BlackBerry Swings to Profit as QNX Segment Hits Record Highs

Despite a slight dip in total revenue to $141.8 million from $143.6 million a year ago, the company’s underlying fundamentals showed resilience. Earnings per share remained flat at around $0.02. A major driver of this quarter’s success was the QNX segment, which saw revenue climb 10% to an all-time high of $68.7 million. CEO John Giamatteo highlighted that higher-than-expected overall revenue, paired with cost-cutting efforts, as being central to achieving this level of profitability.

Even with improved financial results, the market reaction has been tepid. BlackBerry stock is flat for the year and it didn’t get a bump up from the earnings release. In fact, the stock has been trading lower as investors may have been hopeful of better results from the company. Over the past five years, BlackBerry’s stock has lost around 40% of its value as it has continually struggled to gain momentum and show the growth and progress investors may have been expecting by now.

With many tech companies out there offering similar types of software solutions, BlackBerry is having a hard time standing out from the crowd and proving that it’s a better buy than other tech stocks. Despite the solid bottom line in Q3, the lack of growth remains a big concern for BlackBerry investors heading into 2026.