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Nov 30, 2025
BlackBerry Q3 2026 Earnings Report
BlackBerry reported higher-than-expected revenue and profitability for the quarter ended November 30, 2025.
Key Takeaways
BlackBerry exceeded revenue and EPS guidance in Q3 FY26, achieved its strongest GAAP profitability in nearly 4 years, and delivered a seventh straight quarter of improved GAAP profitability.
QNX division delivered a record revenue quarter at $68.7M.
GAAP net income was $13.7M with operating income of $11.9M.
Total revenue reached $141.8M, above the top-end of guidance.
EPS of $0.02 GAAP and $0.05 non-GAAP exceeded expectations.
Revenue by Segment
Forward Guidance
BlackBerry provided Q4 FY26 guidance with expected revenue between $138M and $148M and continued profitability on both GAAP and non-GAAP metrics.
Positive Outlook
- Q4 revenue expected between $138M and $148M.
- QNX revenue guided between $71M and $77M.
- Adjusted EPS expected between $0.03 and $0.05.
- Q4 operating cash flow expected between $40M and $45M.
- Full year adjusted EBITDA expected at $94M.
Challenges Ahead
- Secure Communications revenue guidance below prior year actuals.
- DBNRR for Secure Communications declined YoY and QoQ.
- QNX margin slightly declined YoY despite revenue growth.
- Overall gross margin down 1 percentage point YoY.
- Licensing revenue remains stagnant at low levels.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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