BlackBerry QNX adds $100M to royalty backlog
BlackBerry’s QNX division wins its largest-ever design, adding over $100 million to estimated future royalty backlog via Coretura’s software-defined commercial vehicle platform.
Rhea-AI Filing Summary
BlackBerry Limited (BB) reports that QNX, its embedded software division, and Vector Informatik have secured the first design win for Alloy Kore, their jointly developed foundational vehicle operating system. Coretura, the software-defined vehicle platform company founded by Daimler Truck and Volvo Group, has selected Alloy Kore as the safety-certified software platform foundation for its commercial vehicle SDV architecture.
BlackBerry states that this design win adds over $100 million to the QNX royalty backlog, which it defines as estimated future revenue from variable forecasted royalties, and notes that this is the largest design win in QNX history. The company emphasizes that backlog represents an estimate based on royalty rates and anticipated volumes and may not be indicative of actual future revenue, which will depend on factors such as production volumes, program timing, and potential contract changes.
Positive
- QNX’s Alloy Kore platform secured its largest design win in history, as Coretura selected it as the foundational OS for its software-defined commercial vehicle platform.
- The Coretura design win adds over $100 million to BlackBerry’s QNX royalty backlog, representing a significant increase in estimated future royalty revenue.
Negative
- None.
Insights
Analyzing...
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Added QNX royalty backlog: Over $100 million
Vector revenue: EUR 930 million
Vector employees: Around 4,500 employees
+1 more
4 metrics
Added QNX royalty backlog
Over $100 million
Estimated future royalty revenue from the Coretura design win
Vector revenue
EUR 930 million
Vector’s reported revenue in 2025
Vector employees
Around 4,500 employees
Vector worldwide headcount
Coretura engineers
Over 130 engineers
Coretura engineering staff across more than 15 countries
Key Terms
QNX royalty backlog, software-defined vehicle, high-performance compute, real-time operating system, +1 more
5 terms
QNX royalty backlog financial
"The Company defines QNX royalty backlog as estimated future revenue"
software-defined vehicle technical
"the software-defined vehicle (SDV) platform company founded by Daimler Truck"
A software-defined vehicle is a car whose capabilities, performance and user features are driven primarily by software running on its electronic systems rather than fixed mechanical parts, similar to how a smartphone gains new features through apps and updates. For investors this matters because revenue and value can shift from one-time hardware sales to ongoing software services, faster feature upgrades and broader aftermarket opportunities, while introducing dependencies on software development, cybersecurity and regulatory compliance.
high-performance compute technical
"targeted at high-performance compute (HPC) in the commercial vehicle environment"
High-performance compute describes very powerful computer systems and services designed to process large amounts of data or run complex simulations far faster than ordinary computers — think of a high-speed highway and a team of many workers tackling a huge job at once. For investors, it matters because access to faster, more reliable computing can speed product development, improve accuracy of models, lower operational costs, and create competitive advantages that affect revenues, costs and valuation.
real-time operating system technical
"combining a safety-certified real-time operating system with a pre-integrated set"
A real-time operating system is specialized software that manages a device’s hardware and applications so tasks run at predictable, guaranteed times instead of whenever resources happen to be free. For investors it matters because predictable timing is often critical for safety, regulatory approval and customer trust in products like medical devices, cars and industrial controllers—think of it as the conductor or traffic controller that keeps time-sensitive equipment from failing under pressure.
forward-looking statements regulatory
"contains forward-looking statements within the meaning of certain securities laws"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did BlackBerry (BB) announce regarding QNX and Alloy Kore in this 8-K?
BlackBerry announced that QNX and Vector’s Alloy Kore vehicle OS achieved its first design win with Coretura, the software-defined vehicle platform company founded by Daimler Truck and Volvo Group, to serve as the safety-certified foundational software layer for Coretura’s commercial vehicle SDV platform.
How much does the Coretura design win add to BlackBerry’s (BB) QNX royalty backlog?
