BlackBerry Raises Fiscal 2027 Outlook After QNX, Secure Communications Revenues Jump Over 24%
NVDA•BlackBerry's Q1 QNX revenue rose 26% to $72.3 million, while Secure Communications revenue climbed 24% to $73.6 million, driving a weekly gain in BB shares. CEO John Giamatteo forecasts an 8–13% revenue increase for fiscal 2027 and expects its first Alloy Kore design win this year.
1. Alloy Kore Expansion Potential
At BlackBerry's annual meeting, CEO John Giamatteo highlighted the Alloy Kore platform’s capacity to transform the company from an operating system provider to a full platform supplier, boosting in-vehicle software content, enhancing pricing power and accelerating its backlog with a first design win expected in the current fiscal year.
2. Q1 Software Revenue Growth
BlackBerry’s embedded software business saw QNX revenue rise 26% to $72.3 million and Secure Communications revenue increase 24% to $73.6 million, driven by demand across automotive, robotics, factory automation and medical technology markets.
3. Fiscal 2027 Outlook Updated
Management lifted its fiscal 2027 revenue growth forecast to 8–13%, up from earlier guidance, citing strong momentum in AI-enabled embedded software, secure communications profitability improvements and strategic partnerships with Nvidia, Arm and Qualcomm.
