BlackBerry Reports Strong Q1 FY2026 Results Surpassing Guidance

BlackBerry Limited, headquartered in Waterloo, Ontario, exceeded its revenue and profitability guidance for the first quarter of fiscal year 2026, ending May 31, 2025. The company achieved total revenue of $121.7 million, surpassing projections with strong performances from its QNX and Secure Communications divisions.

The QNX division recorded $57.5 million in revenue, reflecting an 8% year-over-year growth with a robust gross margin of 81%. Meanwhile, Secure Communications revenues reached $59.5 million, accompanied by a sequential gross margin increase of 6 percentage points to 70%.

BlackBerry also achieved GAAP profitability for the first time since Q4 FY22, with a net income of $1.9 million and a non-GAAP net income of $12.3 million. Moreover, the company returned $10 million to shareholders through a share buyback program.

Looking ahead, the company forecasts its full fiscal year 2026 revenue to range between $508 million and $538 million, maintaining a positive outlook.