BlackBerry beat fiscal Q1 EPS and revenue estimates and lifted fiscal 2027 guidance. The stock jumped following solid QNX and Secure Communications performance.
Although Wall Street typically buries its dethroned category kings without ceremony, three former tech titans have spent the past year clawing their way back into the investor conversation.
Adjusted earnings per share (EPS) of four cents topped the analysts' estimate of three cents. However, a double beat alone doesn't explain BB's nearly 20% post-earnings surge, or its more than 170% year-to-date rally.
BB raises its FY27 outlook after Q1 results, with QNX growth, stronger cash generation and secure communications demand driving management's turnaround case.
BlackBerry Ltd. reported a stronger first quarter, posting higher profit and revenue compared with the same period last year while increasing its revenue outlook for the full fiscal year.
BlackBerry stock soars after reporting earnings as investors view the company known for obsolete cellphones as an AI play.
Blackberry (TSX:BB) shares jumped nearly 21% on Thursday in New York and Toronto after the Canadian technology company posted first-quarter fiscal 2027 results that beat analyst expectations, driven by double-digit growth across its QNX automotive software and Secure Communications divisions. Revenue for the quarter came in at $152.9 million, up 26% year over year and well above the analyst consensus of $138.2 million.
Shares of BlackBerry (BB) traded higher on Thursday morning after the company reported stronger-than-expected first-quarter results and raised its financial outlook for fiscal 2027. At the time of writing, BB stock was up more than 22% on the NYSE following the earnings release.
BlackBerry lifted its fiscal 2027 outlook on higher first-quarter results, driven by embedded-software growth and expanding opportunities with artificial intelligence.
BlackBerry heads into Q1 earnings with a $950M QNX royalty backlog, growing Secure Comms demand and expectations for positive operating cash flow.
BlackBerry Limited is rated a Hold ahead of its fiscal Q1 2027 report, with prior share gains driven by optimism in QNX and GEM segments. QNX and Secure Communications are key growth drivers, with QNX growing 14% and a $950 million backlog supporting future revenue. Cost restructuring, including the Cylance divestiture, removed a $150 million run rate, enabling eight consecutive quarters of improving GAAP net income.
BlackBerry (BB) closed the most recent trading day at $8.83, moving 3.71% from the previous trading session.