BlackBerry exceeded revenue expectations and maintained profitability in Q3 FY26
QNX division achieved highest revenue quarter ever
Secure Communications division outperformed revenue and adjusted EBITDA guidance
Company achieved seventh consecutive quarter of improved GAAP profitability
Operating cash flow showed positive growth in the quarter
Total Company Revenue
Exceeded guidance at $141.8 million, with sequential increase of $12.2 million and slight year-over-year decrease
QNX Division Performance
Recorded all-time high revenue of $68.7 million, showing 10% year-over-year growth and 84% adjusted gross margin
Secure Communications Division
Surpassed revenue guidance at $67.0 million, with adjusted EBITDA of $17.3 million and 72% adjusted gross margin
GAAP Profitability
Achieved GAAP net income of $13.7 million, with GAAP basic earnings per share of $0.02 and non-GAAP EPS of $0.05
Cash Flow and Shareholder Returns
Positive operating cash flow of $17.9 million in Q3 FY26, returning $5 million to shareholders through share repurchases
- BlackBerry's strong financial performance in Q3 FY26 showcases resilience and strategic growth in key divisions
- Continuous improvement in GAAP profitability and positive cash flow demonstrate effective cost management
- Expansion in Secure Communications and QNX divisions indicate market adoption and revenue growth potential
- Strategic partnerships and business announcements highlight BlackBerry's focus on innovation and market relevance
BlackBerry's robust performance in Q3 FY26 reflects successful revenue generation, improved profitability, and positive outlook for FY26. The company's strategic decisions and divisional achievements position it well for future growth and market leadership.