BlackBerry Ltd

BlackBerry QNX and neueHCT said a major German automaker has selected neueHCT's HCT Luna High-Performance Smart Camera Solution for a global passenger vehicle platform that will launch in China. The program will cover vehicles sold in China, Australia, New Zealand, Japan, and South Korea, with production expected to start in 2027 and projected volumes of several million units over the first three years. According to the companies, the deal is the first major global program for the HCT Luna solution using QNX. The solution is built on Horizon Robotics' Journey 6B automotive computing platform and runs on QNX OS for Safety 8.0. The smart camera system supports features such as automatic emergency braking, lane departure warning, and traffic light recognition, and is designed to handle situations including vehicle cut-ins, sharp curves, construction areas, and roads where lane markings are limited or absent. QNX said its software provides real-time performance and fault isolation and is certified to ISO 26262 ASIL D.

BlackBerry Limited reported second-quarter fiscal 2027 earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.04 per share, sending its shares up 4.2%. Darden Restaurants posted first-quarter fiscal 2027 earnings of $2.05 per share, missing the Zacks Consensus Estimate of $2.06 per share, and its shares fell 3%. MGM Resorts International shares plummeted 11% after Barry Diller's People Incorporated withdrew its takeover bid for the casino chain. Knife River Corporation shares gained 1.9% on reports that activist investor Starboard Value had acquired a significant equity stake in the company.

Barry Diller's People withdrew its proposal to buy MGM Resorts International, sending the casino giant's shares down more than 9% in premarket trading. Diller said, "We didn't feel the mix was coming together in the way we had hoped," but expressed his faith in the company, in which he still holds 66.8 million shares. Darden Restaurants shed 6.6% after its fiscal first-quarter earnings of $2.05 per share came in line with estimates, while revenue of $3.20 billion fell just shy of the $3.21 billion expected from analysts polled by FactSet; the company also reaffirmed its full-year guidance. BlackBerry added 2% after reporting adjusted earnings of 7 cents per share, topping the 4 cents expected, on revenue of $163.3 million versus the $142.5 million consensus estimate. Meta slipped 2% following its nearly 12% move higher so far this week on optimism around its Muse AI agent, after CEO Mark Zuckerberg introduced the company's $1,299 Meta VR Glasses and Muse Charm, its handheld device that works with Muse, late Wednesday. Knife River rose 5% following a Wall Street Journal report that activist investor Starboard Value has acquired a substantial equity interest in the construction materials and contracting services company, reportedly pushing for improved margins or a potential sale, while Everpure moved 6.7% higher on positive takeaways from its financial analyst meeting and preliminary 2028 guidance of $7 billion to $7.3 billion in revenue, topping the $6.19 billion anticipated from analysts polled by FactSet.

BlackBerry shares jumped 7% to $9.13 in Tuesday morning trading after Vector and QNX, a division of BlackBerry, announced that Coretura selected Alloy Kore as the safety-certified foundation inside its software-defined vehicle platform for commercial vehicles. Coretura is the SDV platform company founded by Daimler Truck and Volvo Group and headquartered in Gothenburg, Sweden, and it chose Alloy Kore through the Vector Distribution, a ready-to-use implementation of the platform; this is the first named design win BlackBerry has secured for the product. The announcement disclosed no contract value, no revenue split and no timetable for revenue recognition, leaving the revenue contribution to QNX unproven. The read-across into automotive-software peers was thin, with Aptiv at $44.19, up 1%, and Mobileye at $8.01, up 0.3%, confirming the market is pricing a BlackBerry-specific win rather than a sector re-rating. BlackBerry reports quarterly results before the market opens on September 24, with RBC Capital maintaining a Sector Perform rating and a $9 price target, and BlackBerry stock is up 141% year to date.

Coretura, the software-defined vehicle platform company founded by Daimler Truck and Volvo Group, has selected Alloy Kore, the foundational software layer jointly developed by Vector and QNX, a division of BlackBerry Limited, to accelerate its next-generation software-defined commercial vehicle platform. The selection marks the first design win for Alloy Kore and positions it as the safety-certified software platform foundation within Coretura's SDV platform architecture, targeted at high-performance compute in the commercial vehicle environment. Coretura selected Alloy Kore through the Vector Distribution, a ready-to-use implementation that combines the automotive OS foundation with Vector's middleware, communication, and integration capabilities for deployment in high-performance computing environments. Johan Lundén, CEO of Coretura, said selecting Alloy Kore is a deliberate step toward building one foundation the industry can rely on, while John Wall, President of QNX, called it a significant step for software-defined commercial vehicles and Dr. Matthias Traub, President and Managing Director of Vector, said the milestone advances the industry as a whole. Coretura is headquartered in Gothenburg, Sweden, and brings together over 130 engineers from more than 15 countries.

