BlackBerry Limited (BB.US) Fiscal Year 2026 Second Quarter Earnings Conference Call
Live time: Sep 25, 2025 07:00
BlackBerry Limited (BB.US) Fiscal Year 2026 Second Quarter Earnings Conference Call
Live time: 09/25/2025 07:00:00
黑莓 (BB.US) 2026 财年第二季度业绩电话会
Summary
00:03
Opening Remarks by Michael
Michael, the host, welcomes participants to BlackBerry's FY2026 Q2 earnings call, noting the call is in listen-only mode and will include a Q&A session at the end. The call is being recorded for replay.
00:43
Investor Relations Overview by Martha Gonder
Martha Gonder, Director of Investor Relations, introduces the call, mentioning the presence of CEO John Giamatayo and CFO Tim Foote. She provides cautionary statements about forward-looking statements and non-GAAP measures.
02:43
CEO John Giamatayo Q2 Business Update
CEO John Giamatayo reports a strong Q2 for BlackBerry, with revenue of $129.6M, a 3% increase, and a positive GAAP net income of $13.3M. The QNX division exceeded expectations with 15% revenue growth and a 32% adjusted EBITDA margin.
05:07
QNX Division Highlights by CEO John Giamatayo
John highlights QNX's achievements, including a major design win in China for ADAS applications and collaborations with BMW and Qualcomm on the Snapdragon Ride Pilot platform.
09:59
Security Communications Performance by CEO John Giamatayo
John discusses the Security Communications division's strong performance, with revenue of $59.9M and a 16% adjusted EBITDA margin, driven by reduced UEM customer churn and new contracts.
14:58
CFO Tim Foote Financial Overview
CFO Tim Foote details financial results, noting revenue exceeded guidance at €1.296B, with a 75% adjusted gross margin. Adjusted EBITDA grew 72% to €25.9M, and the company achieved positive operating cash flow.
20:59
CFO Tim Foote Financial Outlook
Tim Foote raises full-year revenue and adjusted EBITDA guidance for QNX and Security Communications, citing strong performance and reduced uncertainty in tariffs and government policies.
26:11
CEO John Giamatayo Closing Summary
John summarizes BlackBerry's strong Q2 performance, highlighting revenue growth, margin expansion, and positive cash flow. He notes QNX's 15% revenue growth and 32% adjusted EBITDA margin.
27:48
QNX Operational Leverage — Analyst: Luke Yunck (Baird)
CFO Tim Foote discusses QNX's operational leverage, highlighting strong gross margins and investment in R&D and sales to drive growth.
30:07
China Market Strategy — Analyst: Luke Yunck (Baird)
CEO John Giamatayo explains BlackBerry's strategy in China, focusing on safety-critical software and high-performance capabilities, which align with market demands.
32:18
QNX Growth Drivers — Analyst: Paul Treiber (RBC Capital Markets)
CEO John Giamatayo outlines QNX's growth drivers, including backend-loaded revenue trends and increasing royalty income as projects come online.
36:22
QNX Backlog and Growth Sustainability — Analyst: Todd Couplin (CIBC)
CEO John Giamatayo discusses QNX's backlog and growth sustainability, expressing optimism about future opportunities and project pipelines.
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