s own results.

Record QNX Revenue Powers BlackBerry BlackBerry reported record sales at QNX, the segment that supplies the operating system underneath software-defined vehicles, with QNX revenue up 27% year over year. The company followed that performance by raising its annual QNX revenue forecast and lifting its full-year outlook for the whole business. That combination matters because QNX is central to BlackBerry’s growth story.

QNX also secured its first Alloy Kore design win with Coretura, a commercial vehicle software joint venture. According to BlackBerry, the award is the largest design win in QNX history, carrying estimated future royalties of more than $100 million. Royalty income of that kind tends to build once design work converts into production, which stretches the payoff across future years.

Auto Tech Peers Slide as BlackBerry Rallies BlackBerry is climbing on its own results while Mobileye and Aptiv shares are sliding, marking this as a company-specific move. Mobileye and Aptiv both supply vehicle technology, so a sector-wide catalyst would typically show up across all three stocks. Instead, the split directs attention to what BlackBerry itself delivered.

Much of the difference comes down to where QNX sits in the vehicle, as the base layer inside modern cars, QNX gives BlackBerry exposure to the software content of each vehicle. Coretura now hands the Alloy Kore platform its first signed customer, a proof point that BlackBerry can sell more than the operating system alone.

For Mobileye and Aptiv shares, the declines line up more closely with the softer broad market. That pattern focuses the attention on BlackBerry, whose quarterly report remains the clearest driver among the group. Such a gap emphasizes how much weight the market is placing on the QNX update.

Secure Communications Tempers the QNX Story BlackBerry’s upside hinges on QNX momentum. Record segment sales arrived alongside the company’s higher annual forecast, and the landmark Coretura award points to royalties that could build as that program reaches production. Taken together, those pieces give the automotive software business both near-term strength and longer-range visibility.

However, BlackBerry lowered its full-year Secure Communications outlook, taking a more cautious view of the timing of government business. That shift leaves one segment accelerating while the other gets pushed out, which complicates the read on the company’s overall path. Government deals often move on long cycles, so the revision may prove to be a timing issue that resolves in later periods.

Weighing both sides, BlackBerry’s investment case now leans heavily on QNX execution. Secure Communications still matters, yet the segment’s softer outlook means QNX has to keep carrying more of the load. Any QNX miss could leave BlackBerry shares more exposed, since Secure Communications currently offers less of a buffer.

What to Watch Next Investors may want to watch for signs that QNX strength carries into BlackBerry’s next quarterly report and that its raised forecast holds. Additional Alloy Kore wins beyond Coretura could show whether the company can repeat its first platform award. A further revision to BlackBerry’s Secure Communications outlook might also sway sentiment.

Measured position sizing is appropriate for BlackBerry stock, given that one segment is accelerating while the other faces a trimmed forecast. Shareholders should keep their exposure moderate and consider building their stake in stages as the company’s segment results arrive. Pacing their entries this way lets their allocation adjust to new information without chasing a single strong quarter.

With Mobileye and Aptiv shares both lower, the rally within automotive technology looks narrow. That concentration raises the stakes for the company’s next update. BlackBerry is carrying the move largely on the strength of its own report. Traders who keep their exposure in proportion to that concentration may be better positioned if the rally reverses.

Contact [email protected] for any questions or corrections.

Shares of BlackBerry (BB - Free Report) have gained 0.6% over the past four weeks to close the last trading session at $8.21, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $10.29 indicates a potential upside of 25.3%.

The average comprises seven short-term price targets ranging from a low of $8.00 to a high of $13.00, with a standard deviation of $1.95. While the lowest estimate indicates a decline of 2.6% from the current price level, the most optimistic estimate points to a 58.3% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.

But, for BB, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Why BB Could Witness a Solid UpsideThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 5.1%, as one estimate has moved higher compared to no negative revision.

Moreover, BB currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much BB could gain, the direction of price movement it implies does appear to be a good guide.

The automotive industry is shifting toward software-defined vehicles, which require complex, safety-certified compute foundations. For investors, this transition presents an opportunity to identify early leaders in mission-critical embedded software. BlackBerry Limited NYSE: BB has spent years pivoting its core business toward automotive operating systems, and that shift is starting to pay off.

BlackBerry just secured a major contract with Coretura, a joint venture between Daimler Truck OTCMKTS: DTRUY and Volvo OTCMKTS: VLVLY, ahead of its second-quarter earnings report. The deal validates Alloy Kore, BlackBerry's high-margin software platform, and shows how a vehicle's core software can change the economics for major auto suppliers.

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The shift away from fragmented legacy software toward pre-integrated operating systems changes how capital is allocated across the supply chain, positioning key software providers to capture recurring revenue. The data reveals a compelling picture of how this technological pivot is unfolding.

Landing a High-Margin Auto ContractBlackBerry's recent agreement with Coretura is a key validation of its embedded Internet of Things division.

Coretura, founded by commercial-vehicle giants Daimler Truck and Volvo, builds software for next-generation commercial trucks. To help achieve this, Coretura selected Alloy Kore, a foundational software layer co-developed by BlackBerry's QNX division and Vector.

This contract is valued at over $100 million and stands as one of the largest design wins in the history of the QNX unit.

Modern commercial vehicles require hundreds of millions of lines of code to operate safely. Historically, manufacturers relied on fragmented development models, which led to high integration costs, delayed launch cycles, and inflated research budgets.

Alloy Kore addresses these inefficiencies by pairing a safety-certified operating system with core vehicle services already built in. With this standardized framework, automakers can direct their engineering capital toward the features that set their brands apart instead of rebuilding the basics. Coretura's decision to commit to this architecture before its general market release indicates a clear industry demand for production-ready, safety-certified compute foundations.

Accelerating BlackBerry's Unit EconomicsFrom a financial perspective, the Coretura integration fundamentally alters the unit economics of the QNX platform. Core software layers command higher pricing power than isolated infotainment or dashboard systems. Initial estimates indicate the Alloy Kore platform triples BlackBerry's revenue per vehicle, shifting the entire division's margin profile toward high-value recurring revenue.

The numbers reflect a market pricing in a structural turnaround. BlackBerry currently generates about $549 million in annual sales, operating with a price-to-sales multiple near 8.6. The trailing price-to-earnings ratio sits at approximately 89, which requires uninterrupted execution to justify. The anticipated expansion in recurring software margins is projected to compress the forward price-to-earnings ratio to around 64, driven by a forecasted 46% earnings growth rate.

Profitability ratios add context to this growth trajectory. BlackBerry maintains a net margin of around 10.31% and a return on equity near 11.66%. A low debt-to-equity ratio of 0.26 and a current ratio of 2.20 provide the necessary liquidity to fund ongoing research and development without heavily leveraging the balance sheet.

Across the broader automotive supply chain, capital allocation differs by sub-sector. BlackBerry's competitors, like Aptiv PLC NYSE: APTV, focus heavily on hardware and software integration, while Mobileye Global Inc. NASDAQ: MBLY targets advanced driver-assistance vision processing. BlackBerry operates as a pure-play software model, bypassing the capital-intensive manufacturing requirements of its peers and securing a zero-yield but highly scalable recurring revenue base.

Smart Money Parks Capital in BlackBerryThe timing of the Coretura announcement provides management with quantifiable leverage heading into the second-quarter earnings report on Sept. 24. BlackBerry shares have rallied over 120% since the beginning of the year and are currently trading near $8.40. This price action suggests the broader market is actively repricing the stock from a legacy mobile brand into a tier-one automotive software provider.

33rd Percentile

Hold

4.7% Upside

Bearish

N/A

0.75 Selling Shares

46.15%

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Institutional ownership trends offer additional insight into market sentiment. Recent filings indicate that quantitative hedge funds have accumulated shares, signaling confidence in the company's turnaround. These institutional inflows help stabilize the stock against corporate insider selling, which has occurred as executives liquidate shares into the year-to-date rally.

