BlackBerry Lifts Annual Revenue Forecast as QNX Unit Powers Growth
BlackBerry cited stronger QNX demand and secure communications gains after first-quarter revenue rose 26% to $152.9 million.
- On Thursday, BlackBerry raised its annual revenue forecast to between $594 million and $621 million, citing continued QNX momentum that sent U.S.-listed shares up around 8 per cent in premarket trading.
- Following completion of two-plus years of restructuring, BlackBerry refocused on its QNX embedded software platform and secure communications division to drive growth across automotive and enterprise markets.
- QNX revenue surged nearly 26 per cent to $72.3 million in the first quarter ending May 31, while total company revenue reached $152.9 million, with QNX maintaining a backlog of almost $1 billion.
- Stifel analyst Suthan Sukumar initiated coverage on BlackBerry Wednesday with a Buy rating and $12 price target, describing the company as a "mission-critical software" layer for the physical AI stack.
- CEO John Giamatteo expects healthy demand for next-generation software-defined vehicles, positioning BlackBerry as a key partner to silicon leaders like NVIDIA and Qualcomm for robotics and medical devices.
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Stock Market Today, June 25: BlackBerry Surges After Earnings Beat and Revenue Tops Estimates
BlackBerry (NYSE:BB), a security software and embedded systems provider, closed at $10.32, up 19.72%. Shares rose after first-quarter fiscal 2027 results showed an earnings beat and revenue above estimates. Investors are watching QNX’s momentum and updated fiscal 2027 revenue guidance. Trading volume reached 70.2M shares, coming in about 140% above its three-month average of 29.2M shares. BlackBerry IPO'd in 1999 and has grown 438% since going p…
BlackBerry announced a profit of 8.5 million US in the first quarter, compared to 1.9 million US in the same quarter of last year, thanks to a 26% increase in its turnover.
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CP24BlackBerry lifts annual revenue forecast as QNX unit powers growth
June 25 : BlackBerry raised its annual revenue forecast on Thursday, betting on continued momentum for its QNX division following the completion of its turnaround efforts, sending its U.S.-listed shares up around 8 per cent in premarket trading.Once a powerhouse in the smartphone industry, BlackBerry has shif
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