BlackBerry Lifts Annual Forecast on Record QNX Revenue
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BlackBerry raised its fiscal 2027 revenue forecast to between $616 million and $636 million following a stronger-than-expected second-quarter earnings report. Total Q2 revenue reached $163.3 million, outperforming LSEG analyst consensus estimates of $145.6 million. The upbeat outlook was driven by a record quarter for the QNX automotive software division, which generated $80.3 million in revenue, marking a 27% year-over-year increase. The growth was further bolstered by a landmark contract with Coretura, a joint venture between Daimler Truck and Volvo Group, adding over $100 million in projected future royalties to BlackBerry's backlog. While the $100 million figure represents future variable royalties rather than immediate cash booked today, the milestone highlights BlackBerry's ongoing corporate transition from consumer mobile hardware to embedded mission-critical automotive software. Management also issued a third-quarter revenue projection ranging from $143 million to $154 million as deployment expands across major global automakers.
More context
Timeline
- September 2026 — BlackBerry maintained a prior full-year fiscal 2027 revenue guidance range between $594 million and $621 million.
- September 2026 — Coretura, a joint venture between Daimler Truck and Volvo Group, selected BlackBerry's QNX platform, adding over $100 million in projected future royalties to the backlog.
- On September 24 2026 BlackBerry published its Q2 fiscal 2027 financial report, posting total revenue of $163.3 million and record QNX division revenue of $80.3 million.
- On September 24 2026 BlackBerry raised its fiscal 2027 annual revenue forecast to a range of $616 million to $636 million.
Why it matters
Immediate US impact: U.S. automotive manufacturers and commercial vehicle operators integrating QNX systems benefit from continued platform expansion and enterprise software support. Possible long-term US impact: Growing adoption in software-defined vehicles positions BlackBerry as a key technological backbone for future North American commercial transport systems. Most affected groups: BlackBerry shareholders, enterprise software investors, automotive engineers, and partner OEMs. Reader priority: Medium
Coverage notes
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Primary report
BlackBerry Reports Second Quarter Fiscal 2027 Results
Sources
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