Short interest remains at healthy levels, indicating an absence of extreme bearish positioning that would artificially suppress the stock. The options market reflects speculative bets geared toward positive forward guidance, with call options dominating recent put volume. The nine-figure QNX royalty backlog addition provides the visibility institutional investors need to model long-term cash flows, making it easier for them to commit capital.

Mapping the Route for Software MarginsBlackBerry's shift to become a high-assurance vehicle software provider carries real execution risks. Its premium valuation necessitates consistent margin expansion and consecutive design wins to maintain current price levels. Any delay in deployment schedules or broader pressures affecting commercial vehicle production could affect BlackBerry's short-term revenue realization.

Despite these risks, the Coretura partnership demonstrates that BlackBerry's QNX architecture commands tangible engineering value. Transitioning from fragmented operating systems to a pre-integrated, mission-critical foundation creates a recurring revenue moat that is difficult for competitors to replicate. The shift in unit economics positions the embedded software division to capture a larger percentage of the value created by the software-defined vehicle movement.

Investors monitoring the automotive technology sector may want to add BlackBerry to their watchlist as the company demonstrates its capacity to secure tier-one commercial validation and expand its software margins.

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Key Takeaways BlackBerry's Q2 revenue rose 26% to $163.3M, while non-GAAP EPS climbed 75% to 7 cents.QNX hit record revenue of $80.3M, and its largest design win added over $100M to royalty backlog.BlackBerry raised fiscal 2027 revenue guidance to $616-$636M and adjusted EBITDA to $141-$158M. BlackBerry Limited (BB - Free Report) reported second-quarter fiscal 2027 non-GAAP earnings of 7 cents per share, up 75% year over year. The figure beat the Zacks Consensus Estimate of 4 cents.

Revenues rose 26% year over year to $163.3 million and topped the consensus estimate by 14.2%. Record QNX revenue and a large licensing transaction supported the upside, while Secure Communications annual recurring revenue reached $221 million, up 4% year over year.

BB’s QNX Revenue Sets RecordQNX revenue increased 27.3% year over year to $80.3 million, marking a quarterly record. Segment adjusted gross margin expanded 4 percentage points to 87%, while adjusted EBITDA rose 41.5% to $29 million, representing a 36% margin. Performance was broad-based across development licenses, professional services and royalties, with royalty revenue benefiting as earlier design wins moved into production.

QNX also secured its first Alloy Kore design win with Coretura, the commercial-vehicle software joint venture between Volvo Group and Daimler Truck. The award adds more than $100 million to QNX royalty backlog and is the largest design win in QNX history. Management said the Alloy Kore average selling price per instance is about three times the customer’s current QNX operating-system deployment.

BlackBerry’s Secure Communications Stays ProfitableSecure Communications revenue rose 1.7% year over year to $60.9 million. Segment adjusted gross margin fell 5 percentage points to 61%, reflecting lower-margin Secusmart device revenue. Adjusted EBITDA was $8 million, down 17.5%, with a 13% margin. Dollar-based net retention rate was 91% compared with 93% a year earlier.

The business continued to secure renewals and expansions across government, critical infrastructure and regulated sectors. Management said larger government opportunities can create quarter-to-quarter variability because of long sales cycles. It also cited greater uncertainty around deal timing amid geopolitical developments and Canada-U.S. trade tensions, though no material impact had emerged during the quarter.

BB’s Licensing Revenue Jumps on New DealLicensing revenue climbed to $22.1 million from $6.6 million a year ago, driven primarily by a new licensing arrangement. Segment adjusted EBITDA reached $20 million from $5.6 million in the prior-year quarter, reflecting the business’s high incremental operating leverage.

Following the strong quarter, BlackBerry raised its fiscal 2027 Licensing revenue outlook to approximately $41 million and adjusted EBITDA forecast to about $36 million. Management expects Licensing revenue to return to roughly $6 million in each of the third and fourth quarters, with adjusted EBITDA of around $5 million per quarter.

BlackBerry Expands Margins and Cash FlowAdjusted gross margin improved to 78.2% from 75% a year earlier. Adjusted EBITDA increased 81% to $47 million and represented 29% of revenues.

Adjusted operating expenses rose to $84.8 million from $74.8 million, while higher-margin QNX royalties and licensing aided operating leverage.

Operating cash flow improved to $29.3 million from $3.4 million in the year-ago quarter. Free cash flow reached $28.1 million, up from $2.6 million.

BlackBerry ended the quarter with $447.1 million in cash and investments compared with $432.4 million on Feb. 28, 2026.

BB Raises Fiscal 2027 OutlookBlackBerry raised fiscal 2027 revenue guidance to $616-$636 million and adjusted EBITDA guidance to $141-$158 million. The company also lifted its adjusted basic earnings forecast to 19-22 cents per share and operating cash flow outlook to approximately $115 million.

For the third quarter of fiscal 2027, BB expects revenues of $143-$154 million and adjusted EBITDA of $28-$37 million.

Basic earnings are projected at 4-5 cents per share, while operating cash flow is expected between $20 million and $30 million.

BlackBerry Lifts QNX, Revises Secure Comms ViewThe company raised its fiscal 2027 QNX revenue outlook to $315-$325 million and adjusted EBITDA guidance to $95-$105 million.

For the third quarter, QNX revenue is expected to be between $82 million and $88 million, with adjusted EBITDA of $27-$32 million. Management cited strong core automotive momentum and conversion of the royalty backlog into production revenue.

For Secure Communications, BlackBerry revised fiscal 2027 revenue guidance to $260-$270 million and adjusted EBITDA guidance to $50-$58 million.

Third-quarter revenue is expected at $55-$60 million, with adjusted EBITDA of $6-$10 million, reflecting a more cautious view of the timing of larger government opportunities.

BB’s Zacks RankAt present, BlackBerry carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent PerformancesNetApp, Inc. (NTAP - Free Report) delivered a record first quarter of fiscal 2027, with non-GAAP earnings of $2.58 per share, up 66.5% year over year. The figure beat the Zacks Consensus Estimate of $2.13 by 21.1%. Net revenues rose 29.9% to $2,025 million and surpassed the $1,843 million consensus mark by 9.9%. Strong AI and modernization spending, accelerated purchases and pricing benefits supported growth. Billings increased 36.1% to $2,057 million.

Ciena Corporation (CIEN - Free Report) reported third-quarter fiscal 2026 adjusted earnings of $2.11 per share, which soared 215% year over year and beat the Zacks Consensus Estimate of $1.74. Quarterly revenues rose 37% to $1.67 billion and topped the $1.65 billion consensus mark. AI-driven networking demand remained the key growth engine. Cloud provider revenues accounted for 53% of total sales and jumped 82% year over year, underscoring the scale of hyperscaler spending behind Ciena’s record quarter.

Autodesk (ADSK - Free Report) reported second-quarter fiscal 2027 non-GAAP earnings of $3.30 per share, up 26% year over year, aided by operating leverage and benefits from sales optimization. The figure surpassed the Zacks Consensus Estimate of $3.12 by 5.77%. Revenues increased 16% year over year to $2.05 billion, beating the Zacks Consensus Estimate of $2.01 billion by 1.84%. Strength in construction and emerging markets supported results, while net revenue retention approximated the top end of the 100-110% range in constant currency.

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BB cybersecurity re-rating

Buy BlackBerry (BB) only if you can get a pullback into the next support zone after the earnings spike; the thesis is that the market is overreacting to Secure Communications cooling. QNX strength (27% YoY to a record) can fund the turnaround, and any stabilization in net retention/ARR growth can trigger a re-rating from “digestion” to “growth inflection.”

Key Risk: Secure Communications deterioration continues (net retention and ARR growth keep sliding), forcing the market to treat the slowdown as structural.

BB momentum reversal

Sell BlackBerry (BB). The beat-and-raise didn’t stick because the stock already ran +120% YTD, trades at ~80x forward P/E, and institutions used the liquidity to take profits. Insider selling adds overhead, and Q3 revenue guidance points to a sequential slowdown (midpoint below consensus).

Key Risk: QNX keeps accelerating and Q3 guidance gets revised up fast enough to prove the slowdown is temporary.

