BlackBerry Limited (BB) reported second-quarter net income of $33.9 million, or $0.05 per share, up from $13.3 million, or $0.02 per share, a year earlier.
Adjusted net income climbed 79% year-over-year to $43.2 million, or $0.07 per share, compared with $24.2 million, or $0.04 per share, in the prior-year period.
Revenue rose 26% to $163.3 million from $129.6 million.
The QNX segment drove much of the upside, with revenue increasing 27% to $80.3 million and adjusted EBITDA surging 41% to $29.0 million. QNX also landed its first Alloy Kore design win — described by the company as the largest in its history — adding more than $100 million to its royalty backlog.
Secure Communications revenue grew 2% to $60.9 million, while Licensing revenue came in at $22.1 million.
Citing the strong performance, BlackBerry raised its fiscal 2027 revenue outlook to $616 million–$636 million, up from the previous range of $594 million–$621 million. Adjusted earnings per share are now projected at $0.19–$0.22, compared with the prior forecast of $0.16–$0.20.
For the third quarter, the company expects revenue of $143 million–$154 million and adjusted earnings per share of $0.04–$0.05.
“Our strong second-quarter performance provides further evidence that BlackBerry’s profitable growth model is working, with revenue, profitability, and cash flow generation all exceeding our expectations,” said John J. Giamatteo, Chief Executive Officer of BlackBerry.