Business ChallengesSecure Communications turned in a solid performance amidst a challenging backdrop, with revenue down on a sequential and year-over-year basis driven by ongoing headwinds in the UEM portion of the business.
Macro EnvironmentThere still isn't great visibility into when the QNX backlog will create an inflection in IoT growth, and macro headwinds persist across both segments of the business.
UncertaintyDespite the improvements, there is still uncertainty related to auto tariffs, and management raised FY guidance by less than the in-quarter beat, reflecting ongoing prudence as the company navigates a dynamic macroeconomic environment.