BlackBerry shares gain overnight as QNX royalty backlog hits a record

what happened

According to Stocktwits, BlackBerry (BB) shares moved higher in overnight trading after the company's QNX unit disclosed a royalty backlog above $1.2 billion, a record. That figure is 26% larger than the roughly $950 million held at the end of the previous fiscal year. Some retail traders now expect another leg up and point to a $20 level by year-end.

Management ties the expansion to stronger demand for QNX automotive software and wider use across industrial, robotics and medical markets. Software Development Platform 8.0 is being adopted more widely, and the first design win for the new Alloy Kore operating system added to the total. In the fiscal second quarter of 2027, revenue reached $163.3 million, up 26% from a year earlier. QNX sales rose 27% to $80.3 million, while Secure Communications edged up 2% to $60.9 million.

BlackBerry is also moving into physical AI, including humanoid robots, drones and industrial equipment, through a partnership with edge-AI chipmaker Hailo. The company estimates the Alloy Kore award could generate more than $100 million in future royalties, the largest such win in QNX history. On Stocktwits, sentiment shifted to neutral from bearish, and message volume jumped 192% over 24 hours.

why it matters

For investors, the key point is recurring royalty income tied to vehicle software, which is typically more predictable than hardware sales. A backlog growing faster than revenue can suggest better visibility into future earnings, but the share move so far reflects overnight trading and retail chatter, which can reverse quickly.

market impact

BlackBerry (BB): record QNX backlog supports interest in the stock and in automotive software peers

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