Canada's BlackBerry Q2 revenue, adjusted profit rise on QNX strength
BB•BlackBerry's fiscal Q2 revenue rose 26% year over year to $163.3 million, while adjusted net income increased 79% to $43.2 million. QNX revenue grew 27%, and the company forecast Q3 revenue of $143 million to $154 million and FY27 revenue of $616 million to $636 million.
1. Quarterly results
BlackBerry reported fiscal Q2 revenue of $163.3 million, up 26% year over year, and adjusted net income of $43.2 million, up 79%.
2. QNX growth and outlook
QNX revenue increased 27% year over year, driven by strength in automotive and embedded markets. The company said an Alloy Kore design win, the largest in QNX history, added more than $100 million to its QNX royalty backlog. BlackBerry expects Q3 revenue of $143 million to $154 million and adjusted EPS of $0.04 to $0.05, and forecasts FY27 revenue of $616 million to $636 million.