BlackBerry states that the Coretura design win adds over $100 million to the QNX royalty backlog. The company characterizes this as the largest design win in QNX history, based on estimated future royalty revenue.
What is QNX royalty backlog as defined by BlackBerry (BB)?
BlackBerry defines QNX royalty backlog as estimated future revenue from variable forecasted royalties, calculated using QNX royalty rates and projections of anticipated volumes that management believes are reasonable over the expected life of a design.
Is the QNX royalty backlog figure a guarantee of future revenue for BlackBerry (BB)?
No. BlackBerry notes that QNX royalty backlog may not be indicative of actual future revenue. Recognized revenue will depend on factors such as actual production volumes, timing of programs, and any terminations or modifications of customer contracts.
Who is Coretura in BlackBerry’s (BB) new QNX design win?
Coretura is described as the software-defined vehicle platform company founded by Daimler Truck and Volvo Group. It is building a commercial vehicle SDV platform on one standard, and has selected Alloy Kore as the safety-certified software foundation for its high-performance compute architecture.
What role does Vector play in BlackBerry’s (BB) Alloy Kore platform?
Vector co-develops Alloy Kore with QNX and provides the Vector Distribution, a ready-to-use implementation that combines the automotive OS foundation with Vector’s middleware, communication, and integration capabilities for deployment in high-performance computing environments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||||||||||||||
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(Address of Principal Executive Offices) | (Zip Code) | |||||||||||||||||||||||||
(519 ) 888-7465
Registrant's telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Common Shares | BB | Toronto Stock Exchange | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
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o
Item 8.01 Other Events
On September 22, 2026, BlackBerry Limited (the “Company”) and Vector Informatik (“Vector”) jointly announced the first design win for Alloy Kore™, the foundational vehicle OS jointly developed by QNX, a division of BlackBerry, and Vector.
The design win with Coretura, the software-defined vehicle platform company founded by Daimler Truck and Volvo Group, adds over $100 million to the QNX royalty backlog and is the largest design win in QNX history.
The Company defines QNX royalty backlog as estimated future revenue from variable forecasted royalties. The estimate is based on QNX royalty rates and projections of anticipated volumes using historical experience and current customer projections that management believes are reasonable over the expected life of a design. QNX royalty backlog may not be indicative of actual future revenue. Revenue ultimately recognized is subject to several factors, including actual production volumes and potential terminations or modifications of customer contracts.
A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K.
Forward-Looking Statements
This Form 8-K contains forward-looking statements within the meaning of certain securities laws, including the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements in this news release include the estimated contribution of the design win to QNX royalty backlog; the timing and amount of associated royalty revenue; and BlackBerry’s and QNX’s strategies, opportunities and prospects.
The words “expect,” “anticipate,” “estimate,” “may,” “will,” “should,” “could,” “intend,” “believe,” “target,” “plan” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by BlackBerry in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that BlackBerry believes are appropriate in the circumstances. These estimates and assumptions include, but are not limited to, assumptions regarding anticipated production volumes; the timing and successful completion of customer development, integration, deployment and production programs; applicable royalty rates; customer projections; the continued commercial relationship among the relevant parties; the performance and adoption of Alloy Kore; general industry and economic conditions; and competition.
Many factors could cause BlackBerry’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. These factors include, without limitation: changes in the scope, timing or status of the customer program; delays in development, integration, certification, deployment or commencement of production; actual production volumes differing from current projections; modifications, suspensions or terminations of customer contracts or programs; changes in royalty rates or product configurations; the customer’s ability to successfully develop, manufacture and market its vehicles; BlackBerry’s and its collaborators’ ability to develop, integrate, support and enhance Alloy Kore; the dependence of BlackBerry’s products and services on interoperability with rapidly changing systems provided by third parties; BlackBerry’s dependence in part on its relationships with customers, suppliers, collaborators, resellers and channel partners; intense competition; changes in industry standards, customer requirements, market conditions or technology; adverse macroeconomic and geopolitical conditions, including trade policies and national security concerns; risks relating to intellectual property, open-source software, product performance, cybersecurity, regulation and litigation; and fluctuations in BlackBerry’s quarterly revenue and operating results.
