Key facts
- BlackBerry increased its full-year 2027 revenue forecast to $594 million-$621 million.
- The QNX division, serving the automotive sector, saw first-quarter revenue surge 26% to $72.3 million.
- Secure communications revenue grew 24% to $73.6 million in the first quarter.
- Total first-quarter revenue reached $152.9 million, a 26% increase year-over-year.
- BlackBerry's shares rose approximately 8% in premarket trading following the announcement.
BlackBerry has raised its annual revenue forecast for fiscal year 2027, projecting between $594 million and $621 million, an increase from its previous guidance. This upward revision is driven by sustained momentum in its QNX division, which provides secure real-time operating systems for embedded systems, particularly in the automotive sector.
In the first quarter ending May 31, BlackBerry's QNX division reported a revenue surge of nearly 26 percent to $72.3 million. The company noted that customers are increasingly adopting its platform for next-generation software-defined vehicles. The QNX division also holds a backlog of almost $1 billion in future royalties.
The secure communications division, encompassing encrypted voice, messaging, and critical event management solutions, also saw significant growth, with revenue rising 24 percent to $73.6 million. A substantial portion of this business is with government clients.
Overall, BlackBerry posted total revenue of $152.9 million for the first quarter, marking a 26 percent increase compared to the same period last year. Following the announcement, BlackBerry's U.S.-listed shares climbed approximately eight percent in premarket trading, signaling investor confidence in the company's turnaround efforts and strategic shift from its smartphone past to software and connected devices.