BlackBerry cuts Secure Comms revenue, EBITDA outlook on trade tensions

BlackBerry Q2 beat revenue and EBITDA estimates, and the company raised its overall FY27 guidance on strength in QNX. However, CFO Tim Foote cited U.S.-Canada trade tensions as "already dynamic" and complicating the Secure Communications segment's substantial U.S. government footprint. The company revised Secure Communications fiscal-year revenue outlook to $260-270 million (from $270-280 million) and adjusted EBITDA to $50-58 million (from $57-65 million). "We consider it appropriate to be cautious as we head into the second half," Foote said.