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$BB Q1’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $152.9M (Est. $138.188M) 🟢; +26% YoY 🔹 Adj. EPS: $0.04 (Est. $0.03) 🟢 🔹 Adj. EBITDA: $36.3M; +144% YoY 🔹 Operating Cash Flow: $4.6M; first positive fiscal Q1 in 9 years, excluding FY24 patent sale 🔹 QNX and Secure Communications: Both achieved Rule of 40 Q2 Guide: 🔹 Revenue: $137M-$148M 🔹 Adj. EBITDA: $20M-$30M 🔹 Adj. EPS: $0.03-$0.04 🔹 Operating Cash Flow: Breakeven-$10M FY Guide: 🔹 Revenue: $594M-$621M 🔹 Adj. EBITDA: $119M-$139M 🔹 Adj. EPS: $0.16-$0.20 🔹 Operating Cash Flow: Approximately $100M Segment Performance: 🔹 QNX Revenue: $72.3M; +26% YoY 🟢 🔹 QNX Adj. EBITDA: $19.3M; +52% YoY 🔹 Secure Communications Revenue: $73.6M; +24% YoY 🔹 Secure Communications Adj. EBITDA: $20.2M; +110% YoY 🔹 Licensing Revenue: $7.0M Other Metrics: 🔹 Secure Communications ARR: $220M 🔹 Secure Communications DBNRR: 92% 🔹 Cash and Investments: $422.9M Capital Return: 🔹 Buybacks: Repurchased 2.6M shares for $10.0M 🔹 Authorization: Renewed NCIB buyback program for up to 26.8M common shares Commentary: 🔸 “We exceeded expectations for revenue, profitability, and cash generation through solid performance by our world class QNX and Secure Communications teams.” 🔸 “The foundation of the business is stronger than it has been in years.”

wallstengine ↗

$BB BlackBerry Reports First Quarter Fiscal Year 2027 Results Revenue increased 26% year-over-year to approximately $153 million Adjusted EBITDA grew 144% year-over-year; GAAP operating income increased year-over-year to approximately $15 million Both QNX and Secure Communications achieved Rule of 40 performance, contributing to BlackBerry's fifth consecutive quarter of positive GAAP net income; Adjusted EPS exceeded expectations First fiscal quarter of positive operating cash flow in nine years, excluding the patent sale in FY24 WATERLOO, ON / ACCESS Newswire / June 25, 2026 / BlackBerry Limited (NYSE:BB)(TSX:BB) today reported financial results for the three months ended May 31, 2026 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated). "Our first quarter results demonstrate continued momentum following our transformation, as we advance our strategy to drive profitable growth. We exceeded expectations for revenue, profitability, and cash generation through solid performance by our world class QNX and Secure Communications teams," said John J. Giamatteo, CEO, BlackBerry. "We are particularly encouraged by the multi-year growth opportunities ahead in software-defined vehicles, including significant content expansion with the Alloy Kore platform, as well as broad opportunities in the general embedded market, especially physical AI. We believe these opportunities significantly enhance QNX's long-term potential. While we remain early in the fiscal year, the foundation of the business is stronger than it has been in years, and we continue to focus on disciplined execution and creating long-term value for our shareholders." First Quarter Fiscal 2027 Financial Highlights Total company revenue of $152.9 million increased 26% year-over-year. Total company adjusted gross margin improved approximately 4 percentage points year-over-year to 78.6%; GAAP gross margin improved by approximately 4 percentage points year-over-year to 78.3%. Total company adjusted EBITDA increased by 144% year-over-year to $36.3 million; GAAP operating income improved by $13.3 million year-over-year to $15.3 million. QNX revenue increased 26% year-over-year to $72.3 million; QNX segment adjusted gross margin expanded by 5 percentage points year-over-year to 86%. QNX segment adjusted EBITDA increased 52% year-over-year to $19.3 million, representing a 27% margin. Secure Communications revenue increased by 24% year-over-year to $73.6 million; Secure Communications segment adjusted gross margin increased by 2 percentage points year-over-year to 72%. Secure Communications segment adjusted EBITDA increased 110% year-over-year to $20.2 million, representing a 27% margin. Secure Communications ARR remained stable at $220 million and DBNRR was 92%. Licensing revenue was $7.0 million; Licensing segment adjusted EBITDA was $6.2 million. Adjusted net income increased 135% year-over-year to $25.4 million; GAAP net income was positive for the fifth consecutive quarter at $8.5 million. Adjusted basic earnings per share was $0.04; GAAP basic earnings per share was $0.01. Operating cash flow was $4.6 million, marking BlackBerry's first cash positive fiscal first quarter in nine years, when allowing for the sale of the non-core patent portfolio to Malikie in fiscal year 2024. Repurchased 2.6 million shares for $10.0 million during the quarter. Ended the first quarter with $422.9 million in cash and investments. 1 The company defines the Rule of 40 metric as the sum of its GAAP revenue year-over-year growth percentage and its non-GAAP adjusted EBITDA margin percentage. Where the sum equals or exceeds 40, then the Rule of 40 is considered to have been achieved. Business Highlights & Strategic Announcements Expanded QNX's collaboration with NVIDIA to advance safety-critical edge AI across robotics, medical, and industrial systems through the integration of QNX OS for Safety 8.0 with NVIDIA IGX Thor and the NVIDIA Halos Safety Stack. Released QNX Hypervisor 8.0 for Safety, further strengthening QNX's position as a foundational software platform for software-defined vehicles, robotics, medical devices, and other safety critical applications. Leading Chinese electric vehicle company, Leapmotor, selected the QNX® Software Development Platform 8.0 and QNX® Hypervisor for Safety 8.0 to serve as the foundational software platform for its forthcoming premium electric SUV, the D19. Announced a collaboration with TKMS, one of the world's leading naval defence companies, for strategic collaboration in support of Canada's submarine program. TKMS will adopt QNX's trusted foundational software across its next‑generation naval platforms. Achieved FedRAMP Class D (High) re-certification for BlackBerry® AtHoc®. Announced a strategic partnership between BlackBerry Secure Communications and The IP Company to bring highly secure, certified communications capabilities to naval and military environments worldwide. Announced the renewal of its normal course issuer bid ("NCIB") share buyback program for up to 26.8 million common shares. @BlackBerry

IAMessential316 ↗

The @BlackBerry secure communications growth was a dark horse in earnings today. The segment has grown 4 quarters in a row with a 26% earnings growth Q1. In addition to the large deal with shared Services, Canada, $BB secured a number of renewals, expansions and new logos primarily across government, defense and regulated industries. In North America, $BB secured deals with the US Air Force, U.S. Cyber Command, the U.S. Senate, the US Secret Service, and the white House Communications Agency. 🔥🇺🇸

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