BlackBerry Limited reported significant financial performance improvements in its latest 10-Q filing for the second quarter of fiscal 2027, ending August 31, 2026. The company achieved revenue of $163.3 million, a 26% increase from $129.6 million in the same quarter of the previous year. Net income also rose to $33.9 million, compared to $13.3 million in the prior year, resulting in earnings per share of $0.06, up from $0.02. For the first six months of the fiscal year, total revenue reached $316.2 million, a 26% increase from $251.3 million, with net income of $42.4 million, compared to $15.2 million in the same period last year.
The company noted several strategic developments contributing to this growth, including a notable increase in revenue from its QNX segment, which rose to $80.3 million, driven by higher royalty and development license revenues. The Licensing segment also saw a substantial increase, generating $22.1 million, up from $6.6 million, attributed to new intellectual property arrangements. The Secure Communications segment reported a modest increase to $60.9 million, reflecting a mix of product performance.
Operationally, BlackBerry's customer engagement metrics showed positive trends, with the Secure Communications annual recurring revenue (ARR) reaching approximately $221 million, an increase from $213 million year-over-year. The company also reported a dollar-based net retention rate of 91%, slightly down from 93% in the previous year. The total number of common shares outstanding was 587 million as of September 21, 2026, reflecting a decrease from the previous period due to share repurchases.
The filing also highlighted changes in operating expenses, which increased to $93.5 million from $85.1 million, primarily due to higher research and development costs and legal expenses. The gross margin improved to 77.8% of revenue, up from 74.5% in the prior year, driven by a favorable revenue mix. Looking ahead, BlackBerry expects total revenue for fiscal 2027 to be in the range of $616 million to $636 million, reflecting a strong first-half performance and positive momentum across its business segments. The company remains focused on maintaining its financial health, with cash, cash equivalents, and investments totaling $447.1 million as of August 31, 2026.
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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