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BlackBerry upgraded to Buy before Q2 earnings on strong Q1 and growth in QNX segment

Company Fundamentals
19 Sep 2026
Seeking Alpha
View Source
Bullish
BlackBerry upgraded to Buy before Q2 earnings on strong Q1 and growth in QNX segment

BlackBerry's stock is upgraded to Buy ahead of its Q2 earnings report after strong Q1 results and improving growth metrics, especially in its QNX segment which posted record developer license revenue and has nearly $1 billion in royalty backlog. The company forecasts about $100 million in operating cash flow for fiscal year 2027, supported by $423 million in cash and investments at the end of Q1. While risks remain from automotive sector challenges and exposure to China's robotics market, QNX's expansion into industrial and safety-critical markets provides a positive outlook for long-term growth.

BlackBerry Limited holds a market capitalization of $4.67 billion and an enterprise value of $4.55 billion as of September 19, 2026, 21:31 WIB. The stock price on Pluang is USD 7.99, showing a modest 0.63% increase in the past day, with a strong buy interest reflected by 92% of orders being buys. This active trading and investor confidence come as the company prepares to report Q2 earnings, highlighting its strategic growth in the QNX segment.

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