BlackBerry beats Q1 estimates, raises annual forecast on QNX and cybersecurity growth
BlackBerry reported Q1 FY2027 revenue of $152.9M (up 26% YoY), beating guidance and analyst estimates. Strong growth in QNX automotive software (+26%) and Secure Communications (+24%), driven by a Canadian government contract and demand for software-defined vehicles, lifted full-year revenue outlook to $594-$621M. Shares surged ~20% in Toronto and US markets. The company posted its fifth consecutive profitable quarter and first positive Q1 operating cash flow in nine years.
Cross-source coverage
Wire timeline
BlackBerry Surges After Earnings Beat and Revenue Tops Estimates
BlackBerry (NYSE: BB) shares surged 19.72% to close at $10.32 on June 25, 2026, after reporting first-quarter fiscal 2027 earnings that beat estimates and revenue that topped expectations. The security software and embedded systems provider saw trading volume of 70.2 million shares, about 140% above its three-month average. The company's QNX unit, focused on automotive software, grew sales by 26% and has a backlog of nearly $1 billion. Overall, BlackBerry reported Q1 sales growth of 26% and adjusted EBITDA growth of 144%, signaling a successful turnaround. Management guided for fiscal 2027 sales to rise roughly 11% and to generate at least $100 million in cash from operations, up from $50 million last year. The broader market was mixed, with the S&P 500 down 0.01% and the Nasdaq Composite down 0.46%, while cybersecurity peers Palo Alto Networks and CrowdStrike also saw gains.
Yahoo FinanceBlackBerry stock surges as first-quarter results top estimates on QNX, cybersecurity strength
BlackBerry shares surged nearly 21% after reporting fiscal first-quarter 2027 results that beat analyst expectations. Revenue reached $152.9 million, up 26% year-over-year, exceeding the consensus estimate of $138.2 million. Adjusted earnings per share of $0.04 topped estimates of $0.03, while adjusted EBITDA surged 144% to $36.3 million. The company achieved its first positive operating cash flow in a fiscal first quarter in nine years. Both the QNX automotive software division and Secure Communications segment achieved the Rule of 40 benchmark, with QNX revenue of $72.3 million (up 26%) and Secure Communications revenue of $73.6 million (up 24%). For the second quarter, BlackBerry guided revenue of $137 million to $148 million. Full-year guidance calls for revenue of $594 million to $621 million and adjusted EPS of $0.16 to $0.20.
Yahoo FinanceBlackBerry stock surges as first-quarter results top estimates on QNX, cybersecurity strength
BlackBerry shares jumped nearly 21% on June 25, 2026, after the company reported fiscal first-quarter 2027 results that exceeded analyst expectations. Revenue reached $152.9 million, up 26% year-over-year and above the $138.2 million consensus. Adjusted EPS of $0.04 beat estimates of $0.03, while adjusted EBITDA surged 144% to $36.3 million. The company achieved its first positive operating cash flow in a fiscal first quarter in nine years, excluding a prior patent sale. Both the QNX automotive software division and Secure Communications segment posted double-digit revenue growth and achieved the Rule of 40 benchmark. QNX revenue rose 26% to $72.3 million, and Secure Communications revenue increased 24% to $73.6 million. For the second quarter, BlackBerry guided revenue of $137-$148 million and adjusted EBITDA of $20-$30 million. Full-year revenue guidance is $594-$621 million.
Yahoo FinanceBlackBerry Q1 FY2027 earnings beat, raises full-year outlook
BlackBerry reported first-quarter FY2027 revenue of $152.9 million, up 26% year-over-year, beating its own guidance of up to $140 million and analyst consensus of $0.03 EPS with adjusted earnings of $0.04 per share. The company raised its full-year revenue outlook to $594-621 million and adjusted EPS guidance to $0.16-0.20. Growth was driven by a 26% increase in QNX embedded software revenue to $72.3 million and a 24% rise in Secure Communications revenue to $73.6 million, supported by a long-term Canadian government contract for SecuSUITE. GAAP net income reached $8.5 million, marking the fifth consecutive profitable quarter. Operating cash flow turned positive at $4.6 million, a first for a fiscal Q1 in nine years excluding a prior patent sale. Shares surged over 20% on the news.
Yahoo FinanceBlackBerry Q1 FY2027 Earnings Beat Estimates, Raises Full-Year Outlook on QNX and AI Growth
BlackBerry reported fiscal first-quarter revenue of $152.9 million, a 26% increase year-over-year, surpassing its own guidance of up to $140 million. Adjusted earnings per share came in at 4 cents, beating the 2-3 cent guidance range and the 3-cent consensus. The company raised its full-year revenue forecast to $594-621 million and adjusted EPS to 16-20 cents. Growth was driven by its QNX embedded software division, which posted $72.3 million in revenue (+26%) and $19.3 million in adjusted EBITDA (+52%), benefiting from opportunities in software-defined vehicles, robotics, and AI. Its Secure Communications unit grew 24% to $73.6 million, supported by a renegotiated SecuSUITE contract with the Canadian government through 2033. GAAP net income reached $8.5 million, marking the fifth consecutive profitable quarter. Operating cash flow turned positive at $4.6 million, a nine-year first-quarter record excluding patent sale proceeds. Cash and investments stood at $422.9 million. Shares surged over 20% on the news.
Yahoo FinanceBlackBerry lifts annual revenue forecast as QNX unit powers growth, shares rise
BlackBerry raised its annual revenue forecast on Thursday, driven by strong performance from its QNX division, which provides operating systems for self-driving vehicles and connected devices. The company reported first-quarter revenue of $152.9 million, up 26% year-over-year, with QNX revenue surging 26% to $72.3 million and a backlog of nearly $1 billion in future royalties. Its secure communications division also grew 24% to $73.6 million, primarily driven by government clients. BlackBerry now expects full-year 2027 revenue between $594 million and $621 million, up from an earlier range of $584 million to $611 million. CEO John Giamatteo noted strong demand for software-defined vehicles. Shares rose approximately 19% in Toronto and 20% in US markets.
Yahoo Finance