BlackBerry’s BB fiscal Q2 earnings report delivered precisely what Wall Street typically loves – a decisive beat-and-raise performance.

Revenue for the company's second quarter came in at $163.3 million, beating consensus estimates of $142.6 million, while adjusted earnings per share (EPS) also printed at a better-than-expected $0.07.

The impressive Q2 performance led management to raise its fiscal 2027 revenue forecast to about $626 million on $100 million in operating cash flow.

Yet, BlackBerry stock has reversed its initial gains and is currently in “red” on the intraday chart. Versus its year-to-date high, the company’s share price is now down some 35%.

The primary reason behind the selling pressure is the classic profit-taking dynamic following an extraordinary run-up.

BB shares entered the print riding an astounding year-to-date surge exceeding 120%, despite recent pullback, as momentum traders continued loading up on them for Physical AI exposure.

As BlackBerry inched higher initially following the quarterly release, institutional algorithms and fund managers seized the liquidity surge to lock in substantial profits – especially since the firm’s forward price-to-earnings (P/E) multiple touched a rather stretched 80x.

And it’s not like BB currently pays a healthy dividend to offset these valuation risks either.

Part of the reason why BlackBerry’s beat-and-raise failing in catalyzing a meaningful move to the upside is insider selling.

SEC filings over recent quarters show executives have sold roughly $6.4 million worth of company shares, without significant buying, which often creates overhead resistance when retail momentum peaks.

Beneath the headline beat lies a key operational divergence that also gave conservative investors pause.

Top-line strength was heavily skewed toward the QNX automotive and embedded software unit, which surged 27% year-over-year to a record $80.3 million.

Conversely, the Secure Communications cybersecurity segment demonstrated sequential cooling, with dollar-based net retention rates holding at 91% and annual recurring revenue growth showing signs of deceleration.

Finally, a hint of weakness in management’s Q3 guidance is weighing on BlackBerry shares today.

The company sees revenue falling between $143 million and $154 million – with the midpoint of its range coming in slightly below the $149.7 million consensus – signaling a "sequential slowdown" after an exceptionally front-loaded second quarter.

All in all, for long-term market participants, Thursday’s volatility in BB stock represents a standard period of digestion following a parabolic rally rather than a fundamental breakdown.

Investors should note that Wall Street analysts continue to believe the Canadian company is rather undervalued at current levels and is poised for further gains ahead.

The consensus rating on BlackBerry sits at Moderate Buy, according to Barchart, with the mean price target of about $10.4 indicating potential for nearly a 30% rally from here.

3 European Banks That Could Win Big From ECB Rate HikesBlackBerry NYSE: BB reported second-quarter fiscal 2027 revenue growth of 26% year over year, record QNX revenue and a higher full-year outlook, as the company cited expanding automotive software demand, growing royalty contributions and a strong licensing quarter.

Chief Executive Officer John Giamatteo said the company generated $163 million in total revenue during the quarter, delivered $29 million in operating cash flow and posted its sixth consecutive quarter of positive GAAP net income. BlackBerry reported GAAP net income of $34 million and adjusted net income of $43 million, while adjusted earnings per share reached $0.07.

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3 Retail Stocks to Watch After a Big Consumer Earnings Week“Q2 gives us another clear proof point that the profitable growth model we have been building is working,” Giamatteo said, adding that the company’s financial and strategic progress increased management’s confidence entering the second half of the fiscal year.

QNX Reaches Record Revenue as Royalties Increase QNX, BlackBerry’s embedded software business, generated a record $80 million of quarterly revenue, up 27% from a year earlier and above the high end of the company’s guidance range. Adjusted gross margin rose four percentage points to 87%, while adjusted EBITDA increased 41% to $29 million, or 36% of segment revenue.

Is Best Buy the AI Winner Hiding in the Electronics Aisle?Chief Financial Officer Tim Foote said QNX benefited from revenue growth and favorable mix, particularly higher-margin royalty revenue. During the question-and-answer session, Foote said some of the company’s larger historical design wins are moving into production, allowing its previously reported $950 million backlog to begin converting into revenue.

Giamatteo said QNX’s strongest activity came from its core automotive business, where the industry is shifting toward software-defined vehicles and centralized compute architectures. He said about one-third of the approximately 90 million vehicles produced globally each year currently use the type of high-performance centralized architecture most relevant to QNX, while industry forecasts indicate that share could reach roughly three-quarters over the next five years.

The company said it expects to grow through greater penetration of addressable vehicles and more QNX software content per vehicle, rather than relying on higher overall global vehicle production. It also highlighted growing adoption of its SDP 8.0 platform, which is designed for higher-performance compute architectures.

For new commercial arrangements, BlackBerry said it is increasingly obtaining contractual minimum volume commitments rather than relying on non-contractual customer forecasts. Foote said the revised approach could provide greater certainty, accelerate cash receipts and potentially allow a portion of revenue to be recognized earlier, though the company is still “feeling” its way into the model for new contracts.

Alloy Kore Secures First Design Win BlackBerry announced its first Alloy Kore design win, selecting Coretura, a commercial-vehicle software joint venture between Volvo Group and Daimler Truck, as a customer. Coretura plans to use Alloy Kore as the foundational software platform for its next-generation high-performance compute architecture across multiple software domains.

Giamatteo said the estimated future royalty value from the win exceeds $100 million, making it QNX’s largest design win to date. The company said the average selling price per instance is approximately three times higher than the customer’s current QNX operating-system deployment.

Alloy Kore combines QNX foundational software, common automotive services and Vector middleware into a pre-integrated, safety-certified platform. According to BlackBerry, the platform is intended to reduce the cost and complexity of integrating foundational software stacks, allowing vehicle manufacturers to focus engineering resources on differentiated applications.

Management said the Coretura award is not expected to materially alter revenue during the current fiscal year because production royalties will require lead time. However, Giamatteo described the deal as commercial validation of Alloy Kore and said the company has a “very healthy” pipeline involving global original equipment manufacturers and tier-one suppliers, particularly in Europe and Asia.

Physical AI, Secure Communications and Licensing BlackBerry said its general embedded markets, or GEM, business represents approximately 20% of QNX revenue. The company is targeting opportunities in robotics, industrial automation, medical devices, aerospace and defense, rail and Physical AI applications.

During the quarter, Uber selected QNX as the software foundation for its next generation of vehicles. Momenta and XHEART also selected QNX OS for Safety, built on SDP 8.0, for a production-ready autonomous-driving platform certified to ISO 26262. Giamatteo said BlackBerry has more than 20 companies engaging with it around NVIDIA-based platforms, including developers of humanoid robots, surgical robots, autonomous mobile robots, tractors, drones and planes.

Secure communications revenue was $61 million, up 2% year over year and within guidance. Annual recurring revenue was approximately $221 million, up 4%, while dollar-based net retention was 91%. The segment generated $8 million in adjusted EBITDA, representing a 13% margin.

Foote said BlackBerry remains cautious about the secure communications outlook because of geopolitical developments and trade tensions between Canada and the United States. The company said it has not yet seen a material effect from those issues, but larger government opportunities can have long sales cycles and create variability in quarterly results.

Licensing revenue totaled $22 million, above management’s expectations, driven primarily by a new licensing arrangement. BlackBerry said it does not view the quarter’s licensing performance as a new run rate and expects revenue of approximately $6 million in each of the third and fourth quarters.

Outlook Raised for Second Consecutive Quarter BlackBerry raised its full-year QNX revenue outlook to between $315 million and $325 million and its adjusted EBITDA outlook to between $95 million and $105 million. For the third quarter, it projected QNX revenue of $82 million to $88 million and adjusted EBITDA of $27 million to $32 million.

The company reduced its full-year secure communications revenue outlook to between $260 million and $270 million, with adjusted EBITDA expected between $50 million and $58 million. Third-quarter secure communications revenue is projected at $55 million to $60 million.

