Seeking Alpha
20 Oct 2026, 20:43 UTC · 1h ago
BlackBerry's Turnaround Is Gaining Steam
Impact · against what's priced in
BlackBerry's Q2 results provide concrete evidence of the QNX acceleration the market has previously discounted, though the impact is partially tempered by guidance suggesting a second-half deceleration. The 26% revenue growth directly addresses the primary valuation crux regarding whether QNX can shift the company's overall growth trajectory.
- BB+0.30
Challenges what's priced in
- The price assumes
QNX revenue growth accelerating to a 40-50%+ rate to single-handedly offset the shrinking Secure Communications segment
The 26% YoY total revenue growth and 27% QNX growth demonstrate a tangible inflection point toward the hyper-growth the market has previously declined to pay for, moving the company beyond its previous 2.7% growth pace.
What BB's price assumes · Aug 27
