Slide 1: Intelligent Security. Everywhere.
Intelligent Security. Everywhere. INVESTOR PRESENTATION | Q3 FY2026
Slide 2: Safe Harbor Statement
Safe Harbor Statement Some of the statements made within this presentation constitute forward-looking statements and are made pursuant to the safe harbor provisions of applicable U.S. and Canadian securities laws. Forward-looking statements are indicated by using words such as expect, will, should,
Slide 3: Q3 FY26 Financial Summary
Q3 FY26 Financial Summary $ % $ $ $141.8M 78% $0.05 $13.7M Revenue Adjusted Non-GAAP GAAP Gross Margin1 Earnings per Share1 Net Income $ $ $ $ $28.7M $377.5M $17.9M $85.4M Adjusted Total ending Operating Cash Adjusted OPEX1 EBITDA 1 Cash & Investments Flow Delivers another quarter of meeting or beat
Slide 4: Q3 FY26: Delivers GAAP Net Income for the Third Consecutive Quarter
Q3 FY26: Delivers GAAP Net Income for the Third Consecutive Quarter GAAP Net Income • Q3 FY26 GAAP Net Income US$ millions improved $24M year-over-year $13 $14 • Seventh consecutive quarter $2 of improved Net Income Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 Q1 FY26 FY26 Q2 FY26 Q2 FY26 Q3 FY26 Q3 F
Slide 5: Q3 FY26 Summary: QNX
Q3 FY26 Summary: QNX • QNX achieved highest quarterly revenue ever QNX • Revenue of $68.7M hits top end of guidance range Q1 Q2 Q3 Q4 Q1 Q2 Q3 and grew 10% year-over-year SEGMENT FINANCIALS FY25 FY25 FY25 FY25 FY25 FY26 FY26 FY26 Segment revenue ($M) 53.2 54.7 62.3 65.8 236 57.5 63.1 68.7 • Adj. EBI
Slide 6: Q3 FY26 Summary: Secure Communications
Q3 FY26 Summary: Secure Communications • Revenue of $67.0M, beats top end of guidance range SECURE COMMUNICATIONS and grew sequentially Q1 Q2 Q3 Q4 Q1 Q2 Q3 • Driven by reduced churn in UEM and better SEGMENT FINANCIALS FY25 FY25 FY25 FY25 FY25 FY26 FY26 FY26 than expected traction with US Governmen
Slide 7: Q3 FY26 Summary: Licensing
Q3 FY26 Summary: Licensing LICENSING Q1 Q2 Q3 Q4 Q1 Q2 Q3 SEGMENT FINANCIALS FY25 FY25 FY25 FY25 FY25 FY26 FY26 FY26 Segment revenue ($M) 6.0 5.0 6.7 8.6 26.3 4.7 6.6 6.1 Segment cost of sales ($M) 1.4 1.6 1.5 1.6 6.1 1.6 1.5 1.5 Segment adj. gross margin ($M) 4.6 3.4 5.2 7.0 20.2 3.1 5.1 4.6 • Reve
Slide 8: Financial Outlook
Financial Outlook Q4 FY26 & Full-year FY26 Outlook Q4 Full-year FY26 FY26 Total Revenue ($M) 138 - 148 531 – 541 QNX Revenue ($M) 71 - 77 260 - 266 Secure Comms Revenue ($M) 61 - 65 247 - 251 Licensing Revenue ($M) ~6 ~24 Total Adjusted EBITDA ($M) 22 - 32 94 - 104 QNX Adjusted EBITDA ($M) 17 - 23 6
Slide 9: Q3 FY26 Achievements
Q3 FY26 Achievements QNX announced that more QNX announced that a BlackBerry appointed John than 275 million vehicles on leading Chinese automaker Wall as President of QNX the road are being powered selected QNX Sound for Division by their embedded their luxury EV lineup technology BlackBerry and Un
Slide 10: Investment Highlights
Investment Highlights * BlackBerry. Intelligent Security. Everywhere.
