BlackBerry (NYSE:BB) Issues Earnings Results

BlackBerry (NYSE:BB) issued its quarterly earnings data on Thursday. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01, Briefing.com reports. The firm had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $139.81 million. BlackBerry had a net margin of 9.69% and a return on equity of 10.09%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 earnings per share. BlackBerry updated its FY 2027 guidance to 0.160-0.200 EPS and its Q2 2027 guidance to 0.030-0.040 EPS.

Here are the key takeaways from BlackBerry’s conference call:

• BlackBerry reported a strong Q1, with revenue of $153 million above the high end of guidance, adjusted EBITDA more than doubling year over year, and positive GAAP net income for the fifth straight quarter.
• QNX was a standout, generating about $72 million in revenue, up 26% year over year, with strong growth in development licenses, royalties, and professional services. Management also highlighted new design wins in automotive and GEM, plus early traction for the newer SDP8 platform.
• Secure Communications posted its strongest quarter in years, with revenue of about $74 million and ARR up more than 5% year over year to $220 million. A large expansion and extension with Shared Services Canada drove the quarter, alongside additional government and defense wins.
• BlackBerry raised its full-year outlook, lifting total company revenue guidance to $594 million-$621 million and adjusted EBITDA guidance to $119 million-$139 million. It also increased QNX and licensing guidance, signaling improved confidence in the business trajectory.
• The company emphasized growing long-term opportunities in physical AI, GEM, and Alloy Kore, saying these could expand QNX’s addressable market and increase software content per vehicle. Management said Alloy Kore remains on track to secure its first design win this fiscal year.

BlackBerry Price Performance

Shares of BB stock opened at $10.29 on Friday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 128.58 and a beta of 2.29. The firm’s 50 day moving average is $7.37 and its 200-day moving average is $4.97. BlackBerry has a 1 year low of $3.12 and a 1 year high of $10.93.

More BlackBerry News

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: BlackBerry reported Q1 EPS of $0.04, topping estimates, while revenue rose 26% year over year to about $153 million, also above expectations. BlackBerry Reports First Quarter Fiscal Year 2027 Results
• Positive Sentiment: The company raised its fiscal 2027 revenue and EPS outlook, signaling management expects momentum to continue after the quarter’s strong performance. BlackBerry lifts annual revenue forecast as QNX unit powers growth
• Positive Sentiment: QNX growth was a key driver, with the embedded software unit continuing to benefit from automotive and AI-related opportunities, reinforcing the turnaround story. BlackBerry Sees New AI Opportunities as Embedded-Software Business Accelerates
• Positive Sentiment: BlackBerry highlighted stronger cash generation and fifth straight quarter of positive GAAP net income, which supports confidence in profitability improvement. BlackBerry Q1 Earnings Call Highlights QNX Growth & Higher Outlook
• Neutral Sentiment: BlackBerry also announced routine board election results, which are unlikely to materially affect the stock. BlackBerry Announces Election Results for the Company’s Board of Directors

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Canaccord Genuity Group boosted their target price on BlackBerry from $4.40 to $8.20 and gave the stock a “hold” rating in a report on Wednesday. Canadian Imperial Bank of Commerce raised their price target on BlackBerry from $8.50 to $10.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. Weiss Ratings upgraded BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $4.50 price objective on shares of BlackBerry in a research note on Friday, April 10th. Finally, Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research note on Monday, June 8th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.17.

Insider Buying and Selling at BlackBerry

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the stock in a transaction on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total value of $106,472.48. Following the transaction, the senior vice president directly owned 94,903 shares in the company, valued at approximately $337,854.68. This trade represents a 23.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Joseph Giamatteo sold 27,066 shares of BlackBerry stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total value of $96,354.96. Following the completion of the sale, the chief executive officer directly owned 899,146 shares of the company’s stock, valued at $3,200,959.76. This trade represents a 2.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 73,171 shares of company stock worth $260,489. Company insiders own 0.51% of the company’s stock.

Institutional Trading of BlackBerry

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of BlackBerry in the 4th quarter valued at about $280,000. Invesco Ltd. raised its stake in shares of BlackBerry by 2.4% during the fourth quarter. Invesco Ltd. now owns 128,487 shares of the company’s stock worth $487,000 after buying an additional 2,975 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in BlackBerry by 198.6% in the fourth quarter. Mackenzie Financial Corp now owns 1,199,811 shares of the company’s stock valued at $4,537,000 after buying an additional 797,970 shares during the period. XTX Topco Ltd lifted its holdings in BlackBerry by 624.5% in the fourth quarter. XTX Topco Ltd now owns 430,410 shares of the company’s stock valued at $1,631,000 after buying an additional 371,000 shares during the period. Finally, Man Group plc bought a new position in BlackBerry in the fourth quarter valued at approximately $92,000. 54.48% of the stock is owned by institutional investors.

BlackBerry Company Profile

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.