🔹 Revenue: $129.6M (Est. $120.06M) 🟢; UP +3% YoY
🔹 Adj. EPS $0.04 (Est. $0.01) 🟢
🔹 Adj EBITDA: $25.9M (20% margin); above guidance
FY Guidance:
🔹 Revenue: $519–541M (Est. $519.7M) 🟢
🔹 EPS (Non-GAAP): $0.11–0.15 (Est. $0.09) 🟢
🔹 Adjusted EBITDA: $82–101M
🔹 Operating Cash Flow: $35–40M
Q3 Guidance:
🔹 Revenue: $132–140M
🔹 Non-GAAP EPS: $0.02–0.04
🔹 Adjusted EBITDA: $20–28M
🔹 Operating Cash Flow: $10–20M
Q2 Segment Results:
QNX:
🔹 Revenue: $63.1M; UP +15% YoY
🔹 Adjusted EBITDA: $20.5M (32% margin); beat guidance
🔹 Adjusted Gross Margin: 83% (flat YoY)
Secure Communications:
🔹 Revenue: $59.9M; DOWN -10% YoY
🔹 Adjusted EBITDA: $9.7M; beat guidance
🔹 Adjusted Gross Margin: 66% (+5pp YoY)
🔹 ARR: $213M; DBNRR 93% (flat YoY, +1pp QoQ)
Licensing:
🔹 Revenue: $6.6M
🔹 Adjusted EBITDA: $5.6M
Other Metrics:
🔹 Operating Cash Flow: +$3.4M
🔹 Total Gross Margin: 75% (+4pp YoY)
🔹 Cash & Investments: $363.5M (down $18.4M QoQ)
🔹 Returned $20M to shareholders via 5M share repurchase
CEO Commentary:
🔸 “BlackBerry delivered year-over-year revenue growth and expanded gross margins while reducing operating expenses. This combination ensured strong profitability in the second quarter, beating expectations and achieving a second consecutive quarter of GAAP profitability.”
🔸 “Our QNX division recorded a ‘rule of 40’ quarter and progress across all our key growth initiatives.”
🔸 “Our Secure Communications division exceeded expectations at both the top and bottom line, and delivered improvements in its key metrics.”