BlackBerry Shares Leap 66% in May, Near $10 as QNX Powers 275 Million Vehicles
BB•BlackBerry’s QNX software, installed in 275 million vehicles, drove shares up 66% in May as investors focused on its shift to profitable embedded software operations. CFO Tim Foote reports eight straight quarters of GAAP net income and positive cash flow, with shares near $10 and a market cap above $5.8 billion.
1. Transition to Profitable Software Company
BlackBerry has transformed from a smartphone maker into a profitable software company, reporting eight consecutive quarters of improved GAAP net income and positive cash generation under CFO Tim Foote’s leadership. The company now derives most revenue from cybersecurity and IoT businesses.
2. QNX Powers 275 Million Vehicles
The QNX platform, which underpins safety systems in approximately 275 million vehicles, has become BlackBerry’s primary growth driver. Its real-time operating system supports features like crash alerts, lane-keeping assistance, and pedestrian detection critical to automotive and industrial applications.
3. Nvidia Partnership Boosts AI Infrastructure
A strategic collaboration with Nvidia integrates QNX software with Nvidia’s high-performance computing technology, targeting safety-certified AI applications in autonomous vehicles and industrial automation. This partnership positions BlackBerry at the intersection of physical AI and mission-critical operating systems.
4. Stock Surge, Valuation, and Earnings Outlook
BlackBerry’s stock jumped 66% in May and reached a four-year high, nearing the $10 level and valuing the company at over $5.8 billion. The company will report fiscal 2027 Q1 results on June 25, with analysts projecting $140 million revenue and $0.03 earnings per share.
