Story perspectives

BlackBerry Q1 Revenue Up 26%, Shares Surge 19%

6/26/2026

Summary

Story summary

BlackBerry reported Q1 FY2027 revenue of $152.9 million, a 26% increase, prompting shares to jump about 19%.
QNX sales reached $72.3 million, up 26%, with a $1 billion royalty backlog.
Secure Communications generated $73.6 million, a 24% rise driven by expanded government contracts.
Adjusted EBITDA rose 144% to $36.3 million, with cash flow positive at $4.6 million.
CFO Tim Foote raised FY2027 revenue guidance to $594-$621 million and EPS guidance to 16–20 cents.

History

Historical Context

BlackBerry captured roughly 56 % of the U.S. smartphone market by 2009 and peaked at 85 million global users in September 2011. After Android and iOS eroded its share, the company shifted to software licensing in 2015–2016, ending in-house device design. That pivot underpins the FY 2027 Q1 report’s renewed growth in security-focused software contracts.

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Story summary

BlackBerry reported Q1 FY2027 revenue of $152.9 million, a 26% increase, prompting shares to jump about 19%.
QNX sales reached $72.3 million, up 26%, with a $1 billion royalty backlog.
Secure Communications generated $73.6 million, a 24% rise driven by expanded government contracts.
Adjusted EBITDA rose 144% to $36.3 million, with cash flow positive at $4.6 million.
CFO Tim Foote raised FY2027 revenue guidance to $594-$621 million and EPS guidance to 16–20 cents.

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