BlackBerry Limited Q1 Fiscal 2027 Results
BlackBerry Limited (NYSE: BB, TSX: BB) announced its first‑quarter fiscal 2027 financial performance, delivering results that exceeded analyst expectations. Adjusted earnings per share were $0.04, beating the consensus estimate of $0.03. Revenue for the quarter totaled $152.9 million, representing a 26% year‑over‑year increase and surpassing the $133.85 million forecast.
Adjusted EBITDA climbed to $36.3 million, a 144% increase from the prior year quarter. Both the QNX and Secure Communications segments met the Rule of 40 performance metric. The company generated $4.6 million of operating cash flow, marking its first fiscal first‑quarter of positive operating cash flow in nine years. GAAP net income was $8.5 million, constituting the fifth consecutive quarter of profitability.
During the quarter, BlackBerry repurchased 2.6 million shares for $10.0 million. The balance sheet ended with $422.9 million in cash and investments.
CEO John J. Giamatteo stated that the results demonstrate continued momentum following the company’s transformation and highlighted the contributions of the QNX and Secure Communications teams.
Outlook
For the second quarter of fiscal 2027, BlackBerry projects adjusted EPS in the range of $0.03‑$0.04, with a midpoint of $0.035, slightly below the consensus estimate of $0.04. Revenue guidance for the quarter is $137‑$148 million, with a midpoint of $142.5 million, marginally above the consensus of $140.8 million.
Full‑year fiscal 2027 guidance includes adjusted EPS of $0.16‑$0.20, midpoint $0.18, matching consensus expectations, and revenue of $594‑$621 million, midpoint $607.5 million, modestly above the consensus estimate of $601.9 million. The company anticipates approximately $100 million of operating cash flow for the full fiscal year.