BlackBerry increased its full-year licensing outlook to approximately $41 million in revenue and approximately $36 million in adjusted EBITDA. At the company level, it raised full-year revenue guidance to $616 million to $636 million and adjusted EBITDA guidance to $141 million to $158 million. It expects adjusted EPS of $0.19 to $0.22 for the full year and operating cash flow of approximately $115 million.

BlackBerry ended the quarter with approximately $447 million in cash and investments, or net cash of roughly $247 million. Foote said the company intends to continue investing in QNX, evaluate share repurchases under its existing program and selectively consider acquisitions that could accelerate its GEM strategy, though he said the strategic and financial bar for deals remains high.

About BlackBerry (NYSE:BB)BlackBerry Limited is a Canadian software company headquartered in Waterloo, Ontario, that provides cybersecurity and Internet of Things (IoT) solutions to enterprises, governments and other organizations worldwide. Its cybersecurity offerings include endpoint protection, endpoint management, identity and access controls, secure communications, and tools designed to help organizations monitor and respond to cyber threats.

The company's IoT business is built around QNX, a software platform used in automotive systems and other embedded applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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SummaryBlackBerry Limited delivered its usual top and bottom line beats in fiscal Q2, with the QNX segment showing strong growth.Unfortunately, the Secure Communications segment is still struggling, and a large portion of the beat was due to a jump in Licensing revenue.Management's Q3 forecast was a bit disappointing, and yearly guidance was not raised as much as one might expect given the Q2 beat. Lighthouse Films/DigitalVision via Getty Images

Thursday morning, we received fiscal second quarter results from BlackBerry Limited (BB). After years of disappointment, the company finally has results trending in a positive direction, highlighted by solid revenue growth. While the company announced

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from a broker or financial adviser before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.

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BlackBerry (BB - Free Report) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +75.00%. A quarter ago, it was expected that this cybersecurity software and services company would post earnings of $0.03 per share when it actually produced earnings of $0.04, delivering a surprise of +33.33%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

BlackBerry, which belongs to the Zacks Internet - Software industry, posted revenues of $163.3 million for the quarter ended August 2026, surpassing the Zacks Consensus Estimate by 14.20%. This compares to year-ago revenues of $129.6 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

BlackBerry shares have added about 121.1% since the beginning of the year versus the S&P 500's gain of 12.6%.

What's Next for BlackBerry?While BlackBerry has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for BlackBerry was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.05 on $145 million in revenues for the coming quarter and $0.17 on $612.37 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Penguin Solutions, Inc. (PENG - Free Report) , is yet to report results for the quarter ended August 2026. The results are expected to be released on October 6.

This company is expected to post quarterly earnings of $0.75 per share in its upcoming report, which represents a year-over-year change of +74.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Penguin Solutions, Inc.'s revenues are expected to be $512.5 million, up 51.7% from the year-ago quarter.

Revenue increased 26% year-over-year to $163 millionQNX delivered record quarterly revenue and secured its first Alloy KoreTM design win, the largest design win in QNX historyAdjusted EBITDA grew 81% year-over-year, resulting in the second consecutive Rule of 401 performance; GAAP operating income increased 192% year-over-yearGenerated $29 million operating cash flow; delivered sixth consecutive quarter of positive GAAP net income and Adjusted EPS exceeded expectationsRaised fiscal year 2027 revenue and Adjusted EBITDA outlook following strong first-half execution WATERLOO, ON / ACCESS Newswire / September 24, 2026 / BlackBerry Limited (NYSE:BB)(TSX:BB) today reported financial results for the three months ended August 31, 2026 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

"Our strong second quarter performance provides further evidence that BlackBerry's profitable growth model is working, with revenue, profitability, and cash flow generation all exceeding our expectations," said John J. Giamatteo, CEO, BlackBerry. "QNX delivered record performance in the quarter, driven by strength in our core automotive business. The first Alloy Kore design win, the largest design win in QNX history, marks an important commercial milestone. We also continue to build momentum beyond automotive in the General Embedded Markets and Physical AI. Secure Communications remained a stable and profitable contributor following a particularly strong first quarter. As we enter the second half of the year, we remain focused on disciplined execution, investing behind our growth opportunities, and leveraging the strength of our balance sheet to create long-term value for our shareholders."

Second Quarter Fiscal 2027 Financial Highlights

Total company revenue of $163.3 million increased 26% year-over-year.Total company adjusted gross margin improved 3 percentage points year-over-year to 78.2%; GAAP gross margin improved by 3 percentage points year-over-year to 77.8%.Total company adjusted EBITDA increased by $21.1 million year-over-year to $47.0 million, 81%; GAAP operating income improved by $22.1 million year-over-year to $33.6 million, or 192%.QNX revenue increased 27% year-over-year to $80.3 million; QNX segment adjusted gross margin expanded by 4 percentage points year-over-year to 87%.QNX segment adjusted EBITDA increased 41% year-over-year to $29.0 million, representing a 36% margin.Secure Communications revenue increased by 2% year-over-year to $60.9 million; Secure Communications segment adjusted gross margin decreased by 5 percentage points year-over-year to 61%.Secure Communications segment adjusted EBITDA decreased 18% year-over-year to $8.0 million, representing a 13% margin.Secure Communications ARR remained stable at $221 million and DBNRR was 91%.Licensing revenue was $22.1 million; Licensing segment adjusted EBITDA was $20.0 million.Adjusted net income increased 79% year-over-year to $43.2 million; GAAP net income was positive for the sixth consecutive quarter at $33.9 million.Adjusted basic earnings per share was $0.07; GAAP basic earnings per share was $0.06.Operating cash flow for the second quarter was $29.3 million, an improvement of $25.9 million from the $3.4 million cash provided in the prior-year quarter.Ended the second quarter with $447.1 million in cash and investments.1 The company defines the Rule of 40 metric as the sum of its GAAP revenue year-over-year growth percentage and its non-GAAP adjusted EBITDA margin percentage. Where the sum equals or exceeds 40, then the Rule of 40 is considered to have been achieved.

Business Highlights & Strategic Announcements

Coretura, the joint venture between Volvo Group and Daimler Truck, has chosen Alloy Kore for its next-generation commercial vehicle software platform. This first Alloy Kore design win is the largest in QNX history and adds over $100 million to the QNX royalty backlog.Momenta and XHEART selected QNX OS for Safety, built on SDP 8.0, as the foundation for a production-ready Physical AI-defined autonomous-driving platform certified to ISO 26262 ASIL D.QNX added support for the Hailo-8 AI Accelerator on SDP 8.0, expanding its Physical AI ecosystem; benchmark testing demonstrated higher throughput, lower latency, low power consumption and heat, and significantly greater consistency than the real-time Linux environment tested.BlackBerry® SecuSUITE® renewed its NIAP Common Criteria certification, reinforcing its sovereign-grade security credentials and position in government and mission-critical communications.BlackBerry® AtHoc® added Microsoft Teams and Entra ID integrations, strengthening mission-critical response and operational resilience for enterprise and government customers.Financial Outlook

BlackBerry is providing the following guidance for the third fiscal quarter ending November 30, 2026 and the fiscal year ending February 28, 2027.

Q3 FY27

FY27

Total BlackBerry revenue:

$143 - $154 million

$616- $636 million

QNX revenue:

$82 - $88 million

$315 - $325 million

Secure Communications revenue:

$55 - $60 million

$260 - $270 million

Licensing revenue:

Approximately $6 million

Approximately $41 million

Total Company adjusted EBITDA:

$28 - $37 million

$141 - $158 million

QNX segment adjusted EBITDA:

$27 - $32 million

$95 - $105 million

Secure Communications segment adjusted EBITDA:

$6 - $10 million

$50 - $58 million

Licensing segment adjusted EBITDA:

Approximately $5 million

Approximately $36 million

Adjusted basic EPS2:

$0.04 - $0.05

$0.19 - $0.22

Operating cash flow

$20 - $30 million

Approximately $115 million

2 EPS guidance does not include the effect of any potential future share repurchases not yet completed as of the date of this release.

