Blackberry ( (BB) ) has released its Q1 earnings. Here is a breakdown of the information Blackberry presented to its investors.
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BlackBerry Limited, based in Waterloo, Ontario, is a company that provides intelligent software and services for enterprises and governments, focusing on secure communications and high-performance foundational software for various industries, including automotive and industrial sectors. In the first quarter of fiscal year 2026, BlackBerry reported strong financial results, surpassing its guidance on revenue, adjusted EBITDA, adjusted EPS, and operating cash flow. The company saw significant performance in its QNX and Secure Communications divisions, with both exceeding revenue and profitability expectations, and it returned $10 million to shareholders through a share buyback program. Key financial metrics include a total revenue of $121.7 million, a gross margin of 74%, and a net income of $1.9 million, marking the first GAAP profitability since Q4 FY22. The QNX division achieved an 8% year-over-year revenue growth, while Secure Communications maintained a stable ARR and improved its adjusted gross margin. Looking forward, BlackBerry’s management remains optimistic, with guidance suggesting continued revenue growth and profitability, driven by strategic initiatives and product innovations in its core divisions.