Here’s Why BlackBerry Stock Surged on Thursday

BlackBerry Limited (NYSE: BB) shares surged nearly 20% on Thursday, June 25, 2026, climbing $1.72 to $10.34 after the Waterloo, Ontario-based software company delivered a first-quarter fiscal year 2027 earnings report that crushed Wall Street’s consensus expectations across every key metric.

Analysts had projected revenue of $137.91 million for the quarter ended May 31, 2026, according to Yahoo Finance consensus estimates. BlackBerry blew past that figure, reporting total revenue of $152.9 million — a beat of roughly $15 million, or nearly 11% above expectations — and representing 26% growth year-over-year. On the bottom line, BlackBerry posted adjusted EPS of $0.04, topping the consensus estimate of $0.03.

Beyond the headline beat, the company delivered its fifth consecutive quarter of positive GAAP net income at $8.5 million, while adjusted EBITDA surged 144% year-over-year to $36.3 million. The quarter also marked BlackBerry’s first cash-positive fiscal first quarter in nine years, with operating cash flow of $4.6 million.

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Both primary business segments fired on all cylinders. QNX revenue grew 26% to $72.3 million, bolstered by an expanded NVIDIA collaboration for safety-critical edge AI and a new design win with Chinese EV maker Leapmotor. Secure Communications revenue climbed 24% to $73.6 million.

“The foundation of the business is stronger than it has been in years,” said CEO John J. Giamatteo.

Looking ahead, BlackBerry guided for full-year fiscal 2027 revenue of $594–$621 million — broadly in line with Yahoo Finance’s full-year consensus of $602.08 million — and operating cash flow of approximately $100 million, further reinforcing investor confidence in the company’s ongoing turnaround.