Jim Cramer told a Mad Money caller on September 17 that he would buy BlackBerry Limited, saying he was surprised the stock came back down amid broad selling in good stocks. The endorsement came as BlackBerry reported first-quarter fiscal 2027 results with its QNX segment generating $72 million in revenue, a 26% increase from the same period a year earlier, supported by a QNX royalty backlog near $1 billion. The company trades at a forward price-to-earnings ratio of approximately 44.84x with a market capitalization of $4.7 billion. According to Insider Monkey data tracking over 1,000 hedge funds, 31 hedge funds held positions in the company during the second quarter, up from 19 in the prior quarter, while short interest stands at 6.19% of the public float. BlackBerry still faces competitive pressure as automakers and tech giants explore open-source alternatives or proprietary Linux builds, and the multi-year lag between design wins and production royalties leaves near-term earnings exposed to vehicle production delays.

Sift, the data infrastructure platform for mission-critical hardware, announced a partnership with QNX, a division of BlackBerry Limited, to deliver near real-time observability for embedded systems. Engineers can now stream live telemetry from QNX-powered systems directly into Sift and query that data within one second of it leaving the device, without any changes to the software running on the device itself. The integration works by having Sift subscribe to telemetry streams already broadcast on the QNX OS, including MQTT, with other protocols supported through custom ingestion paths; live streaming runs from a device on QNX OS 8.0 through its existing MQTT broker into Sift, where each message is queryable using standard SQL within one second. QNX technology is embedded in more than 275 million vehicles worldwide and is trusted by OEMs and Tier 1s including BMW, Bosch, Continental, Geely, Honda, Hyundai, Mercedes-Benz, Toyota, Volkswagen and Volvo, and is increasingly serving as the software foundation for Physical AI in robotics, industrial automation and medical devices. Sift is available today for teams working with QNX.

BlackBerry Limited is repositioning its BlackBerry Radar business as an Asset Intelligence Platform for Transportation, aiming to turn equipment data into actionable decisions rather than basic GPS tracking. Radar collects field data through purpose-built monitoring hardware and sends it to BlackBerry's cloud platform, where operators use it for decisions on location, activity, condition, inspections and maintenance. The clearest proof point is BlackBerry's partnership with DCLI, which in 2025 announced plans to deploy BlackBerry Radar across 100,000 DCL53 domestic 53-foot chassis, with GPS installation across the entire DCL53 fleet expected to be complete by the end of 2026. DCLI expects Radar data to potentially reduce inspection lead times even further as deployment expands, and BlackBerry sees a fleet of this size as a demonstration of the platform's capabilities to other fleet operators. Macroeconomic uncertainty, particularly in the automotive sector, is weighing on customer buying decisions, with some OEMs delaying projects due to supply chain concerns and tariff-related disruptions.

BlackBerry has enhanced its AtHoc critical event response platform by deepening integrations with Microsoft Teams and Microsoft Entra ID, embedding emergency communications into tools employees already use. The move highlights BlackBerry's push to make its secure communications and incident response capabilities more central to everyday enterprise workflows, potentially reinforcing its role in high-stakes security settings. The integration supports the near-term catalyst around Secure Communications adoption but does not change the central risk that execution missteps or slower demand in core government and enterprise markets could pressure margins and sentiment. BlackBerry recently reported first-quarter fiscal 2027 revenue of US$152.9 million and net income of US$8.5 million, ahead of the prior year, and reaffirmed full-year revenue guidance of US$584 million to US$611 million. The company's narrative projects US$762.3 million in revenue and US$139.7 million in earnings by 2029, requiring 9.5% yearly revenue growth and about an US$80 million earnings increase from US$59.8 million today.

