Q4 2026 BlackBerry Ltd Earnings Call Transcript

Apr 09, 2026 / 12:00PM GMT

Release Date Price: $3.82 (+8.22%)

Transcript 10-K8-K

Key Points

Positve

BlackBerry Ltd (BB) achieved double-digit top line growth and marked the eighth consecutive quarter of improving GAAP profitability.
QNX delivered a record revenue quarter, exceeding the top end of the guidance range with 20% year-over-year growth.
The QNX royalty backlog continues to grow, reaching approximately $950 million, indicating strong future revenue potential.
Secure Communications division delivered near rule of 40 quarter results, with revenue exceeding guidance by 12% and 8% year-over-year growth.
BlackBerry Ltd (BB) generated $45.6 million of operating cash flow in Q4, strengthening its balance sheet with $432.4 million of cash and investments.

Negative

Licensing revenue came in slightly below guidance due to quarterly variation in returns from pre-existing arrangements.
UEM full year revenue declined year-over-year, despite improvements in renewal rates and multiyear deal values.
The share buyback program, while offsetting dilution, indicates potential undervaluation concerns relative to current price levels.
QNX's growth is not linear, with some quarters expected to be seasonally softer, impacting short-term revenue visibility.
Despite strong revenue growth, adjusted EBITDA margins are expected to remain flat due to ongoing investments in R&D and sales and marketing.

Operator

Good morning, and welcome to the BlackBerry fourth quarter and full fiscal year 2026 results conference call. My name is Betsy, 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 Suzanne Spera, Senior Director of Investor Relations, BlackBerry. Please go ahead.

Suzanne Spera

BlackBerry Ltd - Senior Director of Investor Relations

Thank you, Betsy. Good morning, everyone, and welcome to BlackBerry's fourth quarter and full 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

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