BlackBerry (BB:CA)
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BlackBerry’s stock is moving higher this week after its QNX division and software partner Vector announced a commercial vehicle software win. Coretura, a company founded by Daimler Truck and Volvo Group, selected their jointly developed Alloy Kore platform as a foundation for its next generation vehicle software. The announcement arrives just before BlackBerry reports fiscal second-quarter results on September 24, giving investors both a new growth story and a near-term test of the numbers behind it.
Alloy Kore combines a safety-certified operating system with other software that helps a vehicle’s computers work together. Coretura plans to use it as part of a common software platform for commercial vehicles. For BlackBerry, the attraction is the possibility that QNX becomes a deeper part of future vehicle designs as manufacturers put more computing power into trucks. Coretura’s selection shows that the technology has won a customer, but the announcement does not disclose a contract value or a schedule for revenue. Investors should therefore treat the potential financial benefit as an opportunity rather than an established earnings contribution.
The operating business has already shown improvement. In BlackBerry’s fiscal first quarter, which ended May 31, 2026, total revenue rose 26% year over year to US$152.9 million. QNX revenue also rose 26%, reaching US$72.3 million, while the Secure Communications division generated US$73.6 million, up 24%. The company reported its fifth consecutive quarter of positive net income under generally accepted accounting principles. These results provide a stronger fundamental basis for the QNX story than a design win alone.
The next earnings report will show whether that momentum is continuing. BlackBerry previously guided to US$137 million to US$148 million in total fiscal second-quarter revenue, including US$70 million to US$75 million from QNX. Investors should compare the reported results with those ranges and listen for any update on the timing, scale and commercial prospects of Alloy Kore deployments.
BlackBerry’s technical analysis shows a “Strong Buy” signal, indicating positive share-price momentum, while the analyst consensus rating is also a “Strong Buy”, reflecting optimism about the company’s prospects as its QNX software business grows. The 12-month average analyst target is C$11.40 per share, which presents as a more cautious outlook for the stock’s current valuation, where the target price forecast implies a 6% downside for the stock.
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