Core Insights - BlackBerry Limited reported a non-GAAP EPS of 4 cents for Q2 fiscal 2026, exceeding its breakeven estimate and last year's breakeven result [1][9] - Total revenues reached $129.6 million, surpassing guidance and reflecting a 3% year-over-year increase, driven by strong performance in the QNX and Secure Communications divisions [2][9] Financial Performance - QNX revenues totaled $63.1 million, exceeding guidance and showing a 15.4% year-over-year growth [5] - Secure Communications revenues declined 9.9% year over year to $59.9 million but beat guidance due to reduced customer churn [6][7] - Licensing revenues increased to $6.6 million from $5 million in the previous year, surpassing guidance [10] Margin and EBITDA - Adjusted gross margin improved to 75% from 70.7% year over year, with QNX maintaining a gross margin of 83% [11] - Adjusted EBITDA for the quarter was $25.9 million, up from $15.1 million in the prior year, with QNX and Secure Communications both exceeding expectations [12] Cash Flow and Liquidity - The company generated $3.4 million in net cash from operating activities, a significant improvement from cash used in the prior year [13] - As of August 31, BlackBerry had $290.5 million in cash and investments, down from $381.9 million, and returned $20 million to shareholders through buybacks [14] Future Guidance - For Q3 fiscal 2026, BlackBerry anticipates revenues between $132 million and $140 million, with adjusted EBITDA projected at $13 million to $17 million for QNX and $12 million to $16 million for Secure Communications [15][16]