Q2 2026 BlackBerry Ltd Earnings Call Transcript

Sep 25, 2025 / 12:00PM GMT

Release Date Price: $4.65 (+8.90%)

Transcript 10-Q8-K

Key Points

Positve

BlackBerry Ltd (BB) reported stronger-than-expected revenue growth of 3% year-over-year, reaching $129.6 million.
The company achieved positive GAAP net income for the second consecutive quarter, amounting to $13.3 million.
QNX division delivered 15% year-over-year revenue growth and a 32% adjusted EBITDA margin, marking its most profitable quarter.
Secure Communications division exceeded guidance with quarterly revenue of $59.9 million, driven by reduced customer churn and new deals.
BlackBerry Ltd (BB) raised its full-year revenue and adjusted EBITDA guidance for both QNX and Secure Communications divisions due to strong first-half performance.

Negative

Despite positive results, BlackBerry Ltd (BB) faced significant tax payments in the quarter, impacting cash flow.
The company experienced a sequential decrease in total cash and investments by $18.4 million.
QNX division's growth remains back-end loaded, with uncertainty in the automotive market affecting program timelines.
The company continues to face challenges from tariff uncertainties and complex software development processes.
BlackBerry Ltd (BB) does not expect further P&L benefits from the Canadian Government Strategic Innovation Fund for the remainder of the fiscal year.

Operator

Good morning, and welcome to the BlackBerry's second quarter fiscal year 2026 results conference call. My name is Michael, and I will be your conference moderator for today's call. (Operator Instructions) As a reminder, this conference is being recorded for replay purposes.

I would now like to turn today's call over to Martha Gonder, Director of Investor Relations, BlackBerry. Please go ahead.

Martha Gonder

BlackBerry Ltd - Director, Investor Relations

Thank you, Michael. Good morning, everyone, and welcome to BlackBerry's second quarter fiscal year 2026 earnings conference call. Joining me on today's call is Blackberry's Chief Executive Officer, John Giamatteo; and Chief Financial Officer, Tim Foote. After I read our cautionary note regarding forward-looking statements, John will provide a business update, and Tim will review the financial results. We will then open the call for a brief Q&A session.

This call is available to the general public via call-in numbers and via webcast in the Investor Information section at blackberry.com. A

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