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BlackBerry shares climbed more than 2% in premarket trading Thursday after the cybersecurity and software company reported stronger-than-expected second-quarter results and issued an upbeat full-year revenue outlook.
BlackBerry posted adjusted earnings of $0.07 per share, comfortably beating Wall Street’s estimate of $0.04. Quarterly revenue reached $163.3 million, well above the $142.55 million consensus forecast and up 26% from the same period a year earlier.
Profitability also improved sharply. Total adjusted EBITDA surged 81% year-over-year to $47 million, while BlackBerry’s adjusted gross margin expanded by three percentage points to 78.2%.
The QNX division delivered particularly strong growth, with revenue rising 27% to $80.3 million. QNX adjusted gross margin increased four percentage points to 87%, while adjusted EBITDA jumped 41% to $29 million, representing a 36% margin.
BlackBerry’s Secure Communications business generated $60.9 million in revenue, up 2% from a year earlier. However, adjusted gross margin declined five percentage points to 61%, and adjusted EBITDA fell 18% to $8 million. Annual recurring revenue remained unchanged at $221 million, while dollar-based net retention stood at 91%.
Licensing revenue totaled $22.1 million, with the segment generating $20 million in adjusted EBITDA.
For the third quarter, BlackBerry expects adjusted earnings of $0.04 to $0.05 per share, compared with analysts’ $0.05 estimate. Revenue is projected between $143 million and $154 million, surrounding the consensus forecast of $149.73 million. Adjusted EBITDA is expected to range from $28 million to $37 million.
For fiscal 2027, BlackBerry forecasts adjusted EPS of $0.19 to $0.22 and revenue between $616 million and $636 million. The revenue outlook exceeds Wall Street’s $614.49 million estimate, while the EPS range compares with a $0.19 consensus forecast.
Full-year adjusted EBITDA is expected to reach between $141 million and $158 million, adding to investor optimism following the stronger second-quarter performance.
