BlackBerry Q2 Profit, Raises Guidance; Stock Rallies

BlackBerry reported fiscal Q2 revenue of $129.6 million and returned to profitability with GAAP net income of $0.02 per share and non‑GAAP EPS of $0.04, beating guidance and consensus. The QNX segment led growth with $63.1 million in revenue (about 15% year‑over‑year), aided by product launches and partnerships including the NVIDIA DRIVE AGX Thor kit and QNX OS for Safety 8, while Secure Communications showed operational improvement despite a year‑over‑year revenue decline. Management raised full‑year revenue guidance to $519 million–$541 million and adjusted EPS to $0.11–$0.15 (from $0.08–$0.10), and set Q3 guidance of $0.02–$0.04 EPS with sales of $132 million–$140 million. The company returned $20 million to shareholders through a share buyback program. BlackBerry’s Form 10‑Q highlighted improved margins, higher operating income, and updated segment, regional, and adjusted EBITDA expectations. Analysts raised price targets (e.g., Baird to $5.50 and RBC to $4.50) and the stock rallied roughly 9% on the results.