BlackBerry Limited reported its financial results for the third quarter of fiscal 2026, revealing a revenue of $141.8 million, a slight decrease from $143.6 million in the same period last year. The company achieved a net income of $13.7 million, or $0.02 per share, compared to a net loss of $10.5 million, or $0.02 per share, in the prior year. The increase in profitability was attributed to the absence of losses from discontinued operations, specifically the Cylance cybersecurity business, which was sold in the previous fiscal year.
In terms of operational performance, BlackBerry's QNX segment saw a revenue increase of $6.4 million to $68.7 million, driven by higher royalty and development seat revenues. However, the Secure Communications segment experienced a decline of $7.6 million, primarily due to reduced revenue from Secusmart products. The Licensing segment also saw a minor decrease, with revenue falling to $6.1 million from $6.7 million. Overall, the company’s gross margin decreased to $109.9 million, reflecting a gross margin percentage of 77.5%, down from 78.1% in the previous year.
BlackBerry's total operating expenses rose to $98.0 million, up from $92.7 million year-over-year, largely due to increased research and development costs. The company reported a significant reduction in operating expenses compared to the first nine months of the fiscal year, totaling $271.4 million, down from $282.0 million in the same period last year. This reduction was primarily driven by lower amortization and impairment charges.
The company continues to focus on strategic initiatives, including the expansion of its product offerings and partnerships. Notably, BlackBerry announced a strategic partnership with Universiti Kebangsaan Malaysia to enhance cybersecurity talent and expanded its Secure Communications software deployment for government events. As of November 30, 2025, BlackBerry had $377.5 million in cash, cash equivalents, and investments, a decrease from $410.3 million at the end of the previous fiscal year, primarily due to share repurchases under its normal course issuer bid program.
Looking ahead, BlackBerry expects total revenue for the fourth quarter of fiscal 2026 to be in the range of $138 million to $148 million, with full-year revenue projected between $531 million and $541 million. The company anticipates continued growth in its QNX segment and a stabilization in Secure Communications, despite recent fluctuations in revenue.
About BLACKBERRY Ltd
BlackBerry Limited provides intelligent software and services focused on embedded systems and secure communications for enterprises, governments, and OEMs worldwide. Its core segments include QNX, offering foundational automotive and industrial embedded software, and Secure Communications, delivering secure mobile, messaging, and critical event management solutions. BlackBerry serves automotive, healthcare, government, and regulated industries, leveraging extensive patents and a cloud-first approach to enable secure, reliable, and safety-certified connected devices and communications.
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