BB Reports Q1

BlackBerry (NYSE: BB ) released first-quarter financial results and hosted an earnings call on Thursday.

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The full earnings call is available at Summary BlackBerry reported strong financial performance in Q1 of fiscal 2027, with total revenue of $153 million, exceeding guidance, and a 26% year-over-year growth.

The company highlighted robust performance in its QNX and Secure Communications businesses, both achieving 'rule of 40' performance, indicating a combination of healthy growth and strong profitability.

Notable strategic initiatives include the continued expansion into software-defined vehicles and physical AI, as well as securing significant government contracts in Secure Communications.

Future outlook is positive with raised revenue and EBITDA guidance for QNX and licensing segments, with expectations of strong operating leverage and cash generation.

Management emphasizes long-term shareholder value creation, with ongoing focus on expanding QNX adoption and exploring new opportunities in GEM and Alloy Core.

Full Transcript OPERATOR Good morning and welcome to the BlackBerry first quarter fiscal year 2027 results conference call.

My name is Betsy and I will be your conference moderator for today's call.

During the presentation, all participants will be in a listen-only mode.

We will be facilitating a brief question and answer session towards the end of the conference.

Should you need assistance during the call, please signal a conference specialist by pressing 0.

As a reminder, this conference is being recorded for replay purposes.

I would now like to turn today's call over to Suzanne Spira, Senior Director of Investor Relations, BlackBerry.

Please go ahead.

Suzanne Spira, Senior Director of Investor Relations Thank you, Betsy.

Good morning, everyone, and welcome to BlackBerry's fiscal first quarter 2027 earnings conference call.

Joining me on today's call is BlackBerry's Chief Executive Officer John Giamatteo and Chief Financial Officer Tim Foote.

After I read our cautionary note regarding forward-looking statements, John will provide a business update and Tim will review the financial results.

We will then open the call for a brief Q and A session.

This call is available to the general public via call-in numbers and via webcast in the Investor information section at BlackBerry.com.

As part of today's webcast presentation, slides will be displayed.

The slides are also available on the Investor information section at BlackBerry.com, as will the replay of today's call.

Some of the statements we'll be making today constitute forward-looking statements and are made pursuant to the safe harbor provisions of applicable U.S. and Canadian securities laws.

We'll indicate forward-looking statements by using words such as expectations, will, should, model, intend, believe, and similar expressions.

Forward-looking statements are based on estimates and assumptions made by the Company in light of its experience and its perception of historical trends, current conditions, and expected future developments, as well as other factors that the Company believes are relevant.

Many factors could cause the Company's actual results or performance to differ materially from those expressed or implied by the forward-looking statements.

These factors include the risk factors that are discussed in the Company's annual filings and MD and A.

You should not place undue reliance on the Company's forward-looking statements by law.

As is customary during the call, John and Tim will reference certain non-GAAP numbers in their summary of our quarterly results.

For a reconciliation between our GAAP and non-GAAP numbers, please see the earnings press release published earlier today, which is available on the Edgar, Cedar+ and BlackBerry.com websites.

And with that, let me now turn the call over to John.

Mattias Eriksson, President, BlackBerry QNX Thanks, Suzanne, and good morning, and thank everyone for joining today's call.

We're excited to report a strong start to the fiscal year.