BlackBerry has delivered record quarterly revenue and secured its first QNX Alloy Kore design win, the largest design win in QNX history.
Alloy Kore is described by QNX as a software-defined vehicle (SDV) platform and a strategic foundation for SDVs
In the quarter ended August 31, BlackBerry said adjusted EBITDA grew 81% year-over-year and GAAP operating income increased 192% year-over-year.
"Our strong second quarter performance provides further evidence that BlackBerry's profitable growth model is working, with revenue, profitability, and cash flow generation all exceeding our expectations," said John J. Giamatteo, CEO, BlackBerry. "QNX delivered record performance in the quarter, driven by strength in our core automotive business. The first Alloy Kore design win, the largest design win in QNX history, marks an important commercial milestone. We also continue to build momentum beyond automotive in the General Embedded Markets and Physical AI.”
Total company revenue of $163.3 million increased 26% year-over-year in fiscal Q2.
Second quarter QNX revenue increased 27% year-over-year to $80.3 million; QNX segment adjusted gross margin expanded by 4 percentage points year-over-year to 87%.
