BlackBerry Limited shares gained 13.3% over one week, with record QNX performance, stronger profitability and higher fiscal 2027 guidance providing fundamental support. Second-quarter fiscal 2027 revenues rose 26% year over year to $163.3 million, adjusted EBITDA climbed 81% to $47 million, or 29% of revenues, and operating cash flow improved to $29.3 million from $3.4 million a year earlier. Within that total, QNX revenues increased 27.3% year over year to a quarterly record of $80.3 million, with adjusted EBITDA up 41.5% to $29 million and adjusted gross margin expanding four percentage points to 87%; the first Alloy Kore design win added more than $100 million to QNX royalty backlog. Management raised fiscal 2027 revenue guidance to $616-$636 million and adjusted EBITDA guidance to $141-$158 million, and lifted its operating cash flow outlook to approximately $115 million, while QNX revenue guidance increased to $315-$325 million with adjusted EBITDA projected at $95-$105 million. Secure Communications revenues were $60.9 million, up 1.7% year over year but down from $73.6 million in the prior quarter, as dollar-based net retention slipped to 91% from 92% sequentially and adjusted EBITDA declined 17.5% year over year to $8 million. BlackBerry trades at 8.0X trailing 12-month EV/Sales against a five-year median of 3.8X, and carries a Zacks Rank #3 (Hold).
Microsoft Corporation
NVIDIA CorporationBlackBerry LtdQ2 FY2027 revenue rose 26% to $163.3M, adjusted EBITDA climbed 81%, and management raised FY2027 revenue/EBITDA/cash-flow guidance.
