Blackberry (BB) Barclays 16th Annual Global Automotive and Mobility Tech Conference summary

Business transformation and market position

• Transitioned to a software-focused model, now dominant in foundational automotive software, especially with QNX, powering over 255 million vehicles globally.

• QNX revenue backlog stands at $865 million, growing at a CAGR above 20%, indicating strong future revenue visibility and an expected inflection point.

• Achieved the rule of 40 last quarter, highlighting profitability and growth.

Product innovation and technology trends

• QNX 8, released recently, emphasizes performance, scalability, and real-time capabilities, scaling linearly with processor cores.

• Microkernel architecture ensures high security and reliability, supporting critical applications in automotive and other sectors.

• Industry shift from distributed to consolidated vehicle architectures increases demand for high-performance foundational software.

Industry evolution and customer engagement

• OEMs are increasingly taking ownership of software development, seeking foundational platforms to build upon, while tier ones still play a key integration role.

• The addressable market for centralized automotive software is projected to triple within five years, independent of vehicle production trends.

• Partnerships with major silicon vendors (Qualcomm, NVIDIA, NXP, TI) and cloud providers (Azure, AWS) are critical for integration and development acceleration.