Blackberry's second-quarter adjusted gross margin exceeded expectations.

In the second quarter, Blackberry's adjusted gross margin was 75%, up from 65.5% in the same period last year and above the estimated 73.7%. The adjusted EBITDA in the second quarter was $25.9 million, higher than the estimated $12.2 million. The free cash flow in the second quarter was $2.6 million, compared to a negative $15 million in the same period last year. Cash and cash equivalents in the second quarter were $2.764 billion, a 62% increase year-on-year and slightly higher than the estimated $2.726 billion.