Slide 1: Q2 Fiscal Year 2027 Earnings Conference Call & Webcast
Q2 Fiscal Year 2027 Earnings Conference Call & Webcast September 24, 2026 www.BlackBerry.com NYSE: BB TSX: BB © 2026 BlackBerry. All Rights Reserved 1
Slide 2: Cautionary Statements
Cautionary Statements Some of the statements we will be making constitute forward-looking statements and are made pursuant to the safe harbor provisions of applicable U.S. and Canadian securities laws. We will indicate forward-looking statements by using words such as expect, will, should, model, in
Slide 3: Corporate Overview
Corporate Overview John Giamatteo Chief Executive Officer © 2026 BlackBerry. All Rights Reserved 3
Slide 4: Q2 FY27: Profitable Growth Model Is Scaling
Q2 FY27: Profitable Growth Model Is Scaling REVENUE, PROFITABILITY, AND CASH GENERATION all surpassed expectations TOTAL REVENUE ADJ. EBITDA GAAP NET INCOME OPERATING CASH FLOW EXCEEDED $163M $47M $34M $29M Rule of 401 +26% YoY 81% YoY Strongest quarter Strongest Q2 Second Above high end of guidance
Slide 5: QNX: Structural Growth Engine with Expanding Long-Term Opportunity
QNX: Structural Growth Engine with Expanding Long-Term Opportunity RECORD REVENUE AND DESIGN-WIN ACTIVITY strengthen both current performance and future royalty runway REVENUE ADJ. GROSS MARGIN ADJ. EBITDA DESIGN-WIN VALUE DEV. LICENSES $80M 87% $29M Record Healthy +27% YoY +4 PP YoY +41% YoY H1 FY2
Slide 6: 3 Complementary Growth Pillars
3 Complementary Growth Pillars DEEPEN QNX’S INCREASE SOFTWARE EXPAND THE ADDRESSABLE AUTOMOTIVE POSITION CONTENT PER VEHICLE MARKET BEYOND AUTOMOTIVE 1 CORE AUTOMOTIVE 2 ALLOY KORE 3 GEM & PHYSICAL AI SOFTWARE-DEFINED VEHICLES MOVING UP THE STACK EXPANSION OPPORTUNITY Increasing both the number Deli
Slide 7: Centralized Compute Is Expanding the QNX Content
QNX CORE AUTOMOTIVE: 1 2 3 Centralized Compute Is Expanding the QNX Content Architectural consolidation is shifting value from hardware to software and increasing the need for safety-certified foundational systems Why This Matters for QNX Vehicle Architecture Evolution Global Light Passenger Vehicle
Slide 8: Alloy Kore Achieves Commercial Validation
QNX ALLOY KORE: 1 2 3 Alloy Kore Achieves Commercial Validation Coretura selects Alloy Kore as the foundational software layer for next-generation software-defined commercial vehicles First Design Win Largest in QNX History Multi-Domain Deployment 1st A major milestone for Alloy Kore STRATEGIC CUSTO
Slide 9: From Strategic Opportunity with Vector to Commercial Validation
QNX ALLOY KORE: 1 2 3 From Strategic Opportunity with Vector to Commercial Validation Mission BEFORE • Solve complexity management, technology integration, Automotive Manufacturer Differentiating Feature Set safety / security demands, and business complexities in a singular software platform Vehicle
Slide 10: QNX GEM & Physical AI: Expanding QNX Beyond Automotive
QNX GEM & PHYSICAL AI: 1 2 3 Expanding QNX Beyond Automotive QNX is engaging early where deterministic, safety-critical execution matters most CURRENT GEM MIX ROBOTICS PIPELINE NEW DESIGN WIN QNX LAUNCHPAD 20% 20+ Robotaxis Early Engagement of QNX companies engaging around QNX selected as foundation
Slide 11: Secure Communications: Stable and Profitable Contributor
