Shares of BlackBerry Ltd. were volatile in after-hours trading today after the company reported earnings and revenue beats in its fiscal 2026 third quarter.

For the quarter that ended on Nov. 30, BlackBerry reported adjusted earnings per share of five cents, up from breakeven in the same quarter of the previous fiscal year, on revenue of $141.8 million, down $1.8 million from the same quarter of fiscal year 2025, but up $12.2 million over the previous quarter.

Both figures came in ahead of the four-cents-per-share profit and revenue of $135.6 million expected by analysts.

Revenue for BlackBerry’s QNX business came in at $68.7 million, up 10% year-over-year and secure communication revenue came in at $67 million, down $7.6 million from the same quarter of the previous year but up $7.1 million over the previous quarter. Licensing revenue rounded out the total revenue take, coming in at $6.1 million.

BlackBerry saw operating cash flow in the quarter of $17.9 million and the company ended the quarter with $378 million in cash, cash equivalents, short-term and long-term investments on hand.

Business highlights in the quarter included the expansion of the BlackBerry SecuSUITE to Windows devices, extending sovereign-grade protection across the digital workplace.

The QNX division announced that more than 275 million vehicles on the road are being powered by their embedded technology and that a leading Chinese automaker selected QNX Sound for their luxury EV lineup.

“BlackBerry delivered revenue above the top end of the previously provided guidance range, which, coupled with ongoing cost discipline, helped the company achieve its strongest quarter of GAAP profitability in almost four years, along with increased operating cash flow,” Chief Executive John J. Giamatteo said in the company’s earnings release. “Our QNX division recorded an all-time record quarter for revenue as the division continues to extend deeper into automotive and wider into adjacent verticals.”

For its fiscal 2026 fourth quarter, BlackBerry expects adjusted earnings per share of three cents to five cents on revenue of $138 million to $148 million. For the full year, the company expects adjusted earnings of 14 to 16 cents per share on revenue of $531 million to $541 million.

Despite the solid results, investors were seemingly not sure what to make of the figures. BlackBerry stock surged by as much as 4% after-hours, then dipped to be down 0.3%, before settling to no change from the closing price as of about 5:30 p.m. EST.

Photo: BlackBerry