BlackBerry Reports Strong Financial Growth

By Chris Stiles • Thursday, April 09 11:19 • Permanent Link

BlackBerry reported fourth-quarter fiscal 2026 revenue of $156.0 million, up 10% from a year earlier, as the company posted its eighth straight quarter of improvement in GAAP net income. Full-year revenue rose 3% to $549.1 million, returning the company to top-line growth for the fiscal year.

Quarterly adjusted EBITDA jumped 71% year over year to $36.1 million, while GAAP operating income increased by $30.9 million to $22.9 million. Adjusted net income nearly doubled, climbing 92% to $34.0 million, and GAAP net income improved to $24.3 million. Operating cash flow came in at $45.6 million, up 9% from the prior year. Total cash and investments reached $432.4 million, an increase of $22.1 million year over year.

QNX continued to drive results. Quarterly revenue hit a record $78.7 million, up 20% year over year, and full-year revenue rose 14% to $268.0 million. QNX’s royalty backlog grew to about $950 million. The segment’s adjusted EBITDA was $21.4 million in the quarter, with a 27% margin, and $71.0 million for the year, up 20% from the prior year.

Secure communications also returned to growth in the quarter, with revenue up 8% to $72.5 million. Segment adjusted gross margin widened to 72%, an 8-point increase, while adjusted EBITDA rose 55% to $19.5 million. For the full year, secure communications revenue was $258.9 million, and adjusted EBITDA was $56.1 million.

Corporate costs excluding amortization fell 8% in the quarter to $11.1 million and declined 5% for the year to $41.0 million. Full-year adjusted EBITDA increased 27% to $107.1 million, while GAAP operating income improved by $47.5 million to $48.3 million. GAAP net income swung to a gain of $53.2 million from a loss of $79.0 million a year earlier.

For fiscal 2027, BlackBerry guided total revenue to $584 million to $611 million, with QNX revenue of $290 million to $307 million and secure communications revenue of $270 million to $280 million. It projected total company adjusted EBITDA of $110 million to $130 million and operating cash flow of about $100 million. Today the company's shares have moved -1.22% to a price of $3.25. For more information, read the company's full 8-K submission here.

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