BlackBerry (NYSE:BB) Releases Q2 2027 Earnings Guidance

BlackBerry (NYSE:BB) updated its second quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.030-0.040 for the period, compared to the consensus earnings per share estimate of 0.040. The company issued revenue guidance of $137.0 million-$148.0 million, compared to the consensus revenue estimate of $139.4 million. BlackBerry also updated its FY 2027 guidance to 0.160-0.200 EPS.

Wall Street Analysts Forecast Growth

BB has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Raymond James Financial restated a “market perform” rating and set a $9.50 price objective (up from $4.75) on shares of BlackBerry in a research note on Friday. TD Securities reissued a “hold” rating and issued a $8.00 price objective on shares of BlackBerry in a report on Friday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $9.00 price target on shares of BlackBerry in a research note on Friday. Finally, Canaccord Genuity Group set a $10.30 price objective on BlackBerry in a research note on Friday. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, BlackBerry has a consensus rating of “Hold” and a consensus price target of $8.92.

BlackBerry Price Performance

Shares of BB opened at $11.36 on Friday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $7.52 and a 200-day moving average of $5.02. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 126.21 and a beta of 2.29. BlackBerry has a 52 week low of $3.12 and a 52 week high of $11.49.

BlackBerry (NYSE:BB) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $152.90 million during the quarter, compared to analyst estimates of $139.81 million. BlackBerry had a return on equity of 11.72% and a net margin of 10.31%.The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. As a group, analysts forecast that BlackBerry will post 0.14 EPS for the current year.

Insider Activity

In related news, CEO John Joseph Giamatteo sold 27,066 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total transaction of $96,354.96. Following the completion of the sale, the chief executive officer directly owned 899,146 shares of the company’s stock, valued at approximately $3,200,959.76. This represents a 2.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock in a transaction dated Saturday, April 4th. The shares were sold at an average price of $3.56, for a total value of $106,472.48. Following the completion of the sale, the senior vice president directly owned 94,903 shares in the company, valued at approximately $337,854.68. This represents a 23.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 73,171 shares of company stock valued at $260,489 over the last three months. 0.51% of the stock is currently owned by insiders.

BlackBerry News Summary

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: BlackBerry beat fiscal Q1 expectations on both EPS and revenue, with revenue up 26% year over year and adjusted EPS above estimates, signaling improving operating momentum. BlackBerry Reports First Quarter Fiscal Year 2027 Results
• Positive Sentiment: The company raised its FY2027 guidance, with management citing strength in QNX and Secure Communications, which supports confidence in continued growth and profitability. BlackBerry Q1 Earnings Call Highlights QNX Growth & Higher Outlook
• Positive Sentiment: QNX remains a key driver, with strong automotive embedded-software growth and expanding AI-related opportunities helping investors re-rate the stock higher. BlackBerry Sees New AI Opportunities as Embedded-Software Business Accelerates
• Positive Sentiment: Brokerage sentiment improved after the results, with CIBC raising its price target and maintaining an outperformer rating, while TD also lifted its target despite a hold rating. Analyst target update
• Neutral Sentiment: BlackBerry also reported its first cash-positive quarter in nine years, a milestone that supports the turnaround story but may take time to flow through to valuation.
• Negative Sentiment: TD’s new $8 price target is still well below the current trading level, implying meaningful downside if the stock’s post-earnings optimism fades. BayStreet.CA analyst ratings

Hedge Funds Weigh In On BlackBerry

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State of Wisconsin Investment Board bought a new position in shares of BlackBerry during the fourth quarter worth about $54,000. AQR Capital Management LLC bought a new position in shares of BlackBerry in the fourth quarter valued at approximately $55,000. NewEdge Advisors LLC lifted its stake in BlackBerry by 2,349.1% during the 3rd quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock valued at $57,000 after acquiring an additional 11,205 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of BlackBerry by 31.5% in the second quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock valued at $67,000 after purchasing an additional 3,500 shares during the last quarter. Finally, State of Wyoming purchased a new stake in BlackBerry in the 4th quarter valued at about $72,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

About BlackBerry

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.