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May 31, 2025
BlackBerry Q1 2026 Earnings Report
BlackBerry posted a return to GAAP profitability and exceeded guidance across revenue, adjusted EBITDA, and adjusted EPS in Q1 2026.
Key Takeaways
BlackBerry had a strong Q1 2026, exceeding guidance for total company revenue, adjusted EBITDA, and adjusted EPS. Both its QNX and Secure Communications divisions outperformed expectations. The company returned to GAAP profitability for the first time since Q4 FY22 and continued its share buyback program.
Returned to GAAP profitability with net income of $1.9 million.
Total revenue exceeded guidance at $121.7 million.
QNX and Secure Communications both delivered revenue and adjusted EBITDA above expectations.
Repurchased 2.57 million shares for $10 million.
Revenue by Segment
Forward Guidance
BlackBerry raised full-year guidance for Secure Communications and expects Q2 revenue between $115M and $125M.
Positive Outlook
- QNX revenue expected to remain strong between $55M and $60M in Q2.
- Secure Communications guidance raised for FY26.
- Licensing revenue guided at $6M for Q2.
- Total company adjusted EBITDA expected to reach up to $14M in Q2.
- FY26 non-GAAP EPS expected between $0.08 and $0.10.
Challenges Ahead
- Secure Communications DBNRR decreased to 92%.
- Cash and investments fell by $28.4M sequentially.
- Operating cash usage was $18M in Q1.
- Licensing revenue decreased YoY.
- Total revenue slightly down from Q1 last year ($123.4M).
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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