BlackBerry Shares Surge 14.7% in Premarket Trading Following Q1 Earnings

BlackBerry's Q1 earnings beat estimates, with a net loss of $4.4 million and revenue of $121.7 million. The company raised its FY26 revenue guidance to $508-538 million. Shares rose 14.7% in pre-market trading. Other stocks moving in pre-market trading include NaaS Technology, QuantumScape Corporation, and Worthington Enterprises.

BlackBerry Limited (BB) reported robust first-quarter fiscal year 2026 (FY26) earnings, exceeding estimates and signaling a strong start to the year. The company's Q1 revenue reached $121.7 million, adjusted EBITDA was $16.4 million, and non-GAAP earnings per share (EPS) came in at $0.02. Notably, the company achieved GAAP profitability for the first time since Q4 FY22, with a net income of $1.9 million [3].

CEO John Joseph Giamatteo highlighted the company's performance, stating, "We made a very solid start to fiscal year 2026 with our results beating the top end of guidance almost entirely across the board" [1]. Key revenue drivers included QNX, which saw an 8% year-over-year (YoY) growth to $57.5 million, and Secure Communications, which hit $59.5 million. The company also initiated a $100 million share buyback program, repurchasing $10 million in shares during the quarter [1].

BlackBerry raised its full-year revenue guidance for FY26 to $508 million–$538 million, with adjusted EBITDA expected to range from $72 million to $87 million. The company's outlook for Q2 was more cautious, with QNX revenue expected to range from $55 million to $60 million and adjusted EBITDA from $10 million to $13 million. For Secure Communications, Q2 revenue was expected to range from $54 million to $59 million, and adjusted EBITDA from $3 million to $6 million [1].

The company's strong balance sheet, with $382 million in cash and investments at the end of the quarter, underscored its financial health [3]. Management's tone was confident, with Giamatteo emphasizing the company's strategy to expand QNX's diversification beyond automotive and integrate middleware solutions [1].

Shares of BlackBerry rose 14.7% in pre-market trading following the earnings report. Other notable movements in pre-market trading included NaaS Technology (NASDAQ:NAAS), which received a Nasdaq non-compliance notification regarding its minimum market value of listing securities [2]. QuantumScape Corporation (QS) and Worthington Enterprises (WOR) also saw significant movements in their share prices.

References:
[1] https://seekingalpha.com/news/4461928-blackberry-signals-508m-538m-revenue-target-for-fy26-as-qnx-and-secure-communications-drive
[2] https://seekingalpha.com/news/4460447-naas-technology-receives-nasdaq-non-compliance-notification
[3] https://www.stocktitan.net/news/BB/black-berry-reports-first-quarter-fiscal-year-2026-2dmucl32fbtr.html