SECURE COMMUNICATIONS: Stable and Profitable Contributor Remains profitable and cash-generative, with quarter-to-quarter variability from larger government opportunities REVENUE ADJ. EBITDA ARR DBNRR H1 REVENUE GROWTH $61M $8M $221M 91% 13% +2% YoY 13% +4% YoY Relatively YoY within guidance Margin S
Slide 12: Financial Overview
Financial Overview Tim Foote Chief Financial Officer © 2026 BlackBerry. All Rights Reserved 12
Slide 13: Operating Leverage Is Translating Growth into Profit and Cash
Operating Leverage Is Translating Growth into Profit and Cash High-margin revenue growth is flowing efficiently through the model TOTAL EXPANDED ADJ. ADJ. OPERATING REVENUE GROSS MARGIN EBITDA BASIC EPS CASH FLOW $163M 78% $47M $0.07 $29M Above high end of guidance +3 PP YoY Nearly double YoY Above
Slide 14: Q2 Segment Financial Highlights
Q2 Segment Financial Highlights Q2 Segment Financial Highlights QNX ADJ. EBITDA REVENUE ADJ. $80M GROSS MARGIN $29M +27% YoY 87% +41% YoY above guidance +4 PP YoY 36% margin Exceeded Rule of 401 SECURE REVENUE ADJ. ADJ. EBITDA for the COMMS GROSS MARGIN $8M $61M 2nd Consecutive +2% YoY 61% (18%) YoY
Slide 15: Cash Generation Strengthens Strategic Flexibility
Cash Generation Strengthens Strategic Flexibility Positive cash flow and a strong net cash position provide flexibility to invest, repurchase shares and evaluate strategic opportunities OPERATING CASH FLOW FREE CASH FLOW CASH & INVESTMENTS NET CASH $29M $28M $447M $247M Above guidance Capex-light Mo
Slide 16: Q3 and FY27 Guidance
Q3 and FY27 Guidance $ in millions except per share amounts Q3 FY27 FY27 Total Revenue $143 — $154M $616 — $636M Raised QNX Revenue $82 — $88M $315 — $325M Raised Secure Communications Revenue $55 — $60M $260 — $270M Updated Licensing Revenue $6M $41M Raised Total Adj. EBITDA $28 — $37M $141 — $158M
Slide 17: BlackBerry Key Takeaways
BlackBerry Key Takeaways FINANCIAL MODEL IS SOLID AND SCALABLE Exceeded Rule of 401, with strong operating leverage and cash generation, while raising full-year outlook QNX Opportunity is Broader and Stronger Cash Generation Creates More Tangible Strategic Flexibility Core automotive is delivering r
Slide 18: Q&A
Q&A © 2026 BlackBerry. All Rights Reserved 18
Slide 19: Thank You
Thank You © 2026 BlackBerry. All Rights Reserved 19
Slide 20: www.BlackBerry.com
www.BlackBerry.com NYSE: BB | TSX: BB Follow us on Webcast & Presentation Downloadable Financials © 2026 BlackBerry. All Rights Reserved 20
Slide 21: Appendix
Appendix © 2026 BlackBerry. All Rights Reserved 21
Slide 22: GAAP Income Statement ($M)
GAAP Income Statement ($M) GAAP Income Statement (Three Months Ended) Q1FY26 Q2FY26 Q3FY26 Q4FY26 FY26 Q1FY27 Q2FY27 QNX $ 57.5 $ 63.1 $ 68.7 $ 78.7 $ 268.0 $ 72.3 $ 80.3 Secure Communications 59.5 59.9 67.0 72.5 258.9 73.6 60.9 Software and Services 117.0 123.0 135.7 151.2 526.9 145.9 141.2 Licensi
Slide 23: Segment Information ($M)
Segment Information ($M) Segment Adjusted Gross Margin and EBITDA (Three Months Ended) Q1FY26 Q2FY26 Q3FY26 Q4FY26 FY26 Q1FY27 Q2FY27 QNX Segment revenue $ 57.5 $ 63.1 $ 68.7 $ 78.7 $ 268.0 $ 72.3 $ 80.3 Segment cost of sales 11.2 10.7 11.3 12.2 45.4 10.4 10.6 Segment adjusted gross margin $ 46.3 $
Slide 24: Segment Gross Margin and EBITDA ($M)
Segment Gross Margin and EBITDA ($M) Segment Adjusted Gross Margin and EBITDA (Three Months Ended) Q1FY26 Q2FY26 Q3FY26 Q4FY26 FY26 Q1FY27 Q2FY27 Licensing Segment revenue $ 4.7 $ 6.6 $ 6.1 $ 4.8 $ 22.2 $ 7.0 $ 22.1 Segment cost of sales 1.6 1.5 1.5 1.5 6.1 1.5 1.5 Segment adjusted gross margin $ 3.
