BlackBerry lifts annual revenue forecast on strength in automotive software business
BB•BlackBerry raised its full-year 2027 revenue forecast to $616 million-$636 million from $594 million-$621 million after QNX revenue rose 27% to $80.3 million. Second-quarter revenue was $163.3 million, above analysts’ estimates of $145.6 million.
1. QNX growth lifts forecast
BlackBerry raised its full-year 2027 revenue forecast to $616 million-$636 million, compared with its prior range of $594 million-$621 million. Revenue at QNX, its software division, rose 27% to $80.3 million in the second quarter ended August 31, driven by automotive growth and new design wins.
2. Commercial vehicle contract
Coretura, a joint venture between Volvo Group and Daimler Truck, selected QNX software for next-generation commercial vehicles. BlackBerry said the deal could add more than $100 million to QNX’s royalty backlog and is its largest QNX contract to date.
3. Quarterly results and outlook
Second-quarter revenue was $163.3 million, exceeding analysts’ estimates of $145.6 million. BlackBerry expects third-quarter revenue of $143 million-$154 million, compared with estimates of $149.6 million. CEO John Giamatteo said QNX software is being deployed across digital cockpit, advanced driver assistance and body-control applications.
