Business
BlackBerry Reports First Quarter Fiscal Year 2026 Results
Exceeds top end of guidance range for revenue, adjusted EBITDA, adjusted EPS and operating cash f...
About this update from Blackberry Limited
[{"type":"text","content":"BlackBerry Reports First Quarter Fiscal Year 2026 ResultsExceeds top end of guidance range for revenue, adjusted EBITDA, adjusted EPS and operating cash flow for the total CompanyDelivers revenue and adjusted EBITDA above guidance for QNX divisionBeats revenue and adjusted EBITDA guidance for Secure Communications division, raising full year guidanceReturns $10 million to shareholders as part of share buyback program WATERLOO, ON / ACCESS Newswire / June 24, 2025 / BlackBerry Limited (NYSE:BB)(TSX:BB) today reported financial results for the three months ended May 31, 2025 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).\"BlackBerry made a strong start to the new fiscal year, building on the solid foundation we as a company have laid over the past year,\" said John J. Giamatteo, CEO, BlackBerry. \"Both our QNX and Secure Communications divisions continue to execute effectively against their strategies, beating both top line and profitability expectations. BlackBerry's solid balance sheet and plan for continuing profitability and cash generation this fiscal year enable us to allocate capital efficiently, with $10 million of share buybacks executed this past quarter.\"First Quarter Fiscal 2026 Financial HighlightsTotal company revenue exceeded previously-provided guidance at $121.7 millionTotal company gross margin was 74% and non-GAAP gross margin was 75%QNX revenue beat guidance and delivered 8% year-over-year growth to $57.5 million; QNX gross margin and adjusted gross margin was 81%QNX adjusted EBITDA beat previously-provided guidance at $12.7 million, or 22% of revenueSecure Communications revenue exceeded previously-provided guidance at $59.5 million; Secure Communications adjusted gross margin increased by 6 percentage points sequentially and 4 percentage points year-over-year to 70%Secure Communications ARR remained stable, relatively flat sequentially at $209 million; Secure Communications DBNRR decreased by 1 percentage point to 92%Secure Communications adjusted EBITDA exceeded previously provided guidance at $9.6 millionLicensing revenue was $4.7 million, and adjusted EBITDA was $3.8 millionBlackBerry achieved GAAP profitability for first time since Q4 FY22, with net income of $1.9 million and non-GAAP net income was $12.3 millionTotal company adjusted EBITDA exceeded previously-provided gu...