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BlackBerry CEO John Giamatteo rings the NYSE opening bell following the Alloy Kore commercial truck design win
Photo: The Globe and Mail

BlackBerry Stock Jumps 7% on Sixth Straight Earnings Beat

BlackBerry / SEC EDGAR2 min read6 sources

Why is BlackBerry stock up today?

BlackBerry (BB) stock jumped 7% to $8.13 on Monday after Coretura, a Volvo-Daimler commercial-truck joint venture, selected QNX-based Alloy Kore as its software platform, adding over $600 million to QNX's royalty backlog.

Key numbers

QNX Q2 Revenue (all-time record)$80.3M+27% vs. Q2 FY2026
Total Q2 FY2027 Revenue$163.3M+26% YoY; beat $145.6M estimate by 12%
Adjusted EPS$0.07beat $0.04 consensus by 75%
Adjusted EBITDA$17.0M+81% YoY
FY2027 Revenue Guidance (raised)$616M–$636Mraised from $594M–$621M set in Q1
Coretura Backlog Addition>$600Mlargest single design win in QNX history

What happened

BlackBerry (BB) stock jumped 7% to $8.13 on Monday after Coretura, a Volvo-Daimler commercial-truck joint venture, selected QNX-based Alloy Kore as its software platform, adding over $600 million to QNX's royalty backlog. Two days later, BlackBerry reported its sixth consecutive earnings beat, with Q2 FY2027 revenue of $163.3 million — up 26% from a year ago and well above the $145.6 million analysts had expected. QNX, the automotive software division that runs in more than 275 million vehicles worldwide, hit a record $80.3 million in quarterly revenue, up 27% year over year. BlackBerry also raised its full-year revenue outlook to $616–$636 million for the second consecutive quarter.

Why it matters

BlackBerry's QNX automotive software is on track to top $300 million in annual revenue, a milestone that signals the company has fully reinvented itself beyond its smartphone past. The Coretura deal is notable because commercial trucks are a new frontier for QNX — each Alloy Kore deployment reportedly generates more than three times the royalty income per vehicle of a standard QNX deal, making it a high-value growth engine. QNX's total royalty backlog now exceeds $2 billion, a record the company says is beginning to convert into real production revenue.

Who this affects

Marketbullish
Medium impact
BB gained 7% this week; software ETFs edged higher.
Companybullish
High impact
Six straight beats and raised guidance boost BlackBerry's credibility.
Competitorsneutral
Low impact
Mobileye and Aptiv barely moved; no comparable deal wins.
Industrybullish
Medium impact
Alloy Kore opens commercial trucks to QNX-style software licensing.

BlackBerry vs Mobileye, Aptiv

BlackBerryBB:NYSE$2.1B+4.2%+141%40.6x
MobileyeMBLY:NASDAQ$5.5B+1.1%——
AptivAPTV:NYSE$30.4B+1.0%——

As of 2026-09-24

How we got here

  1. Coretura selects QNX Alloy Kore for commercial trucks; BB stock jumps 7%

  2. Q2 FY2027 results: sixth straight earnings beat; QNX record $80.3M revenue

  3. Full-year FY2027 guidance raised to $616M–$636M for second straight quarter

What to watch

  • Second Alloy Kore deal: QNX president expects another win before year-endQ3 FY2027
  • Q3 FY2027 earnings: watch Secure Communications drag vs. QNX momentum2026-12
  • QNX royalty backlog conversion — $2B+ now converting to production royaltiesFY2027

Educational content only. Not investment advice.

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