Movement Alert|BlackBerry Rises 5.18% in Regular Trading, Q2 Earnings and Adjusted EPS Both Beat Expectations

Market Focus
Sep 29

On September 28, BlackBerry rose 5.18% in regular trading, trading at $8.6232/share, with turnover of $116 million. The stock continued to gain momentum following its second-quarter earnings release, in which both revenue and adjusted basic earnings per share exceeded market expectations.

The earnings beat comes on the heels of another significant catalyst: BlackBerry secured its first Alloy Kore full-vehicle design order. Coretura, a joint venture between Daimler Truck and the Volvo Group, officially selected the Alloy Kore platform — co-developed with Vector — as the key software foundation for its software-defined vehicle architecture. TD Bank analyst John Shao noted that investors had been eagerly awaiting the first Alloy Kore design win since early summer. The Coretura deal alone is expected to add over $100 million to BlackBerry's QNX royalty reserves.

These developments build on a strong first quarter in which QNX revenue surged nearly 26% year-over-year to $72.3 million, and total revenue grew 26% to $152.9 million. BlackBerry had also raised its full-year revenue guidance to $594–$621 million, signaling confidence in sustained QNX-driven growth.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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