BlackBerry shares jumped nearly 21% after the company reported first-quarter fiscal 2027 results that beat analyst expectations, driven by double-digit growth in its QNX automotive software and Secure Communications divisions. Revenue came in at $152.9 million, up 26% year over year and well above the consensus of $138.2 million, while adjusted earnings per share of $0.04 topped estimates of $0.03. Adjusted EBITDA surged 144% to $36.3 million, and the company achieved its first positive operating cash flow for a fiscal first quarter in nine years, excluding a patent sale, at $4.6 million. Both QNX and Secure Communications reached the Rule of 40 benchmark, with QNX revenue rising 26% to $72.3 million and Secure Communications revenue up 24% to $73.6 million. For the second quarter, BlackBerry guided for revenue of $137 million to $148 million and adjusted EBITDA of $20 million to $30 million, while full-year guidance calls for revenue of $594 million to $621 million and adjusted EBITDA of $119 million to $139 million.
BlackBerry LtdQ1 results beat estimates on revenue and EPS, with strong growth in QNX and Secure Communications, and positive operating cash flow.