BlackBerry Wins First Alloy Kore Deal, Adding Over $100 Million to QNX Backlog

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Summary · why it matters

BlackBerry Limited has secured its first Alloy Kore design win, the largest in QNX history, after Coretura selected the platform for its next-generation high-performance compute architecture. Coretura is the commercial-vehicle software joint venture between Volvo Group and Daimler Truck, and the planned deployment spans multiple software domains. The award is expected to add more than $100 million in future royalties to QNX, whose royalty backlog stood at approximately $950 million at the end of fiscal 2026. Management said the Alloy Kore average selling price per instance in the Coretura win is roughly three times the customer's current QNX operating-system deployment, though it does not expect the deal to materially change BlackBerry's fiscal 2027 revenue profile because most royalties will be realized after vehicles enter production. BlackBerry said it is pursuing additional Alloy Kore opportunities with global automakers and major Tier 1 suppliers, particularly in Europe and Asia.

Impact on assets 5

Electrification & Mobility▲
Information Technology▲
BlackBerry Ltd
BB
▲ PositiveDemandrelevance

Coretura selected BlackBerry's Alloy Kore platform for its next-gen compute architecture, adding over $100 million in future QNX royalties.

Artificial Intelligence▲
Semiconductors▲

Off-coverage companies 1

Coreturai
Private± Mixedrelevance