0001070235-26-000112
SEC filingBlackBerry Q2 FY27营收增26%至$163.3M、调整后EBITDA增81%，QNX创纪录并上调全年指引。
| 指标 | 本期 | 去年同期 | 同比 |
|---|---|---|---|
| Revenue | $163.3M | $129.6M | +26% |
| Gross Margin | 77.8% | 74.5% | +3 pct |
| Adjusted Gross Margin | 78.2% | 75.0% | +3 pct |
| Operating Income | $33.6M | $11.5M | +192% |
| Adjusted EBITDA | $47.0M | $25.9M | +81% |
| Net Income | $33.9M | $13.3M | — |
| Adjusted Net Income | $43.2M | $24.2M | +79% |
| Basic EPS | $0.06 | $0.02 | — |
| Diluted EPS | $0.05 | $0.02 | — |
| Adjusted Basic EPS | $0.07 | $0.04 | — |
| Operating Cash Flow | $29.3M | $3.4M | — |
| Free Cash Flow | $28.1M | $2.6M | — |
| 期间 | 指标 | 指引 | 口径 |
|---|---|---|---|
| Q3 FY27 | Total BlackBerry revenue | $143 - $154 million | N/A |
| Q3 FY27 | QNX revenue | $82 - $88 million | N/A |
| Q3 FY27 | Secure Communications revenue | $55 - $60 million | N/A |
| Q3 FY27 | Licensing revenue | Approximately $6 million | N/A |
| Q3 FY27 | Total Company adjusted EBITDA | $28 - $37 million | Non-GAAP |
| Q3 FY27 | QNX segment adjusted EBITDA | $27 - $32 million | Non-GAAP |
| Q3 FY27 | Secure Communications segment adjusted EBITDA | $6 - $10 million | Non-GAAP |
| Q3 FY27 | Licensing segment adjusted EBITDA | Approximately $5 million | Non-GAAP |
| Q3 FY27 | Adjusted basic EPS | $0.04 - $0.05 | Non-GAAP |
| Q3 FY27 | Operating cash flow | $20 - $30 million | N/A |
| FY27 | Total BlackBerry revenue | $616 - $636 million | N/A |
| FY27 | QNX revenue | $315 - $325 million | N/A |
| FY27 | Secure Communications revenue | $260 - $270 million | N/A |
| FY27 | Licensing revenue | Approximately $41 million | N/A |
| FY27 | Total Company adjusted EBITDA | $141 - $158 million | Non-GAAP |
| FY27 | QNX segment adjusted EBITDA | $95 - $105 million | Non-GAAP |
| FY27 | Secure Communications segment adjusted EBITDA | $50 - $58 million | Non-GAAP |
| FY27 | Licensing segment adjusted EBITDA | Approximately $36 million | Non-GAAP |
| FY27 | Adjusted basic EPS | $0.19 - $0.22 | Non-GAAP |
| FY27 | Operating cash flow | Approximately $115 million | N/A |
本季增长核心来自 QNX：营收同比增27%至$80.3M，分部调整后EBITDA增41%至$29.0M（36%利润率），并拿下QNX史上最大设计中标——Coretura（Volvo Group与Daimler Truck合资）选用Alloy Kore，为royalty backlog增加逾$100M。Secure Communications营收增2%至$60.9M，但调整后毛利率降5个百分点至61%、调整后EBITDA降18%至$8.0M，ARR稳定于$221M、DBNRR为91%，属稳定但承压的现金贡献板块；Licensing营收$22.1M、调整后EBITDA $20.0M。
利润率与现金流同步改善：调整后毛利率78.2%（+3pct），调整后EBITDA $47.0M（+81%），GAAP经营利润$33.6M（+192%），连续第二个季度达成Rule of 40；经营现金流$29.3M、自由现金流$28.1M，期末现金及投资$447.1M。管理层（CEO John J. Giamatteo）强调“profitable growth model is working”，并称将投资于增长机会、依托资产负债表创造长期价值。公司据此上调FY27营收至$616–$636M、调整后EBITDA至$141–$158M，Q3指引营收$143–$154M、调整后EPS $0.04–$0.05；需注意指引未含潜在回购影响，且未提供调整后指标与GAAP的对账。