Use of Non-GAAP Financial Measures

The tables at the end of this press release include a reconciliation of the non-GAAP financial measures and non-GAAP financial ratios used by the Company to comparable U.S. GAAP measures and an explanation of why the Company uses them. The Company does not provide a reconciliation of expected Adjusted EBITDA and expected Adjusted basic EPS for the third quarter and full fiscal year 2027 to the most directly comparable expected GAAP measures because it is unable to predict with reasonable certainty, among other things, restructuring charges and impairment charges and, accordingly, a reconciliation is not available without unreasonable effort. These items are uncertain, depend on various factors, and could have a material impact on GAAP reported results for the guidance period. For more information on the non-GAAP financial measures, please refer to the tables at the end of this press release.

Conference Call and Webcast
A conference call and live webcast will be held today beginning at 8:00 a.m. ET, which can be accessed

using the following link (here) or through the Company's investor webpage (BlackBerry.com/Investors) or by dialing toll free +1 (877) 883-0383 and entering Entry Number 5340355.

A replay of the conference call will be available at approximately one hour after the event using the same webcast link (here) or by dialing toll free +1 (855) 669-9658 and entering Replay Access Code 2584952.

About BlackBerry
BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company's high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.

BlackBerry. Safe. Certified. Secure

For more information, visit BlackBerry.com and follow @BlackBerry.

Trademarks, including but not limited to BLACKBERRY and EMBLEM Design are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved. All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.

Investor Contact:
BlackBerry Investor Relations
+1 (519) 888-7465
[email protected]

Media Contact:
BlackBerry Media Relations
+1 (519) 597-7273
[email protected]

###

This news release contains forward-looking statements within the meaning of certain securities laws, including under the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including statements regarding BlackBerry's plans, strategies and objectives.

The words "expect", "anticipate", "estimate", "may", "will", "should", "could", "intend", "believe", "target", "plan" and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by BlackBerry in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that BlackBerry believes are appropriate in the circumstances, including but not limited to, BlackBerry's expectations regarding its business, strategy, opportunities and prospects, the launch of new products and services, general economic conditions, competition, and BlackBerry's expectations regarding its financial performance. Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, risks related to the following factors: BlackBerry's ability to maintain or expand its customer base for its software and services offerings to grow revenue or achieve sustained profitability; the intense competition faced by BlackBerry; BlackBerry's ability to enhance, develop, introduce or monetize its products and services in a timely manner with competitive pricing, features and performance; significant changes in government customer demand or procurement requirements; BlackBerry's sales cycles and the time and expense of its sales efforts; the occurrence or perception of a breach of BlackBerry's network cybersecurity measures, or an inappropriate disclosure of confidential or personal information; BlackBerry's use of artificial intelligence technology and tools in its operations and in product development; adverse macroeconomic and geopolitical conditions, including trade policies and national security concerns; risks arising from a failure or perceived failure of the security features or functionality of BlackBerry's solutions; litigation against BlackBerry; BlackBerry's continuing ability to attract new personnel, retain existing key personnel and manage its staffing effectively; network disruptions or other business interruptions; BlackBerry's ability to foster an ecosystem of third-party application developers; BlackBerry's dependence in part on its relationships with resellers and channel partners; BlackBerry's products and services being dependent upon interoperability with rapidly changing systems provided by third parties; failure to protect BlackBerry's intellectual property and to earn expected revenues from intellectual property rights; BlackBerry's use of open source software and its ability to obtain rights to use third-party software; BlackBerry potentially being found to have infringed on the intellectual property rights of others; BlackBerry's indebtedness, which could impact its operating flexibility and financial condition; the asset risk faced by BlackBerry, including the potential for charges related to its long-lived assets and goodwill; tax provision changes, the adoption of new tax legislation or exposure to additional tax liabilities; the use and management of user data and personal information; government regulations applicable to BlackBerry's products and services, including products containing encryption capabilities; environmental, social and governance expectations and standards; the failure of BlackBerry's suppliers, subcontractors, channel partners and representatives to use acceptable ethical business practices or comply with applicable laws; potential impacts of acquisitions, divestitures and other business initiatives; risks associated with foreign operations, including fluctuations in foreign currencies; environmental events; the fluctuation of BlackBerry's quarterly revenue and operating results; and the volatility of the market price of BlackBerry's common shares.

These risk factors and others relating to BlackBerry are discussed in greater detail in BlackBerry's Annual Report on Form 10-K and the "Cautionary Note Regarding Forward-Looking Statements" section of BlackBerry's MD&A (copies of which filings may be obtained at www.sedarplus.ca or www.sec.gov). All of these factors should be considered carefully, and readers should not place undue reliance on BlackBerry's forward-looking statements. Any statements that are forward-looking statements are intended to enable BlackBerry's shareholders to view the anticipated performance and prospects of BlackBerry from management's perspective at the time such statements are made, and they are subject to the risks that are inherent in all forward-looking statements, as described above, as well as difficulties in forecasting BlackBerry's financial results and performance for future periods, particularly over longer periods, given changes in technology and BlackBerry's business strategy, evolving industry standards, intense competition and short product life cycles that characterize the industries in which BlackBerry operates. Any forward-looking statements are made only as of today and BlackBerry has no intention and undertakes no obligation to update or revise any of them, except as required by law.

BlackBerry Limited
Incorporated under the Laws of Ontario
(United States dollars, in millions except share and per share amounts)

Consolidated Statements of Operations

Three Months Ended Six Months Ended August 31, 2026 May 31, 2026 August 31, 2025 August 31, 2026 August 31, 2025 Revenue

$163.3 $152.9 $129.6 $316.2 $251.3 Cost of sales

36.2 33.2 33.0 69.4 64.4 Gross margin

127.1 119.7 96.6 246.8 186.9 Gross margin %

77.8% 78.3% 74.5% 78.1% 74.4%Operating expenses

Research and development

33.2 33.0 25.6 66.2 50.6 Sales and marketing

25.3 29.5 24.4 54.8 53.1 General and administrative

31.8 39.3 31.5 71.1 62.0 Amortization

2.5 2.5 3.1 5.0 7.1 Impairment of long-lived assets

0.7 0.1 0.5 0.8 0.6 93.5 104.4 85.1 197.9 173.4 Operating income

33.6 15.3 11.5 48.9 13.5 Investment income, net

1.6 1.1 1.9 2.7 4.8 Income before income tax

35.2 16.4 13.4 51.6 18.3 Provision for income taxes

1.3 7.9 0.1 9.2 3.1 Net income

$33.9 $8.5 $13.3 $42.4 $15.2 Earnings per share

Basic

$0.06 $0.01 $0.02 $0.07 $0.03 Diluted

$0.05 $0.01 $0.02 $0.07 $0.03 Weighted-average number of common shares outstanding (000s)

Basic

586,627 586,741 592,938 586,684 594,624 Diluted

649,655 593,193 597,369 647,541 598,697 Total common shares outstanding (000s)

587,032 586,061 590,361 587,032 590,361 BlackBerry Limited
Incorporated under the Laws of Ontario
(United States dollars, in millions)

Consolidated Balance Sheets

As at August 31, 2026 February 28, 2026 Assets

Current

Cash and cash equivalents

$266.2 $274.7 Short-term investments

111.3 85.2 Accounts receivable, net of allowance of $1.3 and $1.0, respectively

141.0 156.0 Other receivables

4.5 7.5 Income taxes receivable

2.4 2.6 Other current assets

36.5 42.2 561.9 568.2 Restricted cash equivalents

14.1 14.2 Long-term investments

55.5 58.3 Other long-term assets

73.8 56.3 Operating lease right-of-use assets, net

22.6 16.7 Property, plant and equipment, net

12.2 12.3 Intangible assets, net

44.9 40.1 Goodwill

478.0 479.1 $1,263.0 $1,245.2 Liabilities

Current

Accounts payable

$8.6 $5.5 Accrued liabilities

101.5 111.7 Income taxes payable

9.8 12.4 Deferred revenue, current

116.6 138.5 236.5 268.1 Deferred revenue, non-current

11.8 14.1 Operating lease liabilities

23.9 18.8 Other long-term liabilities

2.1 1.7 Long-term notes

197.1 196.5 471.4 499.2 Shareholders' equity

Capital stock and additional paid-in capital

2,926.8 2,924.4 Deficit

(2,121.9) (2,167.2)Accumulated other comprehensive loss

(13.3) (11.2) 791.6 746.0 $1,263.0 $1,245.2 BlackBerry Limited
Incorporated under the Laws of Ontario
(United States dollars, in millions)

