BlackBerry Earnings Lift 2027 Outlook

BlackBerry earnings on June 25, 2026 showed a stronger first quarter and prompted the company to raise its fiscal‑year revenue outlook, with management citing renewed momentum at QNX and Secure Communications.

Quarter Results, Cash Flow, and Guidance

For the quarter ended May 31, 2026, BlackBerry reported revenue of $152.9 million, up 26% year over year. Adjusted EBITDA, a proxy for operating profit, rose 144% to $36.3 million. Adjusted net income was $25.4 million, with adjusted basic earnings per share of $0.04. On a GAAP basis, operating income was $15.3 million and net income was $8.5 million.

Operating cash flow was $4.6 million, marking the company’s first positive fiscal first-quarter operating cash flow in nine years excluding a prior patent sale. BlackBerry ended the quarter with $422.9 million in cash and investments.

The company raised its full-year fiscal 2027 revenue guidance to a range of $594 million to $621 million, up from $584 million to $611 million. It also increased QNX annual revenue guidance to $295 million to $312 million, from $290 million to $307 million. Fiscal 2027 adjusted EBITDA guidance was set at $119 million to $139 million, with operating cash flow guidance around $100 million.

QNX revenue reached $72.3 million, up 26% year over year, while Secure Communications revenue rose 24% to $73.6 million. Both business units achieved Rule of 40 performance, a combined growth-plus-margin measure. BlackBerry described the results as demonstrating continued momentum following its transformation.

During the quarter, the company renewed its normal course issuer bid and repurchased 2.6 million shares for $10.0 million. The stronger quarter, raised outlook, and resumed buybacks reflect management’s focus on sustaining momentum in its software franchises while expanding margins and cash generation through fiscal 2027.