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Apr 10, 2026 4:00 AM

BlackBerry's Turnaround Is Complete: CEO John Giamatteo Says The Company Is Now A 'Growth Story'

John Giamatteo, CEO & Director of BlackBerry Limited (NYSE:BB), speaking at the company’s fourth-quarter earnings conference on Thursday, said, "The turnaround is complete, and the BlackBerry story is now a growth story."

He said, "QNX delivered another Rule of 40 quarter, rounding out a Rule of 40 year. QNX to remain a Rule of 40 business for fiscal year 2027." QNX is BlackBerry’s UNIX-like real-time operating system for embedded systems.

QNX: A Core Growth Engine

QNX is the company’s core growth engine. It delivered record revenue for two consecutive quarters, exceeding the top end of the guidance range at $78.7 million and representing 20% year-over-year growth. Giamatteo attributed the rise to a record quarter for royalties and development revenue.

He said, "This is not a business that is slowing down, but rather one that is compounding, powered by our continued leadership in automotive and growing momentum across physical AI, robotics, industrial, medical, and emerging markets."

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