BlackBerry Doubles Share Price on Car Software Push, Targets $950 Million QNX Backlog for Robots
Updated
Updated · CNBC · Aug 28
BlackBerry Doubles Share Price on Car Software Push, Targets $950 Million QNX Backlog for Robots
3 articles · Updated · CNBC · Aug 28
Summary
BlackBerry shares have doubled this year as investors back its shift from smartphones to safety-critical software for cars and secure communications.
QNX now sits in 275 million vehicles, supplying embedded systems for functions from braking to semi-autonomous driving and giving BlackBerry a base for what CEO John Giamatteo calls physical AI.
Robotics is already one of the fastest-growing parts of the QNX portfolio, with BlackBerry now generating revenue from industrial, factory and medical robot customers rather than humanoid projects.
A $950 million QNX order backlog includes robotics business, though BlackBerry did not disclose how much, underscoring how the company is extending its automotive software into adjacent AI-driven machines.
The pivot marks BlackBerry's long reinvention after losing the smartphone battle that followed the iPhone's 2007 launch, replacing handset sales with software built around security and safety.