Consolidated Statements of Cash Flows

Six Months Ended August 31, 2026 August 31, 2025 Cash flows from operating activities

Net income

$42.4 $15.2 Adjustments to reconcile net income to net cash provided by (used in) operating activities:

Amortization

8.2 10.3 Stock-based compensation

14.0 11.6 Impairment of long-lived assets

0.8 0.6 Non-cash consideration received from contracts with customer

(6.7) - Operating leases

(0.8) (5.7)Other

2.4 (0.3)Net changes in working capital items

Accounts receivable, net of allowance

15.0 48.7 Other receivables

5.3 (0.3)Income taxes receivable

0.2 (1.0)Other assets

(13.1) 16.0 Accounts payable

3.8 (27.1)Accrued liabilities

(10.8) (38.5)Income taxes payable

(2.6) (11.7)Deferred revenue

(24.2) (31.9)Net cash provided by (used in) operating activities

33.9 (14.1)Cash flows from investing activities

Proceeds on sale, maturity or distribution from long-term investments

- 0.1 Acquisition of property, plant and equipment

(4.1) (1.7)Acquisition of intangible assets

(3.0) (2.6)Acquisition of short-term investments

(174.9) (34.7)Proceeds on sale or maturity of short-term investments

148.8 91.7 Net cash provided by (used in) investing activities

(33.2) 52.8 Cash flows from financing activities

Issuance of common shares

1.3 1.2 Common shares repurchased

(10.0) (30.0)Net cash used in financing activities

(8.7) (28.8)Effect of foreign exchange gain (loss) on cash, cash equivalents, and restricted cash equivalents

(0.6) 0.4 Net increase (decrease) in cash, cash equivalents, and restricted cash equivalents during the period

(8.6) 10.3 Cash, cash equivalents, and restricted cash equivalents, beginning of period

288.9 280.3 Cash, cash equivalents, and restricted cash equivalents, end of period

$280.3 $290.6 As at

August 31, 2026 February 28, 2026 Cash and cash equivalents

$266.2 $274.7 Restricted cash equivalents

14.1 14.2 Short-term investments

111.3 85.2 Long-term investments

55.5 58.3 $447.1 $432.4 Reconciliations of the Company's Segment Results and Segment Adjusted EBITDA to the Consolidated Results

The following tables show information by operating segments for the three and six months ended August 31, 2026 and August 31, 2025. The Company reports segment information in accordance with U.S. GAAP, pursuant to the Financial Accounting Standards Board's Accounting Standard Codification Topic 280, Segment Reporting, based on the "management" approach. The management approach designates the internal reporting used by the Chief Operating Decision Maker ("CODM") for making decisions and assessing performance of the Company's reportable operating segments. The measure of segment profit or loss disclosed by the Company in the Consolidated Financial Statements under the "management" approach in reviewing the results of the Company's operating segments is segment adjusted gross margin. Additionally, the following tables include the additional measures of segment profit or loss used by the CODM which is segment adjusted EBITDA, a non-GAAP financial measure, which excludes amounts related to investment income, taxes, amortization, restructuring charges, stock compensation expenses and long-lived asset impairment charge. For the three and six months ended August 31, 2026, the Company presented segment adjusted EBITDA results excluding amortization in segment research and development, segment sales and marketing and segment general and administrative to align to the operating expense presentation on the Consolidated Statement of Operations. For purposes of comparability, the Company's segment adjusted EBITDA for the three and six months ended August 31, 2025 has been updated to conform to the current year's presentation. See Note 10 to the Consolidated Financial Statements for a description of the Company's operating segments.

For the Three Months Ended
(in millions)

QNX Secure Communications Licensing August 31, Change August 31, Change August 31, Change 2026 2025 2026 2025 2026 2025 Segment revenue

$80.3 $63.1 $17.2 $60.9 $59.9 $1.0 $22.1 $6.6 $15.5 Segment cost of sales

10.6 10.7 (0.1) 23.5 20.2 3.3 1.5 1.5 - Segment adjusted gross margin

$69.7 $52.4 $17.3 $37.4 $39.7 $(2.3)$20.6 $5.1 $15.5 Segment research and development

19.6 13.0 6.6 11.8 11.0 0.8 - - - Segment sales and marketing

12.4 10.7 1.7 11.1 12.1 (1.0) - - - Segment general and administrative

8.7 8.2 0.5 6.6 6.9 (0.3) 2.1 0.9 1.2 Less amortization included in segment cost of sales

- - - 0.1 - 0.1 1.5 1.4 0.1 Segment adjusted EBITDA

$29.0 $20.5 $8.5 $8.0 $9.7 $(1.7)$20.0 $5.6 $14.4 For the Six Months Ended (in millions) QNX Secure Communications Licensing August 31, Change August 31, Change August 31, Change 2026 2025 2026 2025 2026 2025 Segment revenue

$152.6 $120.6 $32.0 $134.5 $119.4 $15.1 $29.1 $11.3 $17.8 Segment cost of sales

21.0 21.9 (0.9) 44.3 38.3 6.0 3.0 3.1 (0.1)Segment adjusted gross margin

$131.6 $98.7 $32.9 $90.2 $81.1 $9.1 $26.1 $8.2 $17.9 Segment research and development

38.5 25.3 13.2 24.4 22.2 2.2 - - - Segment sales and marketing

28.0 23.9 4.1 23.4 25.7 (2.3) - - - Segment general and administrative

16.8 16.3 0.5 14.4 14.0 0.4 2.9 1.8 1.1 Less amortization included in segment cost of sales

- - - 0.2 0.1 0.1 3.0 3.0 - Segment adjusted EBITDA

$48.3 $33.2 $15.1 $28.2 $19.3 $8.9 $26.2 $9.4 $16.8 Reconciliation of Non-GAAP Measures with the Nearest Comparable U.S. GAAP Measures

In the Company's internal reports, management evaluates the performance of the Company's business on a non-GAAP basis by excluding the impact of certain items from the Company's U.S. GAAP financial results. The Company believes that these non-GAAP financial measures and non-GAAP ratios provide management, as well as readers of the Company's financial statements, with a consistent basis for comparison across accounting periods and are useful in helping management and readers understand the Company's operating results and underlying operational trends. Beginning with the fiscal quarter ended May 31, 2026, the Company has included deferred share units revaluation adjustment as a non-GAAP adjustment and has applied this adjustment to comparative period.

Readers are cautioned that adjusted gross margin, adjusted gross margin percentage, adjusted operating expenses, adjusted net income, adjusted basic earnings per share, adjusted research and development expense, adjusted sales and marketing expense, adjusted general and administrative expense, adjusted amortization expense, adjusted operating income, adjusted EBITDA, segment adjusted EBITDA, adjusted operating income margin percentage, adjusted EBITDA margin percentage and free cash flow (usage) and similar measures do not have any standardized meaning prescribed by U.S. GAAP and are therefore unlikely to be comparable to similarly titled measures reported by other companies.

