BlackBerry Limited (BB) Earnings
BB has beaten EPS estimates in 9 of its last 12 reported quarters (average surprise +167.0% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Dec 18, 2025 | $0.04 | $0.05 | +25.0% | $142M | -1.9% |
| Sep 25, 2025 | $0.01 | $0.04 | +300.0% | $130M | -5.8% |
| Jun 24, 2025 | $0.01 | $0.02 | +42.9% | $122M | -1.0% |
| Dec 19, 2024 | $-0.01 | $0.02 | +300.0% | $143M | +4.2% |
| Sep 26, 2024 | $-0.01 | $-0.01 | -100.0% | $145M | -24.4% |
| Apr 3, 2024 | $0.01 | $0.03 | +193.8% | $171M | +10.8% |
| Dec 20, 2023 | $0.00 | $0.01 | +137.0% | $175M | +1.5% |
| Dec 20, 2022 | $-0.07 | $-0.05 | +28.6% | $169M | +1.0% |
| Jun 23, 2022 | $-0.05 | $-0.05 | -7.4% | $168M | +5.9% |
| Mar 31, 2022 | $0.00 | $0.01 | +123.7% | $185M | +4.0% |
| Dec 21, 2021 | $-0.07 | $0.12 | +267.3% | $184M | +3.8% |
| Sep 22, 2021 | $-0.06 | $-0.06 | +0.0% | $175M | -10.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q4 FY2026 · April 9, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• BlackBerry finished fiscal year with strong quarter, double-digit top-line growth, eighth consecutive quarter of improving gap profitability. • New management team turned BlackBerry into profitable growth company. • QNX delivered rule of 40 quarter, second consecutive record revenue, driven by royalties and development revenue, royalty backlog growing. • QNX strategy underpinned by automotive leadership, with alloy core platforms and general embedded space growth. • Secure Communications has returned to growth, supported by digital sovereignty demand, strong wins. • Tight cost control reduced corporate overhead by 5% in fiscal year 2026. • Continued share buyback program, repurchasing 6.7 million shares for $25 million in Q4.
Guidance
• Q1 revenue expected to be 60-64 million. • Full fiscal year 2027 revenue range 290-307 million, top end ~15% growth. • QNX adjusted EBITDA range 69-81 million. • Secure comms expected to return to full year growth. • Total company fiscal year 2027 top-line growth 6%-11%, adjusted EBITDA 110-130 million, non-GAAP EPS 15-19 cents. • Q1 expected to be seasonal low for cash flow but maintain positive operating cash flow breakeven to 10 million, four-year operating cash flow ~100 million.
Segment performance
QNX: Delivered double-digit top-line growth, achieved second consecutive record revenue in the quarter at 78.7 million, 20% year-over-year growth. Revenue driven by record royalties and development revenue, royalty backlog increased to ~$950 million. Strong in automotive and growing in physical AI, robotics, industrial, medical, and emerging markets. Secure Communications: Revenue was 72.5 million, 8% year-over-year growth, near Rule of 40 quarter. SecuSMART revenue grew meaningfully, multi-year extension and expansion with Shared Services Canada, UEM renewal rate improved, ad hoc had double-digit year-over-year revenue growth in Q4. Licensing: Revenue 4.8 million, slightly below guidance due to quarterly variation in returns from pre-existing arrangements.
Analyst Q&A
Q: Kingsley Crane asks about physical AI and distinction between deterministic and probabilistic action.
A: John Giammatteo says credibility in automotive space translates well to physical AI, building pipeline in robotic space.
Q: Todd Coupland asks about LA Corps and robotics.
A: John Giammatteo says LA Corps pipeline growing, could impact backlog, robotics is part of general embedded space with momentum.
Q: Paul Treber asks about QNX backlog growth and investments.
A: John Giammatteo and Tim Foote say broader portfolio in auto and gem momentum helped backlog, investments in R&D and sales/marketing for growth.
Q: Stephen Lee asks about share count.
A: Tim Foote says need to check diluted share count details