Filing Flows › Blackberry (BB) › Q1 FY27 › vs Q1 FY26
Blackberry (BB) Q1 FY27 vs Q1 FY26 (year over year)
Blackberry's revenue rose $31.2M (+26%) from $122M in Q1 FY26 to $153M in Q1 FY27. The biggest changes: QNX +$14.8M (+26%); Secure Communication +$14.1M (+24%); Licensing +$2.3M (+49%). Gross margin 78.3% against 74.2% (+4.1 pts).
Blackberry, Q1 FY27: revenue $153M (+26% year over year), operating margin 10.0%, net earnings $8.5M, operating cash flow $4.6M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 78.3% | 74.2% | +4.1 pts |
| Operating margin | 10.0% | 1.6% | +8.4 pts |
| Net margin | 5.6% | 1.6% | +4.0 pts |
| Free cash flow margin | 1.1% | -15.5% | +16.6 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Secure Communication | $73.6M | $59.5M | $14.1M | +24% |
| QNX | $72.3M | $57.5M | $14.8M | +26% |
| Licensing | $7.0M | $4.7M | $2.3M | +49% |
| Revenue | $153M | $122M | $31.2M | +26% |
| Gross profit | $120M | $90.3M | $29.4M | +33% |
| Cost of revenue | $33.2M | $31.4M | $1.8M | +6% |
| Other income, net | $1.1M | $2.9M | −$1.8M | -62% |
| Operating profit | $15.3M | $2.0M | $13.3M | +665% |
| Operating expenses | $104M | $88.3M | $16.1M | +18% |
| Pre-tax earnings | $16.4M | $4.9M | $11.5M | +235% |
| Research & development | $33.0M | $25.0M | $8.0M | +32% |
| Sales & marketing | $29.5M | $28.7M | $800K | +3% |
| General & admin | $39.3M | $30.5M | $8.8M | +29% |
| Other operating costs | $2.6M | $4.1M | −$1.5M | -37% |
| Net earnings | $8.5M | $1.9M | $6.6M | +347% |
| Income tax | $7.9M | $3.0M | $4.9M | +163% |
| Operating cash sources | $19.1M | $13.3M | $5.8M | +44% |
| Depreciation & amortization | $4.1M | $5.7M | −$1.6M | -28% |
| Share-based compensation | $6.5M | $5.7M | $800K | +14% |
| Working capital & other | $14.5M | $31.3M | −$16.8M | -54% |
| Operating cash flow | $4.6M | −$18.0M | $22.6M | — |
| Free cash flow (OCF − capex) | $1.7M | −$18.9M | $20.6M | — |
| Capital expenditures | $2.9M | $900K | $2.0M | +222% |
Questions
How much did Blackberry's revenue grow year over year in Q1 FY27?
Blackberry's revenue rose $31.2M (+26%) from $122M in Q1 FY26 to $153M in Q1 FY27.
What drove Blackberry's revenue change in Q1 FY27?
QNX +$14.8M (+26%); Secure Communication +$14.1M (+24%); Licensing +$2.3M (+49%).