Anthropic’s Claude Discovers CRISPR-Like Enzyme System 
NASA, Boeing Discuss Expanding Starliner Missions 
Databricks to Invest $350 Million in Singapore AI Expansion 
Apple Extends Qualcomm Patent Licensing Deal 
SoftBank Raises $11.1 Billion in Bond Sale to Fund OpenAI Investment 
Meta Unveils Muse Charm AI Device, Expands Smart Glasses Lineup 
CNN, MS NOW and Politico Sue Trump Over White House Media Ban 
Tencent Launches TenPayGo Payment App for Foreign Tourists in China 
US Northeast Airports Resume Operations After Telecom Outage Disrupts Thousands of Flights 
Petrobras Joins Brazil’s New Diesel Subsidy Program 
OpenAI Agent Breaches Australia Medicare Data Portal 
Microsoft Stock Upgraded as Stifel Sees Stronger Azure Growth 
Meta Partners With Shopify to Bring Shop Pay Checkout to Muse AI 
Japan, U.S. Discuss $19 Billion GlobalFoundries Chip Plant 
BMW 2028 Margin Target Could Fall Below Consensus, UBS Says 
France Urges Faster AI Push Despite Safety Risks 
SK Hynix, Intel Discuss U.S. Memory Chip Production Deal 
Add as a preferred source on Google
BlackBerry shares climbed more than 2% in premarket trading Thursday after the cybersecurity and software company reported stronger-than-expected second-quarter results and issued an upbeat full-year revenue outlook.
BlackBerry posted adjusted earnings of $0.07 per share, comfortably beating Wall Street’s estimate of $0.04. Quarterly revenue reached $163.3 million, well above the $142.55 million consensus forecast and up 26% from the same period a year earlier.
Profitability also improved sharply. Total adjusted EBITDA surged 81% year-over-year to $47 million, while BlackBerry’s adjusted gross margin expanded by three percentage points to 78.2%.
The QNX division delivered particularly strong growth, with revenue rising 27% to $80.3 million. QNX adjusted gross margin increased four percentage points to 87%, while adjusted EBITDA jumped 41% to $29 million, representing a 36% margin.
BlackBerry’s Secure Communications business generated $60.9 million in revenue, up 2% from a year earlier. However, adjusted gross margin declined five percentage points to 61%, and adjusted EBITDA fell 18% to $8 million. Annual recurring revenue remained unchanged at $221 million, while dollar-based net retention stood at 91%.
Licensing revenue totaled $22.1 million, with the segment generating $20 million in adjusted EBITDA.
For the third quarter, BlackBerry expects adjusted earnings of $0.04 to $0.05 per share, compared with analysts’ $0.05 estimate. Revenue is projected between $143 million and $154 million, surrounding the consensus forecast of $149.73 million. Adjusted EBITDA is expected to range from $28 million to $37 million.
For fiscal 2027, BlackBerry forecasts adjusted EPS of $0.19 to $0.22 and revenue between $616 million and $636 million. The revenue outlook exceeds Wall Street’s $614.49 million estimate, while the EPS range compares with a $0.19 consensus forecast.
Full-year adjusted EBITDA is expected to reach between $141 million and $158 million, adding to investor optimism following the stronger second-quarter performance.
