BlackBerry | 10-Q: Q2 2026 Earnings Report

BlackBerry reported Q2 FY2026 revenue of $129.6 million, up 3% year-over-year, with net income of $13.3 million or $0.02 per share. QNX revenue grew 15% to $63.1 million driven by higher royalty and development seat revenue, while Secure Communications revenue declined 10% to $59.9 million. Licensing revenue increased to $6.6 million.Gross margin expanded to 74.5% from 70.2% last year due to favorable product mix. Operating expenses decreased 1.5% to $85.1 million on cost controls and benefits from Strategic Innovation Fund claims. The company ended the quarter with $363.5 million in cash and investments after repurchasing $30 million in shares.Looking ahead, BlackBerry raised its FY2026 outlook, now expecting total revenue of $519-541 million and adjusted EBITDA of $82-101 million. The company projects Q3 revenue of $132-140 million with QNX revenue of $66-70 million driven by continued automotive and IoT demand growth.

BlackBerry reported Q2 FY2026 revenue of $129.6 million, up 3% year-over-year, with net income of $13.3 million or $0.02 per share. QNX revenue grew 15% to $63.1 million driven by higher royalty and development seat revenue, while Secure Communications revenue declined 10% to $59.9 million. Licensing revenue increased to $6.6 million.Gross margin expanded to 74.5% from 70.2% last year due to favorable product mix. Operating expenses decreased 1.5% to $85.1 million on cost controls and benefits from Strategic Innovation Fund claims. The company ended the quarter with $363.5 million in cash and investments after repurchasing $30 million in shares.Looking ahead, BlackBerry raised its FY2026 outlook, now expecting total revenue of $519-541 million and adjusted EBITDA of $82-101 million. The company projects Q3 revenue of $132-140 million with QNX revenue of $66-70 million driven by continued automotive and IoT demand growth.