The earnings call reflects a positive sentiment with BlackBerry's strong financial turnaround, impressive growth in both the IoT and Cybersecurity divisions, and strategic moves such as the sale of Cylance. However, challenges remain in the automotive market and licensing revenue fluctuations.

Company Guidance

During the BlackBerry Q3 2025 earnings call, the company provided a comprehensive overview of its financial performance and future guidance. BlackBerry reported revenue of $162 million, surpassing the upper end of its guidance range, with a gross margin improvement to 74%. The IoT division achieved revenue of $62 million, marking 13% year-over-year growth, driven by strong performance in automotive royalties and development seat licenses. The Cybersecurity division, including Cylance, reported $93 million in revenue, reflecting 7% sequential growth, while the Secure Communications division alone achieved 10% growth. The company also reported positive EBITDA of $23 million and non-GAAP EPS of $0.02. Looking ahead to Q4, BlackBerry anticipates Secure Communications revenue between $62 million and $66 million, with EBITDA between $4 million and $6 million. IoT revenue is expected to range from $60 million to $65 million, and Licensing revenue is projected at approximately $4 million, contributing to a total company adjusted EBITDA forecast of $10 million to $20 million.

Strong IoT Division Performance

IoT division delivered revenue of $62 million, a 13% year-over-year and sequential growth. The division also achieved an 85% gross margin and $18 million of EBITDA, representing 38% sequential growth.

Cybersecurity Division Growth

Cybersecurity division, including both Secure Communications and Cylance, delivered revenue of $93 million with a 7% sequential growth. The division achieved $8 million of EBITDA, a $14 million sequential improvement.

Positive Financial Turnaround

BlackBerry achieved positive EBITDA of $23 million and non-GAAP EPS of $0.02, along with positive operating and free cash flow of $3 million, marking the first positive cash flow in 12 quarters.

Strategic Sale of Cylance

BlackBerry signed a definitive agreement with Arctic Wolf for the sale of Cylance, which is expected to strengthen the balance sheet and improve profitability.

Secure Communications Division Achievements

Secure Communications division showed strong performance with an 8% year-over-year increase in ARR to $215 million and a dollar-based net retention rate of 95%.

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BlackBerry (BB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 02, 2025	2025 (Q4)	<0.01 / -	0.028	―	―	―
Dec 19, 2024	2025 (Q3)	>-0.01 / 0.02	0.009	123.08% (+0.01)
Sep 26, 2024	2025 (Q2)	-0.03 / 0.00	-0.038	―
Jun 26, 2024	2025 (Q1)	-0.05 / -0.03	0.055	-151.90% (-0.08)
Apr 03, 2024	2024 (Q4)	-0.04 / 0.03	-0.019	248.15% (+0.05)
Dec 20, 2023	2024 (Q3)	-0.03 / <0.01	-0.047	119.12% (+0.06)
Sep 28, 2023	2024 (Q2)	-0.06 / -0.04	-0.047	20.59% (<+0.01)
Jun 28, 2023	2024 (Q1)	-0.06 / 0.05	-0.045	221.54% (+0.10)
Mar 30, 2023	2023 (Q4)	-0.07 / -0.02	0.009	-307.69% (-0.03)
Dec 20, 2022	2023 (Q3)	-0.07 / -0.05	0	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 19, 2024	$2.98	$3.69	+23.83%
Sep 26, 2024	$2.54	$2.52	-0.79%
Jun 26, 2024	$2.21	$2.45	+10.86%
Apr 03, 2024	$2.81	$2.88	+2.49%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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