Q3 2026 BlackBerry Ltd Earnings Call Transcript
Key Points
- BlackBerry Ltd (BB) reported total company revenue of $141.8 million, exceeding the high end of their guidance range.
- The company achieved its third consecutive quarter of GAAP profitability, with GAAP net income improving by $24.2 million year over year to $13.7 million.
- QNX division delivered an all-time record for quarterly revenue at $68.7 million, representing 10% year-over-year growth.
- Secure Communications division exceeded revenue expectations with $67 million, despite challenges such as the US government shutdown.
- BlackBerry Ltd (BB) continues to invest in growth, particularly in the QNX business, while maintaining positive operating and free cash flow.
- Adjusted operating expenses increased by 7% year over year, reflecting higher capital deployment for growth in the QNX business.
- Secusmart revenue was lower year over year due to a tough comparison with the previous year's strong upgrade cycle from the German government.
- The Licensing division's revenue was modest at $6.1 million, in line with expectations but not showing significant growth.
- The company faced challenges with the US government shutdown, which could have impacted Secure Communications revenue more significantly.
- Despite strong performance, the Secure Communications division's dollar-based net retention rate was at 92%, indicating room for improvement in customer retention.
Good afternoon, and welcome to the BlackBerry third-quarter fiscal year 2026 results conference call. My name is Nick, 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, ma'am.
Thank you, Nick. Good afternoon, everyone, and welcome to the BlackBerry's third-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
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