These risk factors and others relating to BlackBerry are discussed in greater detail in BlackBerry’s Annual Report on Form 10-K and in the “Cautionary Note Regarding Forward-Looking Statements” section of BlackBerry’s Management’s Discussion and Analysis. Copies of these filings may be obtained through SEDAR+ and the U.S. Securities and Exchange Commission. Readers should not place undue reliance on BlackBerry’s forward-looking statements. Forward-looking statements are made only as of the date of this news release, and BlackBerry has no intention and undertakes no obligation to update or revise them, except as required by law.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | Description | |||||||
| 99.1 | BlackBerry Limited press release dated September 22, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BlackBerry Limited | ||||||||||||||||||||
Date: | September 22, 2026 | By: | /s/ Tim Foote | |||||||||||||||||
| Name: | Tim Foote | |||||||||||||||||||
| Title: | Chief Financial Officer | |||||||||||||||||||
Press Release September 21, 2026 | ||
Coretura Selects Alloy Kore to Advance a Unique Software-Defined Vehicle Platform for Its Commercial Vehicle Customers
Coretura, the Joint Venture Between Daimler Truck and Volvo Group, Selects Foundational Software Layer for Its Vehicle OS to Accelerate SDV Innovation
Coretura, the Joint Venture Between Daimler Truck and Volvo Group, Selects Foundational Software Layer for Its Vehicle OS to Accelerate SDV Innovation
STUTTGART, Germany, WATERLOO, ONTARIO, September 22, 2026 – Vector, a leading ecosystem partner for software-defined systems, and QNX, a division of BlackBerry Limited (NYSE: BB; TSX: BB) today announced that Coretura, the software-defined vehicle (SDV) platform company founded by Daimler Truck and Volvo Group, has selected Alloy Kore, the companies’ jointly developed foundational software layer, to accelerate its vision for the next-generation of software-defined commercial vehicles. The milestone underscores Coretura’s pioneering efforts to redefine how commercial vehicles are developed, deployed, and continuously improved through software updates, and marks the first design win for Alloy Kore, reinforcing its role as a trusted foundation for SDV innovation.
Leading the Transformation of Commercial Vehicle Software
Coretura is building an SDV platform for commercial vehicles, based on one platform and one standard. To advance this mission, Coretura has selected Alloy Kore as the safety-certified software platform foundation within its SDV platform architecture, targeted at high-performance compute (HPC) in the commercial vehicle environment.
“Coretura was founded to advance mobility at the speed of ideas,” said Johan Lundén, CEO, Coretura. “We are building one foundation the industry can rely on, so our customers can concentrate their engineering on the applications that bring value to theirs. Selecting Alloy Kore is a deliberate step on that path, and it helps us deliver commercial vehicles that keep getting smarter, safer and more valuable long after launch.”
Alloy Kore: A Strategic Foundation for SDVs
The industry is rapidly advancing toward vehicles powered by hundreds of millions of lines of code, yet today’s fragmented development model leads to inefficiencies, integration challenges, and rising costs. Alloy Kore addresses these challenges by combining a safety-certified real-time operating system with a pre-integrated set of common automotive system services into a single, scalable vehicle software foundation for deployment across HPC. The result is significantly reduced integration overhead, faster development cycles, streamlined certification efforts and the ability for OEMs to focus engineering investment on brand differentiation at the application layer.
Implementing Alloy Kore: The Vector Distribution
Coretura selected Alloy Kore through the Vector Distribution, a ready-to-use implementation of the platform. Built on the Alloy Kore architecture, the distribution combines the automotive OS foundation with Vector's middleware, communication, and integration capabilities for deployment in high-performance computing environments. For Coretura, this will provide a validated and production-ready software environment that can
Press Release September 21, 2026 | ||
be adapted to the requirements of its commercial vehicle platform while maintaining a consistent software foundation across development programs.
