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Blackberry (BB) investor relations material

Blackberry Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary18 Dec, 2025

Executive summary

  • Q3 FY26 delivered GAAP net income of $13.7 million, the third consecutive quarter of profitability, with a $24.2 million year-over-year improvement and positive operating cash flow, exceeding guidance on revenue, profitability, and cash flow.

  • All business segments—QNX, Secure Communications, and Licensing—were profitable, with QNX achieving record quarterly revenue and Secure Communications showing sequential growth.

  • Operating cash flow was $17.9 million, up threefold year over year, reflecting strong execution and cost management.

  • The company maintained a strong cash and investment position, ending the quarter with $377.5 million to $378 million, and returned $5 million to shareholders via share buybacks.

Financial highlights

  • Total revenue for Q3 FY26 was $141.8 million, with adjusted gross margin at 78% and adjusted EBITDA of $28.7 million (20% margin).

  • GAAP net income reached $13.7 million; non-GAAP EPS was $0.05, both exceeding guidance.

  • Operating cash flow for the quarter was $17.9 million; free cash flow was $17.0 million.

  • QNX segment revenue grew 10% year-over-year to $68.7 million; Secure Communications revenue was $67.0 million; Licensing revenue was $6.1 million.

  • Cash, cash equivalents, and investments totaled $377.5 million to $378 million at quarter end.

Outlook and guidance

  • Q4 FY26 revenue guidance is $138–$148 million; full-year FY26 revenue guidance is $531–$541 million.

  • QNX Q4 revenue expected at $71–$77 million; Secure Communications at $61–$65 million; Licensing at ~$6 million.

  • Full-year adjusted EBITDA guidance is $94–$104 million; non-GAAP EPS expected at $0.14–$0.16.

  • Q4 operating cash flow expected at $40–$45 million; full-year guidance raised to $43–$48 million.

What are key drivers for QNX's continued growth?
Address Secure Comms DBNRR decline impact.
Explain Q4 operating cash flow guidance vs Q3.
Vehicle software platform pricing upside
Canadian government Secure Comms expansion strategy
QNX GEM go-to-market investment focus
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Frequently asked questions

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. It delivers solutions to secure the Internet of Things; a platform and applications to manage endpoints, network nodes and infrastructure; a suite of security services for enterprises; end-to-end security of mobile communications; and other enterprise software and services. BlackBerry Limited was founded in 1984 and is headquartered in Waterloo, Canada.

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