Reconciliation of non-GAAP based measures with most directly comparable U.S. GAAP based measures for the three months ended August 31, 2026 and August 31, 2025

A reconciliation of the most directly comparable U.S. GAAP gross margin and gross margin percentage for the three months ended August 31, 2026 and August 31, 2025 to both adjusted gross margin and adjusted gross margin percentage is reflected in the table below:

For the Three Months Ended (in millions)

August 31, 2026 August 31, 2025 Gross margin

$127.1 $96.6 Stock compensation expenses

0.6 0.6 Adjusted gross margin

$127.7 $97.2 Gross margin %

77.8% 74.5%Stock compensation expenses

0.4% 0.5%Adjusted gross margin %

78.2% 75.0%Reconciliation of U.S. GAAP operating expenses for the three months ended August 31, 2026, and August 31, 2025 to adjusted operating expenses is reflected in the table below:

For the Three Months Ended (in millions)

August 31, 2026 August 31, 2025 Operating expenses

$93.5 $85.1 Restructuring charges

2.7 3.4 Stock compensation expenses

6.9 5.3 Acquired intangibles amortization

- 1.1 LLA impairment charge

0.7 0.5 Deferred share units revaluation adjustment

(1.6) - Adjusted operating expenses

$84.8 $74.8 Reconciliation of U.S. GAAP net income and U.S. GAAP basic earnings per share for the three months ended August 31, 2026 and August 31, 2025 to adjusted net income and adjusted basic earnings per share is reflected in the table below:

For the Three Months Ended (in millions, except per share amounts)

August 31, 2026 August 31, 2025
Basic
earnings

per share

Basic
earnings
per share Net income

$33.9 $0.06 $13.3 $0.02 Restructuring charges

2.7 3.4 Stock compensation expenses

7.5 5.9 Acquired intangibles amortization

- 1.1 LLA impairment charge

0.7 0.5 Deferred share units revaluation adjustment

(1.6) - Adjusted net income

$43.2 $0.07 $24.2 $0.04 Reconciliation of U.S. GAAP research and development, sales and marketing, general and administrative, and amortization expense for the three months ended August 31, 2026 and August 31, 2025 to adjusted research and development, sales and marketing, general and administrative, and amortization expense is reflected in the table below:

For the Three Months Ended (in millions)

August 31, 2026 August 31, 2025 Research and development

$33.2 $25.6 Stock compensation expenses

1.6 1.4 Adjusted research and development expense

$31.6 $24.2 Sales and marketing

$25.3 $24.4 Stock compensation expenses

1.4 1.3 Adjusted sales and marketing expense

$23.9 $23.1 General and administrative

$31.8 $31.5 Restructuring charges

2.7 3.4 Stock compensation expenses

3.9 2.6 Deferred share units revaluation adjustment

(1.6) - Adjusted general and administrative expense

$26.8 $25.5 Amortization

$2.5 $3.1 Acquired intangibles amortization

- 1.1 Adjusted amortization expense

$2.5 $2.0 Reconciliation of U.S. GAAP operating income to adjusted operating income, adjusted EBITDA, adjusted operating income margin percentage and adjusted EBITDA margin percentage for the three months ended August 31, 2026 and August 31, 2025 is reflected in the table below.

For the Three Months Ended (in millions)

August 31, 2026 August 31, 2025 Operating income

$33.6 $11.5 Non-GAAP adjustments to operating income

Restructuring charges

2.7 3.4 Stock compensation expenses

7.5 5.9 Acquired intangibles amortization

- 1.1 LLA impairment charge

0.7 0.5 Deferred share units revaluation adjustment

(1.6) - Total non-GAAP adjustments to operating income

9.3 10.9 Adjusted operating income

42.9 22.4 Amortization

4.1 4.6 Acquired intangibles amortization

- (1.1)Adjusted EBITDA

$47.0 $25.9 Revenue

$163.3 $129.6 Adjusted operating income margin % (1)

26% 17%Adjusted EBITDA margin % (2)

29% 20%(1) Adjusted operating income margin % is calculated by dividing adjusted operating income by revenue.
(2) Adjusted EBITDA margin % is calculated by dividing adjusted EBITDA by revenue.

The CODM also uses segment adjusted EBITDA, which is a non-GAAP measure including segment expenses that exclude amounts related to investment income, taxes, amortization, restructuring charges, stock compensation expenses and long-lived asset impairment. The following table reconciles the U.S. GAAP measures of segment profit or loss disclosed by the Company in the Consolidated Financial Statements from segment adjusted gross margin to segment adjusted EBITDA for the three months ended August 31, 2026 and August 31, 2025.

For the Three Months Ended (in millions) QNX Secure Communications Licensing August 31, August 31, August 31, 2026 2025 2026 2025 2026 2025 Segment adjusted gross margin

$69.7 $52.4 $37.4 $39.7 $20.6 $5.1 Segment research and development

19.6 13.0 11.8 11.0 - - Segment sales and marketing

12.4 10.7 11.1 12.1 - - Segment general and administrative

8.7 8.2 6.6 6.9 2.1 0.9 Less amortization included in segment cost of sales

- - 0.1 - 1.5 1.4 Segment adjusted EBITDA

$29.0 $20.5 $8.0 $9.7 $20.0 $5.6 Reconciliation of non-GAAP based measures with most directly comparable U.S. GAAP based measures for the six months ended August 31, 2026 and August 31, 2025.

A reconciliation of the most directly comparable U.S. GAAP gross margin and gross margin percentage for the six months ended August 31, 2026 and August 31, 2025 to both adjusted gross margin and adjusted gross margin percentage is reflected in the table below:

For the Six Months Ended (in millions)

August 31, 2026 August 31, 2025 Gross margin

$246.8 $186.9 Stock compensation expenses

1.1 1.1 Adjusted gross margin

$247.9 $188.0 Gross margin %

78.1% 74.4%Stock compensation expenses

0.3% 0.4%Adjusted gross margin %

78.4% 74.8%Reconciliation of U.S. GAAP operating expenses for the six months ended August 31, 2026 and August 31, 2025 to adjusted operating expenses is reflected in the table below:

For the Six Months Ended (in millions)

August 31, 2026 August 31, 2025 Operating expenses

$197.9 $173.4 Restructuring charges

3.0 6.3 Stock compensation expenses

12.9 10.5 Acquired intangibles amortization

- 2.8 LLA impairment charge

0.8 0.6 Deferred share units revaluation adjustment

8.4 (1.5)Adjusted operating expenses

$172.8 $154.7 Reconciliation of U.S. GAAP net income and U.S. GAAP basic earnings per share for the six months ended August 31, 2026 and August 31, 2025 to adjusted net income and adjusted basic earnings per share is reflected in the table below:

For the Six Months Ended (in millions, except per share amounts)

August 31, 2026 August 31, 2025
Basic
earnings
per share
Basic
earnings
per share Net income

$42.4 $0.07 $15.2 $0.03 Restructuring charges

3.0 6.3 Stock compensation expenses

14.0 11.6 Acquired intangibles amortization

- 2.8 LLA impairment charge

0.8 0.6 Deferred share units revaluation adjustment

8.4 (1.5) Adjusted net income

$68.6 $0.12 $35.0 $0.06 Reconciliation of U.S. GAAP research and development, sales and marketing, general and administrative, and amortization expense for the six months ended August 31, 2026 and August 31, 2025 to adjusted research and development, sales and marketing, general and administrative, and amortization expense is reflected in the table below:

For the Six Months Ended (in millions)

August 31, 2026 August 31, 2025 Research and development

$66.2 $50.6 Stock compensation expenses

3.1 2.7 Adjusted research and development expense

$63.1 $47.9 Sales and marketing

$54.8 $53.1 Stock compensation expenses

2.5 2.7 Adjusted sales and marketing expense

$52.3 $50.4 General and administrative

$71.1 $62.0 Restructuring charges

3.0 6.3 Stock compensation expenses

7.3 5.1 Deferred share units revaluation adjustment

8.4 (1.5)Adjusted general and administrative expense

$52.4 $52.1 Amortization

$5.0 $7.1 Acquired intangibles amortization

- 2.8 Adjusted amortization expense

$5.0 $4.3 Reconciliation of U.S. GAAP operating income to adjusted operating income, adjusted EBITDA, adjusted operating income margin percentage and adjusted EBITDA margin percentage for the six months ended August 31, 2026 and August 31, 2025 are reflected in the table below.