BlackBerry has reinvented itself as a physical AI company, with its QNX software now powering more than 275 million vehicles and driving meaningful revenue growth. The company reported 26% year-over-year revenue growth in its fiscal 2027 first quarter and achieved its first fiscal quarter of positive operating cash flow in nine years, excluding a patent sale in fiscal 2024. A partnership with Nvidia integrates QNX with Nvidia IGX Thor and the Nvidia Halos Safety Stack, targeting robotics, medical, and industrial systems, including the humanoid robot market expected to reach $165 billion by 2034. BlackBerry's QNX backlog has more than doubled from $460 million at the end of fiscal 2022 to $940 million at the end of fiscal 2026, and the company guides for $607.5 million in fiscal 2027 revenue, with about half from QNX.

BlackBerry enhanced its AtHoc platform on June 30 to improve crisis readiness against escalating cyber, climate, and geopolitical threats. The update integrates directly into existing systems like Microsoft Teams and Entra ID, allowing organizations to coordinate responses within familiar workflows and eliminating the need to switch tools during emergencies. User records remain automatically synced for instant reach during critical events, while new features enable real-time situational input through alert comments and improved mapping and dispatch controls for precise communications across large populations. The release moves organizations away from outdated coordination methods like spreadsheets and email threads, providing a unified, scalable solution to maintain business continuity.

BlackBerry shares jumped roughly 22% after the company reported fiscal first-quarter revenue of $153 million that exceeded its own guidance, driven by growth in QNX and Secure Communications, and raised its full-year outlook. Adjusted EBITDA more than doubled year over year, and the company generated about $5 million in operating cash flow, marking its first positive fiscal first-quarter operating cash flow in nearly a decade excluding patent sales. Management now expects full-year revenue of $594 million to $621 million and adjusted EBITDA of $119 million to $139 million, with roughly 90% of incremental revenue flowing through to adjusted EBITDA. The company also highlighted an expanding partnership with NVIDIA centered on Physical AI and safety-critical software, and it repurchased 2.6 million shares for approximately $10 million while authorizing up to 27 million additional shares under its buyback program. Despite the strong quarter, risks remain, including long automotive production cycles, geopolitical uncertainties in China, and intense competition from Linux-based and Android Automotive platforms.

BlackBerry's QNX and Secure Communications businesses are driving strong momentum, with QNX development license revenue reaching its highest level in eight quarters and Secure Communications revenue exceeding guidance in the first quarter of fiscal 2027. QNX continues to benefit from trends in software-defined vehicles and Physical AI, while its General Embedded Markets segment extends opportunities into robotics, industrial automation, and medical devices. Secure Communications saw annual recurring revenue grow year over year, supported by a multiyear extension of its agreement with Shared Services Canada and new wins across government and defense sectors. BlackBerry shares have surged 27.8% in the past month, and the company currently holds a Zacks Rank #2 (Buy).

BlackBerry CEO John Giamatteo outlined the company's transformation from its device heritage to a software and services focus, centered on two divisions: embedded software for high-performance real-time operating systems in cars and robotics, and secure communications for mission-critical government and enterprise clients. He noted both segments delivered a solid quarter, with particular excitement around applying automotive-grade technology to robotics, medical instrumentation, and automated mobile robots in warehouses. Giamatteo emphasized that BlackBerry's edge lies in meeting stringent industrial safety certifications, which he said are difficult to replicate with open-source stacks or AI agents, providing some immunity from competitive disruption.

BlackBerry raised its fiscal 2027 revenue guidance to a range of $594 million to $621 million, up from the prior outlook of $584 million to $611 million, following stronger-than-expected first-quarter results driven by its QNX business. QNX generated approximately $72 million in revenue during the fiscal first quarter, a 26% year-over-year increase, and delivered another Rule of 40 quarter through strong growth and profitability. Development license revenue reached its highest level in eight quarters, signaling future royalty growth as automakers adopt QNX for software-defined vehicles, advanced driver assistance systems, and cockpit platforms. The company also sees expanding opportunities in general embedded markets such as robotics and industrial automation, and views Physical AI as a long-term catalyst. BlackBerry reported total quarterly revenue of about $153 million, with adjusted EBITDA more than doubling to roughly $36 million and gross margin expanding to approximately 79%, while forecasting full-year operating cash flow of around $100 million.

BlackBerry shares soared 20% after reporting first-quarter fiscal 2027 revenues of $152.9 million, beating the Zacks Consensus Estimate of $136.1 million. McCormick gained 1.6% after its second-quarter fiscal 2026 adjusted earnings of 80 cents per share exceeded the consensus of 69 cents. Meta Platforms fell 2.7% amid a continued tech slump driven by concerns over AI infrastructure costs. Bio-Techne surged 20.1% after Germany's Merck KGaA agreed to acquire the life sciences company in an $11.3 billion cash deal, boosting takeover optimism, while Merck KGaA jumped 5.3%.

