Stock Market Live July 2, 2026: S&P 500 (SPY) Flat with New Jobs Data
Q1 26 EPS
$0.02
BEAT +669.23%
Est. $0.00
Q1 26 Revenue
$121.7M
BEAT +8.48%
Est. $112.2M
vs S&P Since Q1 26
+122.1%
BEATING MARKET
BB +144.5% vs S&P +22.4%
Market Reaction
Did BB Beat Earnings? Q1 2026 Results
BlackBerry delivered a standout first quarter for fiscal 2026, posting earnings of $0.02 per share against a consensus estimate of just $0.00, a beat of 669.23%, while revenue of $121.70 million topped the $112.18 million estimate by 8.48%, even as t… Read more BlackBerry delivered a standout first quarter for fiscal 2026, posting earnings of $0.02 per share against a consensus estimate of just $0.00, a beat of 669.23%, while revenue of $121.70 million topped the $112.18 million estimate by 8.48%, even as the top line slipped 1.4% from a year ago. The headline story, however, was profitability: the company recorded GAAP net income of $1.90 million, its first quarterly profit since Q4 FY2022, compared to a net loss of $41.40 million in the year-ago period, driven largely by a meaningful pullback in operating expenses to $88.30 million from $102.90 million. The QNX embedded software division was a key engine, growing revenue 8% year-over-year to $57.50 million with an 81% adjusted gross margin, while Secure Communications also beat guidance despite some revenue softness. Leaner cost discipline proved central to the turnaround. Looking ahead, BlackBerry guided full-year revenue of $508–$538 million and non-GAAP EPS of $0.08–$0.10, though management flagged potential headwinds from U.S. Tariffs affecting the automotive market.
Key Takeaways
- • QNX revenue grew 8% year-over-year driven by embedded software adoption in automotive
- • Secure Communications adjusted gross margin improved 4 percentage points year-over-year to 70%
- • Operating expenses decreased significantly from $102.9M to $88.3M year-over-year
- • Total company adjusted EBITDA margin expanded to 13.5% from 8.5% year-over-year
- • GAAP profitability achieved for the first time since Q4 FY22
BB YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
BB Revenue by Segment
With YoY comparisons, source: SEC Filings
“BlackBerry made a strong start to the new fiscal year, building on the solid foundation we as a company have laid over the past year. Both our QNX and Secure Communications divisions continue to execute effectively against their strategies, beating both top line and profitability expectations. BlackBerry's solid balance sheet and plan for continuing profitability and cash generation this fiscal year enable us to allocate capital efficiently, with $10 million of share buybacks executed this past quarter.”
— John J. Giamatteo, Q1 2026 Earnings Press Release
BB Earnings Trends
BB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BB EPS Trend
Earnings per share: estimate vs actual
BB Revenue Trend
Quarterly revenue: estimate vs actual
BB Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $0.03 | $0.04 | +53.85% | $152.9M | +10.87% |
| Q4 26 BEAT FY | $0.04 | $0.06 | +38.57% | $156.0M | +7.92% |
| FY Full Year | $0.15 | $0.16 | +9.81% | $549.1M | +2.18% |
| Q3 26 BEAT | $0.04 | $0.05 | +36.24% | $141.8M | +3.10% |
| Q2 26 BEAT | $0.01 | $0.04 | +185.71% | $129.6M | +6.20% |
| Q1 26 BEAT | $0.00 | $0.02 | +669.23% | $121.7M | +8.48% |
| Q4 25 BEAT FY | $0.00 | $0.03 | +710.81% | $141.7M | +6.70% |
| FY Full Year | $0.01 | $0.02 | +150.00% | $534.9M | -3.48% |