TLDR
- BlackBerry posted fiscal Q2 earnings of $0.07 per share, beating estimates of $0.04.
- Revenue came in at $163.3 million, topping the $142.5 million analysts expected.
- Sales grew 26% from a year ago, helped by its QNX auto software business.
- Forward guidance for Q3 and full-year fiscal 2027 came in below Wall Street’s numbers.
- BB stock dropped about 4% following the report, though it’s still up over 100% in 2026.
BlackBerry stock (BB) fell close to 4% after the company released its fiscal second-quarter results. The drop came despite the company beating both earnings and revenue estimates.
The Canadian firm reported earnings per share of $0.07, well above the $0.04 analysts had penciled in. That marked an earnings surprise of 75%.
Revenue for the quarter came in at $163.3 million. That topped the consensus estimate of $142.5 million and was up 26% from the same period last year.
BLACKBERRY $BB Q2’27 EARNINGS HIGHLIGHTS
🔹 Revenue: $163.3M (Est. $146M) 🟢; +26% YoY
🔹 Adj. EPS: $0.07 (Est. $0.04) 🟢; +75% YoY
🔹 GAAP EPS: $0.06
🔹 Adj. EBITDA: $47.0M (Est. $28.1M) 🟢; +81% YoYFY27 Guide:
🔹 Revenue: $616M-$636M (Est. $615M) 🟢
🔹 Adj. EBITDA:… pic.twitter.com/DvCoXBmzz2— Wall St Engine (@wallstengine) September 24, 2026
BlackBerry has spent more than a decade moving away from its old smartphone business. It now focuses on software for cars and Internet of Things devices.
QNX Keeps Growing
The company’s QNX operating system is a big part of that shift. It’s now embedded in 275 million vehicles worldwide, giving automakers a base to build new features on.
Management said this growth in automotive adoption is driving the sales gains investors are seeing. More car makers are turning to BlackBerry’s platform for self-driving and connected features.
That part of the story was well received. What spooked investors was the outlook for the months ahead.
Guidance Falls Short
BlackBerry expects fiscal third-quarter revenue of $149 million and earnings of $33 million. Wall Street had been looking for $148 million in sales and $34 million in profit, so the numbers were close but slightly light on the bottom line.
For the full 2027 fiscal year, the company guided to revenue of $626 million and earnings of $150 million. Analysts had forecast $612 million in revenue and $138 million in earnings.
Even with revenue guidance coming in ahead of estimates, the mixed picture was enough to send the stock lower in early trading. That’s a familiar pattern for BlackBerry, where reactions can swing quickly.
The stock has been a favorite among retail traders for years, largely due to its heavy short position. There have been several short squeezes in the past that pushed the price up fast, only for it to fall back down soon after.
This year has looked different. The rally has held up for months rather than fading in days.
BB stock has climbed roughly 117% since the start of 2026. That compares with a gain of about 13% for the S&P 500 over the same stretch.
Wall Street still leans positive on the name. Seven analysts cover the stock, with two Buy ratings and five Hold ratings, adding up to a consensus Moderate Buy.
The average price target sits at $10.47. That would mark an increase of nearly 30% from current levels if it’s reached.
One peer in the same software space, Penguin Solutions (PENG), has yet to report its own results for the quarter ended in August. That report is expected on October 6, with analysts looking for earnings of $0.75 per share and revenue of $512.5 million.
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