For the Six Months Ended (in millions)

August 31, 2026 August 31, 2025 Operating income

$48.9 $13.5 Non-GAAP adjustments to operating income

Restructuring charges

3.0 6.3 Stock compensation expense

14.0 11.6 Acquired intangibles amortization

- 2.8 LLA impairment charge

0.8 0.6 Deferred share units revaluation adjustment

8.4 (1.5)Total non-GAAP adjustments to operating income

26.2 19.8 Adjusted operating income

75.1 33.3 Amortization

8.2 10.3 Acquired intangibles amortization

- (2.8)Adjusted EBITDA

$83.3 $40.8 Revenue

$316.2 $251.3 Adjusted operating income margin % (1)

24% 13%Adjusted EBITDA margin % (2)

26% 16%(1) Adjusted operating income margin % is calculated by dividing adjusted operating income by revenue.
(2) Adjusted EBITDA margin % is calculated by dividing adjusted EBITDA by revenue.

The CODM also uses segment adjusted EBITDA, which is a non-GAAP measure including segment expenses that exclude amounts related to investment income, taxes, amortization, restructuring charges, stock compensation expenses and long-lived asset impairment. The following table reconciles the U.S. GAAP measures of segment profit or loss disclosed by the Company in the Consolidated Financial Statements from segment adjusted gross margin to segment adjusted EBITDA for the six months ended August 31, 2026 and August 31, 2025.

For the Six Months Ended (in millions) QNX Secure Communications Licensing August 31, August 31, August 31, 2026 2025 2026 2025 2026 2025 Segment adjusted gross margin

$131.6 $98.7 $90.2 $81.1 $26.1 $8.2 Segment research and development

38.5 25.3 24.4 22.2 - - Segment sales and marketing

28.0 23.9 23.4 25.7 - - Segment general and administrative

16.8 16.3 14.4 14.0 2.9 1.8 Less amortization included in segment cost of sales

- - 0.2 0.1 3.0 3.0 Segment adjusted EBITDA

$48.3 $33.2 $28.2 $19.3 $26.2 $9.4 Free cash flow (usage)

The Company uses free cash flow (usage) when assessing its sources of liquidity, capital resources, and quality of earnings. The Company believes that free cash flow (usage) is helpful in understanding the Company's capital requirements and provides an additional means to reflect the cash flow (usage) trends in the Company's business.

Reconciliation of U.S. GAAP net cash provided by (used in) operating activities for the three and six months ended August 31, 2026 and August 31, 2025 to free cash flow (usage) is reflected in the table below:

For the Three Months Ended (in millions)

August 31, 2026 August 31, 2025 Net cash provided by operating activities

$29.3 $3.4 Acquisition of property, plant and equipment

(1.2) (0.8)Free cash flow

$28.1 $2.6 For the Six Months Ended (in millions)

August 31, 2026 August 31, 2025 Net cash provided by (used in) operating activities

$33.9 $(14.1)Acquisition of property, plant and equipment

(4.1) (1.7)Free cash flow (usage)

$29.8 $(15.8)Key Metrics

The Company regularly monitors a number of financial and operating metrics, including the following key metrics, in order to measure the Company's current performance and estimated future performance. Readers are cautioned that Secure Communications annual recurring revenue ("ARR") and Secure Communications dollar-based net retention rate ("DBNRR") do not have any standardized meaning and are unlikely to be comparable to similarly titled measures reported by other companies.

Comparative breakdowns of certain key metrics for the three months ended or as at August 31, 2026 and August 31, 2025 are set forth below:

For the Three Months Ended (in millions)

August 31, 2026 August 31, 2025 Change Secure Communications Annual Recurring Revenue

$221 $213 $8 Secure Communications Dollar-Based Net Retention Rate

91% 93% (2%)SOURCE: BlackBerry

BlackBerry reports fiscal second-quarter earnings per share of 7 cents from sales of $163.3 million. Wall Street was looking for 4 cents and $142.5 million, respectively.

Key Takeaways BlackBerry's Alloy Kore secured its first design win as Coretura's SDV software foundation.Alloy Kore aims to cut integration work, speed development cycles and streamline certification.BlackBerry expects fiscal Q2 QNX revenue of $70-$75 million and adjusted EBITDA of $16-$21 million. BlackBerry Limited (BB - Free Report) is strengthening its position in software-defined vehicles (SDVs) as its QNX business and Alloy Kore platform gain traction in the commercial vehicle market. Vector, a leading ecosystem partner for software-defined systems, and BlackBerry’s QNX division announced that Coretura, an SDV platform company founded by Daimler Truck and Volvo Group, has selected Alloy Kore as the foundational software layer for its next-generation software-defined commercial vehicles. The agreement marks the first design win for Alloy Kore and supports Coretura’s efforts to establish a common software foundation for commercial vehicles.

Coretura is developing an SDV platform based on one platform and one standard. As part of its architecture, the company selected Alloy Kore as the safety-certified software platform foundation targeted at high-performance computing (HPC) in commercial vehicles. The platform is designed to help vehicle manufacturers develop, deploy and continuously enhance vehicle capabilities through software updates, while enabling engineering teams to focus on applications that provide differentiation.

Alloy Kore combines a safety-certified real-time operating system with a pre-integrated set of common automotive system services into a scalable software foundation for HPC. By bringing these capabilities together, the platform is designed to reduce integration requirements, accelerate development cycles and streamline certification efforts. This allows original equipment manufacturers to focus more of their engineering resources on application-level differentiation.

Coretura selected Alloy Kore through the Vector Distribution, a ready-to-use implementation of the platform. Built on the Alloy Kore architecture, the distribution combines the automotive operating system foundation with Vector’s middleware, communication and integration capabilities for high-performance computing environments. For Coretura, this provides a validated and production-ready software environment that can be adapted to the requirements of its commercial vehicle platform while maintaining a consistent software foundation across development programs.

The design win also aligns with BlackBerry’s strategy of expanding QNX beyond its traditional operating system role toward a broader platform position. On its first-quarter fiscal 2027 earnings call, BlackBerry stated that Alloy Kore could increase software content per vehicle, expand average selling prices and support backlog growth as programs move into production.

For the fiscal second quarter, BlackBerry expects QNX revenue of $70-$75 million and adjusted EBITDA of $16-$21 million, while total company revenue is expected to range between $137 million and $148 million. BlackBerry is slated to release its second-quarter fiscal 2027 results on Sept. 24, 2026.

Taking a look at BB’s CompetitorsCrowdStrike (CRWD - Free Report) remains supported by sustained cybersecurity demand as enterprises consolidate tools on Falcon and expand adoption through Falcon Flex. AI security, cloud, identity and next-generation SIEM broaden the platform opportunity, while recurring subscriptions, partner reach and cash generation support continued investment and cross-sell. Record net new ARR and deeper Flex adoption point to healthy demand and improving customer expansion. At the same time, fiscal 2027 revenue growth is expected to be below CrowdStrike’s earlier hypergrowth years, while sales, R&D and stock-based compensation remain elevated. For fiscal 2027, revenues are projected between $5.991 billion and $6.011 billion, with ARR of $6.60 billion to $6.61 billion.

Aptiv PLC (APTV - Free Report) is being supported by smart architecture capabilities, portfolio diversification and strong capital allocation. Its Engineered Components business benefited from higher volumes and operating execution, delivering 3% adjusted revenue growth and a 22.4% adjusted EBITDA margin in the second quarter of 2026. Non-automotive revenue increased 12%, supported by growth in robotics, drones, energy storage and commercial vehicles. Aptiv secured its first commercial robotics award and a drone program with more than $500 million in lifetime revenue. The company is also expanding through acquisitions in optical solutions and automotive capabilities. Lower interest expense, share repurchases and available liquidity further support its financial position.

BB Price Performance, Valuation & EstimatesShares of BlackBerry have soared 166.9% in the past six months compared with the Internet-Software industry’s 30% growth.

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Regarding the price/book ratio, BB is trading at 6.74, higher than the industry’s multiple of 5.36.

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The Zacks Consensus Estimate for BB earnings for fiscal 2027 has been unchanged over the past 60 days.

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BlackBerry currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.