BlackBerry stock gained 1.31 percent after strong Q2 results

Published on 10/05/2026 at 12:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BlackBerry stock reported USD 163.3 million in Q2 revenue on September 24, 2026, with QNX sales up 27 percent. Full-year revenue guidance rose to USD 616 million to USD 636 million.

BB, CA09228F1036, Illustration mit AI erstellt.

BlackBerry stock (ISIN CA09228F1036) was last at USD 9.30 on the NYSE on October 2, 2026, up 1.31 percent from the previous close. The move followed fiscal second-quarter results that showed revenue of USD 163.3 million, a 26 percent year-over-year increase, according to Nasdaq on September 24, 2026.

QNX drives the earnings beat

QNX supplied the central growth signal. Revenue from the automotive and embedded software unit rose 27 percent year over year to USD 80.3 million in the quarter ended August 31, 2026, while its adjusted gross margin reached 87 percent, according to Nasdaq.

BlackBerry also delivered adjusted EBITDA of USD 47.0 million, up 81 percent from the prior-year quarter. GAAP net income reached USD 33.9 million, compared with USD 13.3 million a year earlier, while adjusted basic earnings per share was USD 0.07, according to Nasdaq.

Guidance rises as security lags

Management raised fiscal 2027 revenue guidance to USD 616 million to USD 636 million from USD 594 million to USD 621 million. The company also guided to adjusted EBITDA of USD 141 million to USD 158 million, while third-quarter revenue guidance was set at USD 143 million to USD 154 million.

The growth is uneven across the portfolio. Secure Communications revenue increased 2 percent to USD 60.9 million, but its adjusted EBITDA fell 18 percent to USD 8.0 million and its adjusted gross margin declined to 61 percent in the August 31, 2026 quarter, according to Nasdaq. That contrast makes QNX execution and government deal timing the key operating variables for the updated outlook.

Analysts see limited upside

According to MarketBeat on October 2, 2026, 10 analysts held a consensus rating of Hold, with eight Hold ratings and two Buy ratings. The average price target was USD 9.25, placing it 0.5 percent below the USD 9.30 share price.

Canaccord lowered its price target to USD 9.50 from USD 10.30 while maintaining a Hold rating on September 25, 2026, as Markets Insider reported.

BlackBerry stock remains below its high

BlackBerry stock was last at USD 9.30 on the NYSE on October 2, 2026, with volume of 16,921,343 shares. Its 52-week range was USD 3.12 to USD 13.59, and market capitalization was USD 5.5 billion.