BlackBerry reported Q1 fiscal 2027 revenue of $153 million, exceeding analyst estimates. The company's shares rose 8% in premarket trading after raising its annual revenue forecast. BlackBerry achieved a 144% year-over-year growth in adjusted EBITDA and a GAAP operating income of about $15 million. On June 26, BlackBerry reported revenue of $157.33 million, up 26% year-over-year, prompting RBC Capital to raise its price target to $9.00. On July 1, BlackBerry reported better-than-expected Q1 results, driving a 22% surge in its stock.
