Overview
- BlackBerry reported adjusted Q2 earnings of $0.07 per share and revenue of $163.3 million, both above analyst forecasts, with adjusted EBITDA of $47.0 million far exceeding the $28.1 million estimate.
- Revenue rose 26% year over year and management said growth was driven largely by wider adoption of QNX, the company’s automotive operating system that is embedded in about 275 million vehicles.
- The company guided to roughly $149 million in Q3 revenue and $33 million in Q3 earnings and set full-year FY27 targets near $626 million in revenue and $150 million in earnings, guidance that the market read as mixed.
- Shares fell about 4% after the outlook was released despite the quarter’s beats, with the stock remaining up strongly year to date amid heavy retail interest and past short-squeeze dynamics.
- Analyst coverage is limited to seven firms that collectively rate the stock a Moderate Buy with an average price target near $10.47, and BlackBerry’s decade-long shift from handsets to software leaves growth tied to auto and IoT adoption and to short-term sentiment.