Stifel initiated coverage on Blackberry with a Buy rating and a $12 price target, implying nearly 35% upside. The bullish call came just ahead of Blackberry's fiscal Q1 earnings, which showed a 26% year-over-year revenue increase to $153 million and earnings of $0.04 per share. Stifel argues the market misdefines Blackberry as merely an automotive software supplier, while it has evolved into a mission-critical software layer for physical AI across connected vehicles, robotics, industrial automation, and medical devices. The firm highlighted the QNX operating system, integrated into over 250 million vehicles, with QNX revenue growing 26% in fiscal Q1 and a royalty backlog of roughly $950 million. Stifel sees significant expansion beyond automotive, noting general embedded markets already account for about 20% of QNX revenue, and estimates Blackberry could address a revenue opportunity more than ten times larger than its current QNX business. The Secure Communications division also showed a 24% revenue increase to $73.6 million, with recent wins including the U.S. Internal Revenue Service and Germany's Bundesbank. Stifel forecasts fiscal 2027 revenue of about $602 million and adjusted EBITDA of $122 million, supported by a shift toward higher-quality recurring royalty revenue.

Several stocks made significant moves in midday trading. Kymera Therapeutics surged 17% after enrolling in a Phase 2b trial for its atopic dermatitis drug KT-621. BlackBerry rallied 20% on better-than-expected fiscal first-quarter results, posting adjusted earnings of 4 cents per share on revenue of $152.9 million. Apple slid nearly 5% after announcing price hikes on MacBooks and iPads, citing growing demand and rising memory and storage costs. AeroVironment fell 4% ahead of its fourth-quarter report next Monday and after disclosing it will restate prior results. Microsoft dropped 3.8% after saying it would raise Xbox console prices by $100 for the 512-gigabyte model and $150 for the 1-terabyte model. Hertz Global declined more than 9% following a 37-million share secondary offering priced at $2.70 per share. Micron soared 15% after third-quarter adjusted earnings of $25.11 per share blew past expectations, with revenue quadrupling to $41.46 billion. Qualcomm gained 8% after nearly doubling its 2029 non-handset revenue projection to $40 billion. Memory stocks also moved higher, with Sandisk jumping 18%, Western Digital rising 7%, and Lam Research adding 5%. Wendy's reversed earlier gains to trade down nearly 3% as retail trader momentum eased. Trip.com shed almost 2% after its fourth-quarter adjusted earnings and revenue missed expectations. Bio-Techne rallied 19.7% after agreeing to be acquired by Merck for $73 per share. Dollar Tree dropped 1.6% after a major shareholder sold shares in a block trade. McCormick gained 4% after reporting second-quarter adjusted earnings of 80 cents per share, topping estimates.

BlackBerry raised its annual revenue forecast on Thursday, betting on continued momentum for its QNX division following the completion of its turnaround efforts, sending its Toronto-listed shares up around 19%. The QNX division, which provides secure real-time operating systems for mission-critical embedded systems most notably in the automotive sector, saw revenue surge nearly 26% to $72.3 million during the first quarter ending May 31, and has a backlog of almost $1 billion in future royalties. BlackBerry now expects full-year 2027 revenue of between $594 million and $621 million, above its earlier projection of between $584 million and $611 million, and forecast annual QNX revenue of $295 million to $312 million, compared with its previous range of $290 million to $307 million. The company's secure communications division reported a 24% rise in revenue to $73.6 million, and total first-quarter revenue was $152.9 million, up 26% from the same period a year earlier.

BlackBerry Limited has upgraded its Unified Endpoint Management platform to better serve enterprises, governments, and highly regulated industries facing rising cybersecurity threats and data sovereignty requirements. The enhanced UEM platform adds improved policy management, expanded controls for Android and iOS, better malware detection, simplified profile administration, and stronger infrastructure support. BlackBerry’s UEM integrates mobile device management, mobile application management, secure communications, identity management, and compliance monitoring across iOS, Android, Windows, ChromeOS, and other platforms. The company aims to compete in high-growth segments including sovereign IT infrastructure, government cybersecurity, and zero-trust architecture adoption. BlackBerry shares have surged 177.9% over the past three months, and the stock currently carries a Zacks Rank #3 (Hold).