BlackBerry Beats Q1 Estimates on Cybersecurity and QNX Growth

Key Facts

1BlackBerry reported Q1 fiscal 2027 revenue of approximately $153 million, above analyst estimates of $139.81 million.

2BlackBerry shares rose 8% in premarket trading after raising its annual revenue forecast.

3BlackBerry reported 144% year-over-year growth in adjusted EBITDA and GAAP operating income of about $15 million.

After years of pivoting away from smartphones, BlackBerry has demonstrated the success of its software-centric strategy. The company reported Q1 fiscal 2027 revenue of $153 million, beating analyst estimates of $139.81 million, according to Reuters. BlackBerry also raised its annual revenue forecast, sending shares up 8% in premarket trading.

The strong performance was driven by its cybersecurity and QNX embedded software divisions. On an adjusted basis, EBITDA surged 144% year over year, and GAAP operating income reached about $15 million, per The Wall Street Journal. BB closed at $8.82 on June 23, 2026, with a session high of $8.98 and low of $8.49, according to market data.

Traders are now watching whether BlackBerry can sustain its momentum amid new AI opportunities. The $8.98 level acts as near-term resistance, while a break below $8.49 could retest prior support. Upcoming quarterly results and updates on QNX contract wins remain the key catalysts for shareholders.