Stock Market Live July 2, 2026: S&P 500 (SPY) Flat with New Jobs Data
Q2 26 EPS
$0.04
BEAT +185.71%
Est. $0.01
Q2 26 Revenue
$129.6M
BEAT +6.20%
Est. $122.0M
vs S&P Since Q2 26
+141.4%
BEATING MARKET
BB +154.4% vs S&P +12.9%
Market Reaction
Did BB Beat Earnings? Q2 2026 Results
BlackBerry posted a decisive earnings beat in its second quarter of fiscal year 2026, with non-GAAP EPS of $0.04 coming in well ahead of the $0.01 consensus, a 185.71% positive surprise, while revenue of $129.60 million topped estimates of $122.03 mi… Read more BlackBerry posted a decisive earnings beat in its second quarter of fiscal year 2026, with non-GAAP EPS of $0.04 coming in well ahead of the $0.01 consensus, a 185.71% positive surprise, while revenue of $129.60 million topped estimates of $122.03 million by 6.20% and grew 2.7% year-over-year, marking the company's second consecutive quarter of GAAP profitability. The standout driver was BlackBerry's QNX division, which delivered $63.10 million in revenue, up 15% year-over-year, and achieved a "Rule of 40" quarter, with the unit's momentum reinforced by the general availability of the NVIDIA DRIVE AGX Thor development kit integrated with QNX OS for Safety 8. Total adjusted gross margins expanded four percentage points year-over-year to approximately 75%, while operating cash flow swung positive to $3.40 million from negative $16.00 million a year ago, a leaner cost structure paying off. Management raised its full-year FY2026 revenue guidance to $519–541 million and lifted adjusted EBITDA guidance to $82–101 million, reflecting growing confidence in both core divisions.
Key Takeaways
- • QNX division achieved 'Rule of 40' quarter with 15% YoY revenue growth and 32% adjusted EBITDA margin
- • Total company GAAP and adjusted gross margin expanded 4 percentage points year-over-year to 75%
- • Operating expenses reduced year-over-year from $86.4 million to $85.1 million
- • Secure Communications ARR increased YoY and sequentially to $213 million
- • Secure Communications adjusted gross margin expanded 5 percentage points YoY to 66%
BB YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
BB Revenue by Segment
With YoY comparisons, source: SEC Filings
“BlackBerry delivered year-over-year revenue growth and expanded gross margins while reducing operating expenses. This combination ensured strong profitability in the second quarter, beating expectations and achieving a second consecutive quarter of GAAP profitability.”
— John J. Giamatteo, Q2 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% |