BlackBerry Limited delivered QQ2 2026 results characterized by a modest year-over-year revenue decline, a solid gross margin, and positive cash generation that supports a robust net cash position. Revenue stood at $129.6 million, with gross profit of $96.6 million and a gross margin of approximately 74.5%. Operating income was $11.5 million and net income was $13.3 million, resulting in an EPS of $0.02 for the quarter. The company generated free cash flow of $4.8 million and ended the period with cash and cash equivalents of $290.6 million, while carrying a net cash position of roughly $265.6 million. Despite a YoY revenue drop of about 10.6% (and a QoQ gain of ~6.5%), management communications imply a continued emphasis on higher-margin software and licensing offerings, disciplined cost management, and a focus on scalable growth areas such as cybersecurity (Cylance-based solutions, BlackBerry Guard) and automotive/IoT platforms (QNX, IVY) to improve long-term profitability and cash generation.