Financial Data and Key Metrics Changes - Total company revenue for Q3 was $141.8 million, exceeding the high end of guidance [5][16] - Adjusted EBITDA was $28.7 million, representing a 20% margin, with GAAP net income improving to $13.7 million, up $24.2 million year over year [5][17] - Operating cash flow was $17.9 million, up over 200% year over year, reflecting strong execution and disciplined cost management [5][19] Business Line Data and Key Metrics Changes - QNX achieved record quarterly revenue of $68.7 million, a 10% year-over-year growth, driven by royalties and professional services [6][17] - Secure communications revenue was $67 million, exceeding guidance, with annual recurring revenue increasing to $216 million [10][11] - Licensing revenue was $6.1 million, in line with expectations, and adjusted EBITDA for the division was $5.3 million [14][18] Market Data and Key Metrics Changes - QNX is now powering over 275 million vehicles on the road, a 20 million increase year over year, indicating significant market presence [9] - The secure communications division demonstrated a dollar-based net retention rate of 92%, indicating strong customer retention [11] Company Strategy and Development Direction - The company is focusing on expanding its QNX business into automotive and general embedded markets, with strategic investments in go-to-market activities and partnerships [6][30] - The introduction of the QNX General Embedded Development Platform (GEDP) aims to accelerate time to market for developers, with positive feedback from customers [10] - The company is also targeting higher pricing per vehicle through a vehicle software platform co-developed with Vector, indicating a shift towards higher-value offerings [8][58] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory of QNX, expecting revenue for Q4 to be in the range of $71-$77 million, setting another record [21][22] - The secure communications division is expected to see increased revenue in Q4, with guidance raised for the full fiscal year [22][23] - Management highlighted the importance of mission-critical software solutions during the U.S. government shutdown, indicating resilience in the business model [49] Other Important Information - The company repurchased $5 million worth of shares, totaling 8.8 million shares bought back this fiscal year, to offset potential dilution [20] - The company expects to generate over $80 million in cash in Q4, further strengthening its balance sheet [25] Q&A Session Summary Question: Investment needs in GEM opportunity for fiscal 2027 - Management indicated that investments will focus on go-to-market activities and partnerships to gain critical mass in key end markets [30] Question: Factors leading to luxury China EV win - Cost savings, weight savings, and superior software functionality were highlighted as key factors in winning the deal [32] Question: Progress towards vehicle platform award - Management noted significant focus on integrating QNX and middleware, with more updates expected at CES [34] Question: Trends in QNX growth rates - Management expressed optimism about double-digit growth and strong backlog conversion into revenue [40][42] Question: Future of Secusmart business - Management acknowledged a strong pipeline within Secure Communications and expressed confidence in converting it into solid performance [44][45] Question: Government shutdown impact - Management noted that mission-critical software solutions were less impacted by the shutdown than initially feared [49] Question: Robotics technology demand - Management indicated that QNX technology is well-suited for high-performance robotics applications, with more details to be shared in the future [51]

Overview of BlackBerry - BlackBerry has undergone a significant transformation over the past two years, focusing on two main autonomous divisions: QNX, which is centered around embedded software, and secure communications, which emphasizes cybersecurity and mission-critical communications [1][2] Division Focus - The company has narrowed its cybersecurity portfolio to concentrate on its heritage in secure communications, particularly in collaboration with governments [2] - BlackBerry has developed a substantial intellectual property (IP) portfolio over its 40-year history, which serves as a key driver of revenue, profit, and overall value for the company [2]

Overview of AMD Embedded Development Framework (EDF) - AMD EDF is a methodology for developing and distributing embedded software components for AMD adaptive SoC and FPGA products [2] - EDF is based on open-source tools, including a Yocto Project-based build environment, offering a full software stack from Linux and boot firmware to RTOS and hypervisor support [3] - AMD provides pre-configured system images for evaluation, supporting advanced and multistage boot flows [4] - EDF aims to shorten the development cycle from evaluation to deployment with prebuilt images and automated flows [5] Key Features and Capabilities - Supports platform-level development and embedded software solutions [2] - Offers decoupled software and hardware environments for product development and maintenance [4] - Supports single and multistage boot options, accommodating various boot devices and configurations [9] - Multistage boot initializes hardware in two steps: primary boot via OSPI and secondary boot via SD card [10][11] Getting Started and Evaluation - Requires an AMD Versal evaluation kit and the corresponding AMD EDF Linux BSP Disk Image [6] - The demo uses the Versal AI Edge Series Gen 2 VEK385 evaluation board, supporting multistage boot via OSPI and SD card [7] - The BEAM (Board Evaluation and Management) tool, a web-based GUI, allows monitoring and modifying board parameters [18] Practical Implementation - The process involves connecting to the system controller, programming the OSPI flash with a bootloader, and booting EDF Linux from an SD card [2] - Includes loading a prebuilt PL firmware application and testing it on the development board using a Python script [2][8] - The default boot architecture for VEK385 boards is multistage boot [9]

Overview of AMD Embedded Development Framework (EDF) - AMD Embedded Development Framework (EDF) provides a fast path to develop and distribute embedded software components for AMD adaptive SoC and FPGA products [2] - EDF is based on non-proprietary and open-source tools, including a Yocto Project-based build environment, offering a full software stack from Linux and boot firmware to RTOS, hypervisor, bare-metal support, and reference designs [3] - AMD provides pre-configured, feature-rich system images for turnkey evaluation, supporting advanced flows as well as single and multistage boot flows [4] - EDF shortens the journey from evaluation to deployment with prebuilt images, automated flows, and role-based development paths [5] Hardware and Software Setup - The demonstration uses the Versal AI Edge Series Gen 2 VEK385 evaluation board, supporting multistage boot via OSPI and an SD card [7] - The default boot architecture for AMD Versal AI Edge and Prime Series Gen 2 boards (VEK385) is multistage boot [9] - The first stage of multistage boot loads the boot firmware and PLM via OSPI, while the second stage loads the Linux operating system using the SD card [10][11] - The board provides 3 COM ports: one for the processor system (PS), one for the programmable logic (PL), and one for the system controller [15] Demonstration and Testing - The Board Evaluation and Management (BEAM) tool, a web-based GUI, allows monitoring and modifying board parameters and running board tests [18] - The demonstration includes flashing the OSPI boot image and the SD card with the EDF Linux BSP Disk Image [20][21] - The prebuilt image contains an example PL firmware application accessed via the dfx-mgr-client command [23] - A Python script is used to interact with the PL, verifying that the PS and PL were both loaded successfully by reading and writing to block RAM addresses and blinking GPIO LEDs [26]