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BlackBerry Shares Jump as Q4 Beat Caps Turnaround and QNX Leads Growth

A surging QNX backlog with above‑consensus guidance signals renewed momentum.

Overview

  • BlackBerry, which reported Thursday, posted fourth‑quarter revenue of $156 million and adjusted earnings of 6 cents a share, topping forecasts.
  • Management said the turnaround is complete, issuing first‑quarter revenue guidance of $132 million to $140 million and a full‑year outlook of $584 million to $611 million with adjusted EPS of 15 to 19 cents.
  • QNX, its embedded software for cars and other machines, grew revenue 20% to $78.7 million with a royalty backlog near $950 million.
  • The secure communications unit rose 8% to $72.5 million, with most sales to governments and fresh demand for in‑country hosting and long contracts.
  • Shares rose about 10% to 12% after the results as leaders flagged M&A tuck‑ins to speed QNX, possible share buybacks, and openness to offers for the communications business.