From Early Access to First Customer
Coretura’s selection of Alloy Kore reflects a wider shift toward shared software foundations, with engineering concentrated where it genuinely differentiates.
“Coretura represents a bold vision for the future of commercial vehicles, where software drives innovation, and the company’s selection of Alloy Kore represents a significant step for the future of software-defined commercial vehicles,” said John Wall, President, QNX. “Coretura is building the software-defined vehicle platform this industry needs, and they have chosen Alloy Kore as the certified foundational software layer beneath it. That is precisely the role we designed it for.”
“Coretura’s decision to adopt Alloy Kore marks an important milestone, not only for our platform, but for the advancement of software-defined commercial vehicles as a whole,” said Dr. Matthias Traub, President and Managing Director, Vector. “The industry needs an open, production-ready software foundation that helps manage complexity and accelerates innovation. Together with QNX, we developed Alloy Kore for exactly this purpose: a scalable foundation that, as part of a software-defined vehicle platform, enables OEMs to deliver differentiation faster and more efficiently.”
Figure 1: Coretura Selects Alloy Kore to Advance Next-Generation Software-Defined Commercial Vehicles
Image rights: Vector Informatik / QNX
You can find this and other press releases on our website at: www.vector.com/en/company/press/
Press Release September 21, 2026 | ||
Press contact Vector: Vector Media Relations Catherine Schneider, Mexperts AG catherine.schneider@mexperts.de | Press contact BlackBerry: BlackBerry Media Relations +1 (519) 597-7273 mediarelations@BlackBerry.com | ||||
Press contact Coretura:
Fred Wikman, Coretura Communications
+46 765 00 0467
fred.wikman@coretura.com
About Vector
Vector is a leading ecosystem partner for developing and operating software-defined systems. For over 35 years, Vector has empowered manufacturers and suppliers worldwide to create complex electronic products that meet the highest standards of functionality, safety, cybersecurity and efficiency – in the automotive industry, and increasingly in MedTech, Industrial, Rail, Agriculture and Aerospace.
With a strong commitment to open, modular, and scalable software platforms (vehicle-to-cloud) – built on proprietary components and seamlessly integrating open-source ones – Vector is a key enabler of the Software-Defined Vehicle (SDV) transformation. It collaborates with industry leaders such as Mercedes-Benz, and Mahindra on strategic SDV initiatives. The independent foundation-owned company, headquartered in Stuttgart, Germany, employs around 4,500 people worldwide and generated revenue of EUR 930 million in 2025. Learn more at www.vector.com
About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company’s high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.
About QNX
QNX, a division of BlackBerry Limited (NYSE: BB; TSX: BB), provides the trusted foundation that software-defined and physical AI systems depend on to operate safely and predictably in the real world. For nearly half a century, QNX has powered safety-critical applications where failure is not an option. The business leads the way in delivering safe and secure operating systems, hypervisors, middleware, solutions, and development tools, along with the support and services delivered by trusted embedded software experts. Today, QNX technology underpins hundreds of millions of vehicles on the road and a wide range of mission-critical systems across industrial controls, robotics, medical devices, commercial transportation, rail, and aerospace and defense. QNX is headquartered in Ottawa, Canada. Learn more at qnx.software.
©2026 BlackBerry Limited. Trademarks, including but not limited to BLACKBERRY and EMBLEM Design, QNX and the QNX logo design are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved. All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.
About Coretura
Coretura is the software-defined vehicle platform company founded by Daimler Truck and Volvo Group. Its purpose is to advance mobility at the speed of ideas. Coretura builds one platform and one standard for commercial vehicles - the foundational software layers the industry needs, but no single manufacturer should build alone. The result: fast, seamless innovation that ensures commercial vehicles keep getting smarter, safer, and more valuable long after launch. Headquartered in Gothenburg, Sweden, Coretura brings together over 130 engineers from more than 15 countries, working at the intersection of deep automotive expertise and modern software engineering. For more information, visit www.coretura.com