| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 152.90 | 25.6% |
| Total Income | 152.90 | 25.6% |
| Expenditure | 137.60 | 14.9% |
| PBT | 16.40 | 234.7% |
| Net Profit | 8.50 | 347.4% |
| OPM | 10.01% | 8.36pp |
| NPM | 5.56% | 4.00pp |
| EPS | — |
BlackBerry Reports Q1 FY27 Results: Revenue Up 26% to $153M, Adjusted EBITDA Grows 144%
25 Jun 2026 · 25 Jun, 4:46 pm
Summary
BlackBerry announced strong first quarter fiscal year 2027 results, with total revenue reaching $152.9 million, a 26% increase year-over-year. The company saw significant improvements in profitability, with adjusted EBITDA growing 144% to $36.3 million and GAAP operating income rising to $15.3 million. Management highlighted the continued momentum following their transformation, exceeding expectations in revenue, profitability, and cash generation, driven by solid performance in QNX and Secure Communications. The company also reported its first fiscal quarter of positive operating cash flow in nine years.
Key Highlights
- 1
BlackBerry reported total company revenue of $152.9 million for the first quarter of fiscal year 2027, an increase of 26% year-over-year.
- 2
Adjusted EBITDA increased by 144% year-over-year to $36.3 million, and GAAP operating income improved to $15.3 million.
- 3
Both QNX and Secure Communications segments achieved Rule of 40 performance, contributing to BlackBerry's fifth consecutive quarter of positive GAAP net income.
- 4
The company achieved its first fiscal quarter of positive operating cash flow in nine years, excluding the patent sale in FY24, with $4.6 million generated.
- 5
QNX revenue grew 26% year-over-year to $72.3 million, with segment adjusted EBITDA increasing 52% to $19.3 million.
- 6
Secure Communications revenue increased by 24% year-over-year to $73.6 million, with segment adjusted EBITDA rising 110% to $20.2 million.
Management Comments
John J. Giamatteo
Our first quarter results demonstrate continued momentum following our transformation, as we advance our strategy to drive profitable growth. We exceeded expectations for revenue, profitability, and cash generation through solid performance by our world class QNX and Secure Communications teams. We are particularly encouraged by the multi-year growth opportunities ahead in software-defined vehicles, including significant content expansion with the Alloy Kore platform, as well as broad opportunities in the general embedded market, especially physical AI. We believe these opportunities significantly enhance QNX’s long-term potential. While we remain early in the fiscal year, the foundation of the business is stronger than it has been in years, and we continue to focus on disciplined execution and creating long-term value for our shareholders.
Informational and educational content only. Not investment advice.