BlackBerry Limited has reported its financial results for the third quarter of fiscal year 2026, showcasing notable achievements in various divisions and providing guidance for the upcoming period.
In terms of financial highlights, total company revenue exceeded previously-provided guidance, reaching $141.8 million. Notably, the QNX division achieved its highest revenue quarter ever, with a 10% year-over-year growth to $68.7 million. The QNX segment's adjusted gross margin increased by 1 percentage point sequentially, while Secure Communications revenue exceeded expectations at $67.0 million, showing a sequential increase of $7.1 million.
Furthermore, the company achieved seventh consecutive quarter of improved GAAP profitability and the third consecutive quarter of positive GAAP net income, with GAAP net income of $13.7 million and adjusted net income of $26.8 million. Operating cash flow for the third quarter grew both sequentially and year-over-year to a positive $17.9 million. The company also returned $5 million to shareholders through the repurchase of approximately 1.2 million common shares.
Additionally, BlackBerry provided financial guidance for the fourth fiscal quarter and the full fiscal year 2026, with expectations for total company revenue in the range of $138 * $148 million for the fourth quarter and $531 * $541 million for the full fiscal year. The guidance also includes specific revenue and adjusted EBITDA expectations for the QNX and Secure Communications divisions, as well as licensing revenue and adjusted corporate operating costs.
As a result of these announcements, the company's shares have moved 1.53% on the market, and are now trading at a price of $4.325. For more information, read the company's full 8-K submission here.
