BlackBerry Q1 Revenue Jumps 26% to $152.9M, EPS Beats, Cash Flow Turns Positive
BB•BlackBerry posted fiscal Q1 2027 adjusted EPS of $0.04, beating the $0.03 consensus, and revenue rose 26% year-over-year to $152.9 million versus $133.85 million expected. It generated $4.6 million in operating cash flow—the first positive Q1 in nine years—delivered $36.3 million EBITDA up 144%, repurchased 2.6 million shares for $10 million, and held $422.9 million cash.
1. Q1 Financial Beats
In fiscal Q1 2027 BlackBerry delivered adjusted EPS of $0.04, outperforming the $0.03 consensus, and recorded $152.9 million in revenue, up 26% year-over-year.
2. Profitability and Cash Flow
The company generated $4.6 million in operating cash flow—the first positive Q1 in nine years—and reported adjusted EBITDA of $36.3 million, a 144% increase, with both QNX and Secure Communications segments achieving Rule of 40 performance.
3. Share Repurchase and Cash Position
During the quarter BlackBerry repurchased 2.6 million shares for $10 million and ended with $422.9 million in cash and investments, strengthening its balance sheet.
4. Forward Guidance
For Q2 fiscal 2027 BlackBerry forecasts revenue of $137–$148 million and adjusted EPS of $0.03–$0.04, while full-year revenue guidance sits at $594–$621 million with EPS of $0.16–$0.20 and approximately $100 million in operating cash flow.
