Blackberry (TSX:BB) shares rose almost 6% on Monday, reaching their highest level in more than a year, following a Wall Street Journal (WSJ) report highlighting renewed momentum in the company’s automotive software business.
This extends a strong rally for BlackBerry, which is up about 51% so far this year, as investors continue to reassess the company’s shift away from smartphones and toward embedded software.
According to the Journal, BlackBerry’s QNX division, which develops software used in driver-assistance systems and other vehicle technologies, has been seeing steady growth and expanding adoption across the automotive industry.
The report also noted QNX’s increasing presence beyond the automotive sector, including applications in medical devices and industrial systems.
BlackBerry has said its QNX technology is now deployed in more than 275 million vehicles worldwide. In its most recent earnings report, the segment accounted for nearly half of fiscal 2026 revenue, generating $268 million.
The company also reported that QNX revenue in the fourth quarter reached $65.8 million, supported by continued licensing and royalty growth.
The WSJ report underscored QNX’s role as a key driver of BlackBerry’s turnaround narrative. The software operates largely behind the scenes in safety-critical systems, including advanced driver-assistance features. As one QNX executive told the Journal, “On a car, you’ll never see QNX’s logo. What you will see is a better experience.”