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    Should Coretura Contract Require Action From BlackBerry Stock Investors?

    Simply Wall St·10/02/2026 08:25:40
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    • BlackBerry reported second quarter 2026 sales of US$163.3 million and net income of US$33.9 million, and then raised full year 2027 revenue guidance to a range of US$616 million to US$636 million, alongside new third quarter guidance of US$143 million to US$154 million.
    • The Alloy Kore platform secured a major commercial vehicle software contract with Coretura, signalling that BlackBerry’s QNX based automotive push is starting to translate into long dated royalty potential and a clearer role in software defined vehicles.
    • We will examine how BlackBerry's investment narrative shifts as the raised guidance intersects with the Alloy Kore win at Coretura.

    See how BlackBerry's raised guidance and Alloy Kore traction compare with other auto software and connected vehicle players by reviewing our hand picked list of 90 robotics and automation stocks.

    BlackBerry Investment Narrative Recap

    For BlackBerry, the core belief is that high margin QNX and secure communications software can keep carrying more of the load, with Alloy Kore turning embedded auto wins into predictable royalty streams over time. The raised full year 2027 and Q3 2026 revenue guidance points to management seeing enough demand visibility to support a tighter and higher range.

    The key near term catalyst is execution on that upgraded outlook, especially converting design wins into in period software and services revenue while keeping net income positive. The biggest current risk is that large automotive and government customers delay programs or volume ramps, which would make this guidance reset look less meaningful.

    The Coretura award tied to Alloy Kore looks most relevant here, because it links the QNX franchise directly to commercial vehicle high performance compute programs that can support royalty streams. BlackBerry now has a concrete reference deployment around which it can build conversations with other OEMs and Tier 1 suppliers in both trucks and autos.

    For you as a shareholder, the link between that contract and catalysts is simple. Progress on Coretura gives a real world test of how quickly Alloy Kore can move from development to production, what the revenue timing looks like against the new guidance ranges, and how much execution risk sits in the broader software defined vehicle pipeline.

    BlackBerry's current analyst narrative points to forecast revenue of US$759.9 million and earnings of US$139.7 million by 2029, implying about 9.4% yearly revenue growth and an earnings increase of roughly US$79.9 million from US$59.8 million today.

    Uncover why BlackBerry's fair value indicates an 8% potential downside to its current price that leaves little room for error.

    TSX:BB 1-Year Stock Price Chart
    TSX:BB 1-Year Stock Price Chart

    Exploring Other Perspectives

    One alternate view puts Alloy Kore adoption at the center of the BlackBerry story. The most optimistic analysts were already penciling in revenue of US$781.2 million and earnings of about US$140.1 million by 2029 before this guidance hike. That camp sees platform uptake as the swing factor, and this news could push those forecasts further apart from more cautious expectations. You can use that spread to test which version of the future you find more convincing.

    Explore 3 other BlackBerry fair value estimates, including one that suggests as much as 24% upside from the current price!

    Decide For Yourself

    Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

    Looking for more BlackBerry sized investment ideas?

    If this BlackBerry update has you rethinking your watchlist, it can help to line it up against a wider set of opportunities that match your own risk and return preferences.

    • For readers hunting for companies that look mispriced on quality and valuation, start with a focused set of 5 high quality undervalued stocks that already clear basic balance sheet and earnings checks.
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    • To widen the opportunity set beyond well known tickers, browse a hand picked group of 9 high quality undiscovered gems that pair solid fundamentals with relatively low investor attention.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.