BlackBerry (BB): Earnings Beat, IoT Growth, Analyst Neutrality

BlackBerry Limited (NYSE:BB) is one of the champion NYSE stocks nether $5 to buy. On December 19, RBC Capital reaffirmed its Sector Perform standing connected BlackBerry Limited (NYSE:BB) banal and a $4.50 terms target. This determination followed BlackBerry’s Q3 FY26 earnings. RBC noted that though BlackBerry bushed estimates and raised guidance, the reliance connected one-time gains alternatively than ongoing concern improvements kept them cautious.

BlackBerry announced its Q3 2026 results connected December 18, successful which it reported sequential gross maturation and continued profitability improvements. For example, full gross reached $141.8 million, exceeding the precocious extremity of anterior guidance. This is besides a 9% sequential summation from Q2 but a 1% year-over-year dip. Management attributed this to shifts successful licensing deals offset by gains successful halfway operations.

The QNX IoT part deed a grounds quarterly gross of $68.7 million, a 10% year-over-year growth. This maturation was driven by deeper automotive penetration and enlargement into adjacent markets similar aesculapian and industrial, noted management. Other segments besides did well: Secure Communications gross came successful astatine $67 million, and Licensing and different gross totaled $6.1 million.

Given the performance, absorption raised full-year FY26 guidance. They lifted the full gross midpoint to $531-541 cardinal from the archetypal $519-541 million. But adjusted EBITDA is unchanged astatine $82-101 million, non-GAAP EPS astatine $0.11-0.15, and operating currency travel astatine $35-40 million. Management cited sustained momentum successful QNX and Secure Communications arsenic the cardinal maturation drivers.

BlackBerry Limited (NYSE:BB) is simply a cybersecurity and bundle company. It develops and provides intelligent information bundle and services to enterprises and governments. The company’s portfolio includes cybersecurity solutions, unified endpoint management, and QNX software, which powers mission-critical applications successful automotive and concern sectors.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.