Slide 11: BlackBerry Snapshot
BlackBerry Snapshot (NYSE: BB; TSX: BB) Waterloo, Canada $2.6B¹ ~1,700 20 ~$535M Headquarters Market Cap Employees Countries 2025 Revenue 2025 Revenue by Segment ($Mil) 2025 Revenue by Region ($Mil) 3 Divisions • QNX: Trusted supplier of market-leading QNX® operating systems, hypervisors, developmen
Slide 12: Why Invest with BlackBerry
Why Invest with BlackBerry Strength of Multiple market-leading businesses with strong growth prospects 1 Portfolio supported by long-term, secular tailwinds Fundamental Improving business fundamentals, as reflected by stabilization and 2 Business Strength improvement of key metrics Enhanced Cash Mea
Slide 13: Strengthened Portfolio with Relaunch of QNX Brand and Focus on Secure Communications
1 Strengthened Portfolio with Relaunch of QNX Brand and Focus on Secure Communications Relaunched QNX Brand to Reinforce Leadership in Following sale of Cylance, increased Focus on Secure Automotive and General Embedded Industries Communications with Improved Financial Profile Clear Automotive Leade
Slide 14: Improving & Stabilizing Business Fundamentals
2 Improving & Stabilizing Business Fundamentals 4 QNX Royalty Backlog Secure Communications ARR and DBNRR US$ millions US$ millions / % $216 $865 $215 $815 $213 $211 $209 $208 $209 $640 95% $460 $202 $199 93% 93% 93% 93% 92% 92% 91% 91% Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY24
Slide 15: Significant Transformation in Cashflow Profile
3 Significant Transformation in Cashflow Profile Enhanced Cashflow Profile Strengthened Balance Sheet Operating Cashflow Reduced Gross Debt / Increased Net Cash US$ millions US$ millions $17 FY23 FY23 FY24 FY25 -$4 • Significant cost reductions to lead transformation back to profitability • Improved
Slide 16: Driving Shareholder Returns by Prudently Allocating Capital
4 Driving Shareholder Returns by Prudently Allocating Capital Leverage 3 profitable divisions …to accelerate value creation FY25 Adj. EBITDA1 and Adj. EBITDA Margin1 Immediate Priorities $70 US$ millions $59 Approved Share buy-back program May 2025, and $60 $52 repurchased $35M2 worth of shares up t
Slide 17: QNX Division: Leading With Innovation
QNX Division: Leading With Innovation Extending our Market Position with Leading Technology © 2024 BlackBerry. All Rights Reserved 17
Slide 18: QNX: A Compelling Driver of Investment Valuation
QNX: A Compelling Driver of Investment Valuation Attractive Fundamentals Leading Market Position Large, Growing Commercial and Clear Segment Deep, Long-Standing Market Opportunity Technical Trends Leader with Unique Relationships with with Attractive Pushing the Industry Capabilities, IP, and Leadin
Slide 19: Addressable Market Remains Large and Growing
Growing Market Addressable Market Remains Large and Growing SAM by IoT Core and Strategic Initiatives ($B) $5.9 ~34% QNX Total • IoT Core Serviceable Core SAM CAGR ’24-’28 Addressable Market (SAM)1 Strategic Investments growing at ~8-12% CAGR CY24- 26, reaching $2.1B by CY26 $3.5 • Strategic investm
Slide 20: Positioned to Benefit From Powerful Industry Trends
Secular Tailwinds Positioned to Benefit From Powerful Industry Trends Increasing Vehicle More Computing Power Shift in Focus to Complexity in the Vehicle Safety Critical Domains ECU/DCU Market by Domains, $ billions Up to 500M Lines of Code <10 millisecond Latency 100-500 Watts QNX excels in Energy
Slide 21: Long-term Software Platform Growth Opportunity
Leading Capabilities Long-term Software Platform Growth Opportunity Integrated Software Platform Captures a Much Larger Share of Wallet and Expands QNX Market Opportunity ©2024 © 2025 BlackBerry. BlackBerry. All AllRights RightsReserved. Reserved 21
Slide 22: Design Wins with Leading OEMs
Deep Working with Industry-Leading Customers Relationships and Partners to Drive Innovation Developing industry-leading foundational Edge Compute software Design Wins with Leveraging dominant market position to win outsized share of future for Auto and GEM¹ applications Leading OEMs market growth Ex