Slide 25: Key Metrics
Key Metrics Key Metrics (Three Months Ended) Q1FY26 Q2FY26 Q3FY26 Q4FY26 FY26 Q1FY27 Q2FY27 Secure Communications Annual Recurring Revenue $ 209 $ 213 $ 216 $ 218 $ 220 $ 221 Secure Communications Dollar-Based Net Retention Rate 92% 93% 92% 94% 92% 91% QNX Royalty Backlog $ 950 Q1FY26 Q2FY26 Q3FY26
Slide 26: Reconciliation of Non-GAAP Based Measures
Reconciliation of Non-GAAP Based Measures with Most Directly Comparable U.S. GAAP Based Measures Non-GAAP Income Statement (Three Months Ended) Q1FY26 Q2FY26 Q3FY26 Q4FY26 FY26 Q1FY27 Q2FY27 QNX $ 57.5 $ 63.1 $ 68.7 $ 78.7 $ 268.0 $ 72.3 $ 80.3 Secure Communications 59.5 59.9 67.0 72.5 258.9 73.6 60
Slide 27: Reconciliation of Non-GAAP Based Measures
Reconciliation of Non-GAAP Based Measures with Most Directly Comparable U.S. GAAP Based Measures Non-GAAP adjustments (Three Months Ended) Q1FY26 Q2FY26 Q3FY26 Q4FY26 FY26 Q1FY27 Q2FY27 Restructuring charges $ 2.9 $ 3.4 $ 6.1 $ 3.3 $ 15.7 $ 0.3 $ 2.7 Stock compensation expense 5.7 5.9 6.1 5.5 23.2 6
Slide 28: Reconciliation of Non-GAAP Based Measures
Reconciliation of Non-GAAP Based Measures with Most Directly Comparable U.S. GAAP Based Measures Research and development Q1FY26 Q2FY26 Q3FY26 Q4FY26 FY26 Q1FY27 Q2FY27 GAAP research and development expense $ 25.0 $ 25.6 $ 29.6 $ 33.4 $ 113.6 $ 33.0 $ 33.2 Stock compensation expense 1.3 1.4 1.4 1.3
Slide 29: Reconciliation of Non-GAAP Based Measures
Reconciliation of Non-GAAP Based Measures with Most Directly Comparable U.S. GAAP Based Measures Adjusted EBITDA Q1FY26 Q2FY26 Q3FY26 Q4FY26 FY26 Q1FY27 Q2FY27 GAAP operating income $ 2.0 $ 11.5 $ 11.9 $ 22.9 $ 48.3 $ 15.3 $ 33.6 Non-GAAP adjustments 8.9 10.9 13.5 8.5 41.8 16.9 9.3 Adjusted operatin
Slide 30: Reconciliation of Non-GAAP Based Measures
Reconciliation of Non-GAAP Based Measures with Most Directly Comparable U.S. GAAP Based Measures Reconciliation from GAAP Net Income to Adjusted Net Income and Adjusted Earnings per Share Q1FY26 Q2FY26 Q3FY26 Q4FY26 FY26 Q1FY27 Q2FY27 GAAP net income $ 1.9 $ 13.3 $ 13.7 $ 24.3 $ 53.2 $ 8.5 $ 33.9 To