BlackBerry Reports Q3 Earnings: Key Details From The Print

Core Viewpoint - BlackBerry Ltd reported better-than-expected financial results for Q3 of fiscal 2026, with revenue and adjusted earnings surpassing analyst estimates, while also raising its full-year revenue and earnings guidance [2][5]. Financial Performance - BlackBerry reported third-quarter revenue of $141.8 million, exceeding analyst estimates of $137.4 million [2]. - The company achieved adjusted earnings of 5 cents per share, beating estimates of 4 cents per share [2]. - Total revenue decreased by approximately 1% year-over-year, although QNX revenue grew by 10% during the quarter [2]. Cash Position - At the end of the quarter, BlackBerry had $378 million in cash, cash equivalents, and short- and long-term investments [3]. Management Commentary - CEO John Giamatteo highlighted that the revenue exceeded the top end of the previously provided guidance range, contributing to the strongest quarter of GAAP profitability in nearly four years, along with increased operating cash flow [3]. Future Outlook - For the fourth quarter, BlackBerry expects revenue between $138 million and $148 million, compared to estimates of $143.39 million [4]. - The company anticipates fourth-quarter adjusted earnings of 3 to 5 cents per share, aligning with estimates of 4 cents per share [4]. Guidance Update - BlackBerry raised its fiscal 2026 revenue guidance to a range of $531 million to $541 million, compared to estimates of $531.94 million [5]. - The full-year adjusted earnings guidance was also raised to a range of 14 to 16 cents per share, versus estimates of 14 cents per share [5]. Revenue Breakdown - Revenue by category included QNX at $68.7 million, Secure Communications at $67 million, and Licensing at $6.1 million [6].