BlackBerry Shares Rise 5.5% as QNX Royalty Backlog Hits Record $1.2 Billion

3-line summary

• BlackBerry shares rose about 5.5% to C$12.18 after the company said its QNX embedded-software division's royalty backlog surpassed $1.2 billion, up more than $250 million (about 26%) from roughly $950 million at the end of fiscal 2026, which the company called a record.
• BlackBerry announced its first design win for Alloy Kore, the foundational software underlying its QNX automotive operating system, with expected future royalties of more than $100 million-described as the largest single design win in QNX's history; the company also cited new design wins in robotics, industrial automation, and medical devices.
• CEO John Giamatteo called the results "compelling evidence of the momentum" the company is building in QNX; the broader market was also positive the same day, with the Dow up 0.9% and the S&P 500 up 0.3%.

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