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BlackBerry Surges 22% on Q1 Earnings Beat, Raises Guidance
BlackBerry reported better-than-expected Q1 fiscal 2027 results, driving a 22% stock surge as the company raised its full-year outlook.
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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.
BlackBerry reported better-than-expected Q1 fiscal 2027 results, driving a 22% stock surge as the company raised its full-year outlook.
Read the full storyRBC Capital raised its price target on BlackBerry to $9.00 after the company reported a 26% year-over-year revenue jump, signaling a successful turnaround.
Revenue of $153 million beat consensus of $139.81 million, driving an 8% premarket surge, as BlackBerry raised its full-year outlook.