BlackBerry stock rose 6% to $9.45 in afternoon trading after the company said its QNX unit’s royalty backlog exceeded $1.2 billion, a record, and the stock is up 149% year to date. Management credited growing adoption of the QNX Software Development Platform and the first deal for Alloy Kore, which it called the largest design win in QNX’s history, along with wins in robotics, industrial automation and medical devices. Over the same period, Mobileye fell 4% to $7 and Aptiv slipped 0.6% to $44.79, while the Global X Autonomous & Electric Vehicles ETF rose 0.1%. The article explains that QNX earns licensing royalties as vehicle programs enter production, whereas Mobileye and Aptiv carry heavier hardware content. The key question now is whether the backlog converts into royalty revenue on schedule, which depends on when automakers move programs into production.
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