BlackBerry (TSX: BB) said its turnaround is complete after posting a stronger-than-expected fiscal Q4 2026, forecasting Q1 revenue above estimates, and showing accelerating momentum in the software businesses that now define the company.
Quarterly revenue came in at $156.0 million, up 10% year over year, while Q1 revenue is projected at $132 million to $140 million, ahead of the $129.9 million analyst consensus.
Full-year fiscal 2026, revenue came in at $549.1 million, up 3% year over year, returning the company to top-line growth for the full year.
The company also described this as its eighth consecutive quarter of improving profitability, with the quarter ending at a net income of $24.3 million compared with a $7.4 million loss a year earlier. Full-year also saw a swing from a net loss of $79.0 million to a gain of $53.2 million.
The clearest growth engine was QNX, BlackBerry’s embedded-software unit for connected vehicles and other mission-critical systems. QNX revenue rose 20% to a record $78.7 million in the quarter, while royalty backlog reached about $950 million.
BlackBerry said QNX is now expanding beyond automotive into robotics and medical applications. Reuters reported CFO Tim Foote said BlackBerry plans to invest further in QNX and is also considering acquisitions and share buybacks.
The secure communications business also contributed $72.5 million in revenue, helped by demand from government and regulated customers. Management argued that both major businesses are benefiting from the same structural advantage, namely that BlackBerry’s products sit inside security-sensitive and regulated environments where replacement cycles are slower and customer tolerance for failure is low.
“We are no longer a company in transition,” CEO John Giamatteo said in the earnings call. “We are a growth company with a proven track record of execution.”
Fiscal 2027 guidance reinforces that claim. BlackBerry expects annual revenue of $584 million to $611 million and adjusted earnings per share of $0.15 to $0.19.
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