Home / Business and Economy / QNX Secures $100M+ Deal, Boosts Forecast
QNX Secures $100M+ Deal, Boosts Forecast
24 Sep
Summary
- QNX software revenue increased by 27% to $80.3 million.
- Full-year revenue forecast was raised significantly.
- A new contract with Coretura exceeds $100 million.
BlackBerry's QNX software division has achieved record quarterly revenue, prompting the company to increase its full-year financial outlook. The division specializing in safety-critical systems for vehicles and other industries reported a 27% revenue increase, reaching $80.3 million in the second quarter.
This surge is largely attributed to the growing automotive sector, where demand for software-defined vehicle architectures is expanding. Key automakers such as Audi, General Motors, Hyundai, and Mercedes-Benz already utilize QNX software in their vehicles.
A significant new deal with Coretura, a joint venture between Volvo Group and Daimler Truck, is expected to add over $100 million to QNX's royalty backlog, marking the largest QNX contract to date. This development contributed to BlackBerry's second-quarter revenue exceeding analyst expectations.
Consequently, BlackBerry has revised its full-year 2027 revenue projection upwards, signaling strong future growth prospects driven by advancements in automotive technology and QNX's integral role.