Slide 23: Proven and Consistent QNX Revenue Growth
Proven and Consistent QNX Revenue Growth Double-digit Revenue Growth QNX FY25 Sales Mix (~$236m) US$ millions $260- Asia- Pacific 266 27% Americas 50% $236 Auto & other EMEA Transportation $215 23% $206 82% $178 • Forecasted growth in line with past performance through industry cycles >10% CAGR • Up
Slide 24: Strengthening Our Secure Communications Business
Strengthening Our Secure Communications Business © 2024 BlackBerry. All Rights Reserved 24
Slide 25: Building on our Secure Communications Foundation
Building on our Secure Communications Foundation BlackBerry BlackBerry BlackBerry UEM SecuSuite AtHoc Overview Overview Overview • Major contributor to Cybersecurity revenue • Strong German Government base • Strong customer base and growing in US • Strong focus on retention, efficiency & • Focus on
Slide 26: Preferred Choice
Strong Foundation of Highly Satisfied & Loyal Customers 80% 45% 43% 12% Preferred Choice North EMEA Asia Pacific National Military Government & Large Enterprise America Governments With $250k+ ARR UNITED STATES, CANADA, STRONG RETENTION GERMANY, MALAYSIA, AND MORE All numbers in reference to Fiscal
Slide 27: Appendix (Q3 FY26 Financials)
Appendix (Q3 FY26 Financials) © 2024 BlackBerry. All Rights Reserved 2727
Slide 28: GAAP Income Statement ($M)
GAAP Income Statement ($M) Q1FY25 Q2FY25 Q3FY25 Q4FY25 FY25 Q1FY26 Q2FY26 Q3FY26 (Three Months Ended) QNX $ 53.2 $ 54.7 $ 62.3 $ 65.8 $ 236.0 $ 57.5 $ 63.1 $ 68.7 Secure Communications 64.2 66.5 74.6 67.3 272.6 59.5 59.9 67.0 Software and Services 117.4 121.2 136.9 133.1 508.6 117.0 123.0 135.7 Lice
Slide 29: Adjusted Income Statement ($M)
Adjusted Income Statement ($M) Non-GAAP Income Statement Q1FY25 Q2FY25 Q3FY25 Q4FY25 FY25 Q1FY26 Q2FY26 Q3FY26 (Three Months Ended) QNX $ 53.2 $ 54.7 $ 62.3 $ 65.8 $ 236.0 $ 57.5 $ 63.1 $ 68.7 Secure Comms 64.2 66.5 74.6 67.3 272.6 59.5 59.9 67.0 Software and Services 117.4 121.2 136.9 133.1 508.6 1
Slide 30: Segment Information ($M)
Segment Information ($M) Segment Adjusted Gross Margin and EBITDA (Three Months Ended) Q1FY25 Q2FY25 Q3FY25 Q4FY25 FY25 Q1FY26 Q2FY26 Q3FY26 QNX Segment revenue $ 53.2 $ 54.7 $ 62.3 $ 65.8 $ 236.0 $ 57.5 $ 63.1 $ 68.7 Segment cost of sales 9.5 9.3 8.9 11.1 38.8 11.2 10.7 11.3 Segment adjusted gross
Slide 31: Segment Information ($M) (Cont.)
Segment Information ($M) (Cont.) Segment Gross Margin and EBITDA (Three Months Ended) Q1FY25 Q2FY25 Q3FY25 Q4FY25 FY25 Q1FY26 Q2FY26 Q3FY26 Licensing Segment revenue 6.0 5.0 6.7 8.6 26.3 4.7 6.6 6.1 Segment cost of sales 1.4 1.6 1.5 1.6 6.1 1.6 1.5 1.5 Segment adjusted gross margin $ 4.6 $ 3.4 $ 5.2
Slide 32: Key Metrics & Non-GAAP Reconciliation ($M)
Key Metrics & Non-GAAP Reconciliation ($M) Key Metrics (Three Months Ended) Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Secure Communications Annual Recurring Revenue $ 211 $ 209 $ 215 $ 208 $ 209 $ 213 $ 216 Secure Communications Dollar-Based Net Retention Rate 93% 93% 95% 93% 92% 93% 92% QNX
Slide 33: Non-GAAP Reconciliation ($M) (Cont.)
Non-GAAP Reconciliation ($M) (Cont.) Adjusted Gross Margin Q1FY25 Q2FY25 Q3FY25 Q4FY25 FY25 Q1FY26 Q2FY26 Q3FY26 GAAP revenue $ 123.4 $ 126.2 $ 143.6 $ 141.7 $ 534.9 $ 121.7 $ 129.6 $ 141.8 Total cost of sales 33.4 37.6 31.4 37.6 140.0 31.4 33.0 31.9 Non-GAAP adjustments to cost of sales (0.7) (0.6)
Slide 34: Non-GAAP Reconciliation ($M) (Cont.)
Non-GAAP Reconciliation ($M) (Cont.) Adjusted EBITDA Q1FY25 Q2FY25 Q3FY25 Q4FY25 FY25 Q1FY26 Q2FY26 Q3FY26 GAAP operating income (loss) $ (12.9) $ 2.2 $ 19.5 $ (8.0) $ 0.8 $ 2.0 $ 11.5 $ 11.9 Non-GAAP adjustments to operating income (loss) 18.8 8.5 13.7 25.1 66.1 10.4 10.9 13.1 Adjusted operating in
Slide 35: investorrelations@blackberry.com
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