BlackBerry Lands Coretura Deal as RBC Bets on an Earnings Beat
Published on 09/22/2026 at 18:11 | Editorial boerse-global.de
BlackBerry's software unit has secured a flagship win just as analysts position themselves ahead of the company's quarterly report. Coretura, the vehicle software venture established by Daimler Truck and the Volvo Group, has picked Alloy Kore — a system co-developed by Vector and BlackBerry QNX — as its safety-certified foundation layer. It marks the product's first commercial breakthrough.
The market's initial enthusiasm cooled over the course of the session, leaving the stock at EUR 7.44, a gain of 0.2%. That muted close came against a backdrop of far stronger momentum: the shares had climbed 8.1% to EUR 8.03 earlier, extending their year-to-date advance to 144%.
A Strategic Foothold in Commercial Vehicles
For BlackBerry's embedded business, Coretura's decision carries weight beyond a single contract. The truck-making alliance intends to deploy Alloy Kore as the central software layer in its next generation of commercial vehicles, standardizing safety-critical architectures and giving manufacturers a simpler path to rolling out new digital features. The award plants QNX directly inside future series production of heavy transport — a meaningful signal in the market for automated and connected vehicle systems.
Broadening the QNX Footprint
The Coretura win slots into a run of operational moves. On Thursday, BlackBerry QNX and Sift unveiled a partnership enabling QNX-based systems and AI devices to deliver telemetry data in real time. SQL queries can now run within one second of leaving the endpoint device, with no firmware modifications required.
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Management is also reshaping existing operations. On September 11, it set out an expanded strategic direction for BlackBerry Radar, repositioning the technology as a platform for operational transport intelligence that translates device data directly into business decisions for fleet operators.
RBC Sees Room for an Upside Surprise
Attention now turns to the numbers. BlackBerry reports results for its second quarter of fiscal 2027, ended August 31, on September 24 at 8:00 a.m. US Eastern time. RBC Capital Markets reaffirmed its "Sector Perform" rating and USD 9.00 price target a day earlier, with analyst Paul Treiber anticipating a solid quarter in which revenue could land at the top of the company's own guidance range of USD 137 million to USD 148 million. Treiber models USD 148 million, above the roughly USD 145.5 million consensus. The brokerage also expects adjusted operating profit before interest, taxes, depreciation and amortization, along with adjusted earnings per share, to come in ahead of consensus.
RBC's view acknowledges a mixed automotive environment but points to rising software content in modern vehicles as a tailwind. The company had already raised its full-year revenue guidance to USD 594 million to USD 621 million in the prior quarter.
Wall Street Split on the Road Ahead
Opinions diverge on where the stock goes next. Stifel carries a buy recommendation with a USD 12 target, while Baird stays neutral at USD 5. Consensus settles on a hold. Optimism among the bulls rests largely on software momentum: the QNX segment grew 26% in the first quarter, and the total QNX royalty backlog stood at just under USD 1.00 billion.
Jim Cramer also voiced support for the stock on his US television show Thursday. With the Coretura contract now providing an operational foundation, the central question for Thursday's release is whether BlackBerry can further entrench profitability and either reaffirm or raise its outlook for the current fiscal year. Measured against yesterday's close of EUR 7.42, the stage is set for the report.
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