BlackBerry shares surged over 7% premarket after reporting first quarter fiscal 2027 results that beat analyst expectations. Adjusted earnings per share came in at $0.04, exceeding the consensus estimate of $0.03, while revenue of $152.9 million surpassed the $133.85 million estimate, marking a 26% year-over-year increase. The company achieved its first fiscal first quarter of positive operating cash flow in nine years, generating $4.6 million, and posted adjusted EBITDA of $36.3 million, up 144% year-over-year. BlackBerry also reported GAAP net income of $8.5 million, its fifth consecutive quarter of profitability, and repurchased 2.6 million shares for $10.0 million during the quarter. For the second quarter, the company expects adjusted EPS of $0.03 to $0.04 and revenue of $137 million to $148 million, while full-year guidance projects adjusted EPS of $0.16 to $0.20 and revenue of $594 million to $621 million.
BlackBerry LtdBlackBerry beat earnings estimates, reported strong cash flow, and provided guidance, driving shares up.