BlackBerry Guides 2027 Revenue of $594M–621M After Q1 Beats Estimates
BB•BlackBerry reported Q1 revenue of $152.9 million, up 26% year-on-year, and adjusted EPS of $0.04, beating consensus by one cent. It guided fiscal 2027 revenue of $594–621 million and EPS of $0.16–0.20, with midpoints above estimates, driving shares up nearly 27% over two sessions.
1. Q1 Results Exceed Expectations
BlackBerry reported Q1 revenue of $152.9 million, a 26% increase year-on-year, and delivered adjusted EPS of $0.04, one cent above consensus. Shares rose nearly 7% on the day and have gained about 27% over two sessions following the results.
2. Full-Year Outlook Raised
The company projects fiscal 2027 revenue between $594 million and $621 million and adjusted EPS of $0.16 to $0.20, with midpoints surpassing Wall Street forecasts. Management highlighted operating efficiency and strong cash flow as key factors underpinning the raised guidance.
3. Niche Growth Platforms Drive Momentum
Its QNX software platform powers over 275 million vehicles globally and is expanding into robotics, medical devices and industrial automation. The Secured Communications unit, focused on financial institutions and government, offers a growing niche runway supported by BlackBerry’s core cybersecurity technology.
