Canada's BlackBerry Q1 revenue rises 26% on QNX growth

BlackBerry

25/06/2026 12:11

Overview
Canada enterprise software firm's fiscal Q1 revenue rose 26% yr/yr
Company reported first positive operating cash flow for a fiscal Q1 in nine years

Outlook
BlackBerry sees Q2 revenue of $137 mln to $148 mln
Company expects FY27 revenue of $594 mln to $621 mln
BlackBerry forecasts FY27 non-GAAP basic EPS of $0.16 to $0.20

Result Drivers
QNX GROWTH - QNX revenue rose 26% yr/yr to $72.3 mln, with segment margin expanding by 5 percentage points, driven by content expansion and new platform launches
SECURE COMMUNICATIONS - Secure Communications revenue grew 24% yr/yr to $73.6 mln, with segment margin up 2 percentage points, contributing to overall profitability
CASH FLOW IMPROVEMENT - Company reported first positive operating cash flow for a fiscal Q1 in nine years

Company press release: ID:nACS44y2Ja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted Net Income
 
$25.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
The stock recently traded at 47 times the next 12-month earnings vs. a P/E of 20 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)