BlackBerry (NYSE:BB) Releases Earnings Results, Beats Estimates By $0.01 EPS

BlackBerry (NYSE:BB) posted its quarterly earnings results on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01, Briefing.com reports. The business had revenue of $152.90 million during the quarter, compared to the consensus estimate of $139.81 million. BlackBerry had a net margin of 10.31% and a return on equity of 11.72%. BlackBerry’s revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.02 EPS. 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 Stock Up 9.8%

BB opened at $11.36 on Friday. BlackBerry has a twelve month low of $3.12 and a twelve month high of $11.49. The company’s 50-day moving average price is $7.52 and its two-hundred day moving average price is $5.02. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 126.21 and a beta of 2.29. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling

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

Hedge Funds Weigh In On BlackBerry

Several hedge funds have recently made changes to their positions in BB. Amundi grew its position in shares of BlackBerry by 32.2% during the 4th quarter. Amundi now owns 76,246 shares of the company’s stock valued at $289,000 after purchasing an additional 18,587 shares in the last quarter. Creative Planning raised its position in shares of BlackBerry by 87.5% in the second quarter. Creative Planning now owns 53,413 shares of the company’s stock worth $245,000 after buying an additional 24,921 shares in the last quarter. Scientech Research LLC purchased a new stake in shares of BlackBerry in the third quarter worth $216,000. FIL Ltd boosted its stake in BlackBerry by 19.3% during the fourth quarter. FIL Ltd now owns 46,919 shares of the company’s stock valued at $177,000 after buying an additional 7,596 shares during the period. Finally, Public Sector Pension Investment Board bought a new stake in BlackBerry during the fourth quarter valued at $119,000. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

Key BlackBerry News

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: BlackBerry beat fiscal Q1 expectations on both EPS and revenue, with revenue up 26% year over year and adjusted EPS above estimates, signaling improving operating momentum. BlackBerry Reports First Quarter Fiscal Year 2027 Results
• Positive Sentiment: The company raised its FY2027 guidance, with management citing strength in QNX and Secure Communications, which supports confidence in continued growth and profitability. BlackBerry Q1 Earnings Call Highlights QNX Growth & Higher Outlook
• Positive Sentiment: QNX remains a key driver, with strong automotive embedded-software growth and expanding AI-related opportunities helping investors re-rate the stock higher. BlackBerry Sees New AI Opportunities as Embedded-Software Business Accelerates
• Positive Sentiment: Brokerage sentiment improved after the results, with CIBC raising its price target and maintaining an outperformer rating, while TD also lifted its target despite a hold rating. Analyst target update
• Neutral Sentiment: BlackBerry also reported its first cash-positive quarter in nine years, a milestone that supports the turnaround story but may take time to flow through to valuation.
• Negative Sentiment: TD’s new $8 price target is still well below the current trading level, implying meaningful downside if the stock’s post-earnings optimism fades. BayStreet.CA analyst ratings

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Canadian Imperial Bank of Commerce increased their price objective on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research note on Friday. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. TD Securities reissued a “hold” rating and issued a $8.00 price target on shares of BlackBerry in a research report on Friday. TD raised their price objective on BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research note on Friday. Finally, Canaccord Genuity Group set a $10.30 price objective on shares of BlackBerry in a report on Friday. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.92.

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.