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Get filing alertsBlackBerry reports 26% revenue growth, fifth straight profitable quarter, first Q1 cash flow positive in nine years
Filed June 25, 2026 · Period ending June 25, 2026 · ~1 min read
Key Changes
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Q1 FY2027 revenue grew 26% YoY to $153M with adjusted EBITDA up 144% to $36M; fifth consecutive quarter of positive net income at $8.5M and first Q1 operating cash flow positive ($4.6M) in nine years excluding patent sale
Exhibit 99.1 view on EDGAR → -
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Both QNX and Secure Communications achieved Rule of 40 performance: QNX revenue up 26% to $72M with 27% EBITDA margin; Secure Communications revenue up 24% to $74M with 27% EBITDA margin
Exhibit 99.1 view on EDGAR → -
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FY2027 guidance: full-year revenue $594-621M, adjusted EBITDA $119-139M, non-GAAP EPS $0.16-0.20, and operating cash flow approximately $100M
Exhibit 99.1 view on EDGAR → -
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Expanded NVIDIA collaboration for safety-critical edge AI and secured Leapmotor design win for D19 electric SUV using QNX Software Development Platform 8.0
Exhibit 99.1 view on EDGAR → -
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Repurchased 2.6M shares for $10M in Q1 and renewed normal course issuer bid program authorizing buyback of up to 26.8M shares
Exhibit 99.1 view on EDGAR →
Summary
BlackBerry delivered a strong turnaround quarter with 26% revenue growth to $153 million and its first Q1 operating cash flow positive result in nine years. The company achieved its fifth consecutive quarter of GAAP profitability with net income of $8.5 million, while adjusted EBITDA surged 144% to $36 million.
Both core segments—QNX embedded software and Secure Communications—hit Rule of 40 performance with 27% EBITDA margins, demonstrating the company's progress toward sustainable profitability. Management's full-year guidance projects revenue of $594-621 million and operating cash flow of approximately $100 million, signaling confidence in the business trajectory.
Strategic wins including an expanded NVIDIA partnership for safety-critical AI and a Leapmotor design win for electric vehicles support the growth outlook. The renewed share buyback program, with 2.6 million shares repurchased in Q1, reflects management's view that the turnaround has legs. For holders, the key question is whether BlackBerry can sustain this momentum and convert improving profitability into consistent free cash flow generation.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Revenue increased 26% year-over-year to approximately $153 million ... Adjusted EBITDA grew 144% year-over-year; GAAP operating income increased year-over-year to approximately $15 million ... Both QNX and Secure Communications achieved Rule of 401 performance, contributing to BlackBerry’s fifth consecutive quarter of positive GAAP net income ... First fiscal quarter of positive operating cash flow in nine years, excluding the patent sale in FY24
BlackBerry disclosed strong Q1 FY2027 results for the three months ended May 31, 2026. Total revenue reached $152.9 million, up 26% year-over-year. Adjusted EBITDA increased 144% to $36.3 million, while GAAP operating income improved by $13.3 million to $15.3 million. The company achieved its fifth consecutive quarter of positive GAAP net income at $8.5 million and generated $4.6 million in operating cash flow, marking the first positive Q1 operating cash flow in nine years when excluding the FY24 patent sale.
Added in current filing · view on EDGAR → · paraphrased
QNX revenue increased 26% year-over-year to $72.3 million; QNX segment adjusted gross margin expanded by 5 percentage points year-over-year to 86%. QNX segment adjusted EBITDA increased 52% year-over-year to $19.3 million, representing a 27% margin. Secure Communications revenue increased by 24% year-over-year to $73.6 million; Secure Communications segment adjusted gross margin increased by 2 percentage points year-over-year to 72%. Secure Communications segment adjusted EBITDA increased 110% year-over-year to $20.2 million, representing a 27% margin.
Both core segments delivered strong growth. QNX revenue grew 26% to $72.3 million with adjusted EBITDA up 52% to $19.3 million (27% margin). Secure Communications revenue increased 24% to $73.6 million with adjusted EBITDA up 110% to $20.2 million (27% margin). Both segments achieved Rule of 40 performance, indicating healthy combinations of growth and profitability.
Added in current filing · view on EDGAR → · paraphrased
Total BlackBerry revenue: $137 - $148 million ... $594 - $621 million ... Total Company adjusted EBITDA: $20 - $30 million ... $119 - $139 million ... Non-GAAP basic EPS2: $0.03 – $0.04 ... $0.16 – $0.20 ... Operating cash flow Breakeven – $10 million ... Approximately $100 million
BlackBerry provided guidance for Q2 FY2027 and full fiscal year ending February 28, 2027. For Q2, the company expects revenue of $137-148 million, adjusted EBITDA of $20-30 million, and non-GAAP EPS of $0.03-0.04. For the full year, guidance calls for revenue of $594-621 million, adjusted EBITDA of $119-139 million, non-GAAP EPS of $0.16-0.20, and operating cash flow of approximately $100 million.
Added in current filing · view on EDGAR →
Expanded QNX’s collaboration with NVIDIA to advance safety-critical edge AI across robotics, medical, and industrial systems through the integration of QNX OS for Safety 8.0 with NVIDIA IGX Thor and the NVIDIA Halos Safety Stack. ... Leading Chinese electric vehicle company, Leapmotor, selected the QNX® Software Development Platform 8.0 and QNX® Hypervisor for Safety 8.0 to serve as the foundational software platform for its forthcoming premium electric SUV, the D19.
BlackBerry announced several strategic developments including an expanded collaboration with NVIDIA for safety-critical edge AI applications and a design win with Leapmotor for its D19 electric SUV. The company also released QNX Hypervisor 8.0 for Safety and announced partnerships with TKMS for naval defense applications and The IP Company for secure military communications. These developments support the company's growth strategy in software-defined vehicles and embedded systems.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 29, 2026 · How we verify