BlackBerry (NYSE:BB) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• BlackBerry reported earnings of $0.03 per share for the latest quarter, surpassing estimates of $0.01 by $0.02.
• The company has revised its Q3 and FY 2026 guidance, now expecting EPS of 0.020-0.040 for Q3 and 0.110-0.15 for FY 2026.
• There was significant institutional investor activity, with MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increasing its stake by 1,390.6% in the last quarter.

BlackBerry (NYSE:BB - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.03, Briefing.com reports. The firm had revenue of $130.96 million for the quarter, compared to analyst estimates of $122.03 million. BlackBerry had a positive return on equity of 2.29% and a negative net margin of 6.44%.BlackBerry's quarterly revenue was down 10.6% on a year-over-year basis. BlackBerry updated its Q3 2026 guidance to 0.020-0.040 EPS and its FY 2026 guidance to 0.110-0.15 EPS.

BlackBerry Stock Performance

NYSE:BB opened at $4.65 on Friday. The stock has a 50-day simple moving average of $3.86 and a two-hundred day simple moving average of $3.88. BlackBerry has a 52-week low of $2.24 and a 52-week high of $6.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market capitalization of $2.74 billion, a PE ratio of -77.42 and a beta of 1.49.

Insider Transactions at BlackBerry

In other BlackBerry news, CEO John Joseph Giamatteo sold 26,998 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $4.32, for a total transaction of $116,631.36. Following the completion of the sale, the chief executive officer owned 530,135 shares of the company's stock, valued at approximately $2,290,183.20. The trade was a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 42,200 shares of company stock worth $182,385 over the last three months. Insiders own 0.37% of the company's stock.

Hedge Funds Weigh In On BlackBerry

A number of hedge funds have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co boosted its stake in shares of BlackBerry by 7.0% in the second quarter. CANADA LIFE ASSURANCE Co now owns 249,486 shares of the company's stock worth $1,143,000 after acquiring an additional 16,218 shares during the period. Vident Advisory LLC boosted its stake in shares of BlackBerry by 46.8% in the second quarter. Vident Advisory LLC now owns 1,735,789 shares of the company's stock worth $7,950,000 after acquiring an additional 553,755 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of BlackBerry by 31.5% in the second quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company's stock worth $67,000 after acquiring an additional 3,500 shares during the period. Brevan Howard Capital Management LP bought a new position in shares of BlackBerry in the second quarter worth about $379,000. Finally, Bank of America Corp DE boosted its stake in shares of BlackBerry by 183.6% in the second quarter. Bank of America Corp DE now owns 4,604,205 shares of the company's stock worth $21,087,000 after acquiring an additional 2,980,732 shares during the period. Institutional investors own 54.48% of the company's stock.

Analyst Ratings Changes

BB has been the topic of several research reports. Robert W. Baird lifted their price target on BlackBerry from $4.00 to $5.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. CIBC restated an "outperform" rating on shares of BlackBerry in a research note on Tuesday, June 24th. Wall Street Zen cut BlackBerry from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Royal Bank Of Canada set a $4.00 price target on BlackBerry and gave the stock a "sector perform" rating in a research note on Monday. Finally, Canaccord Genuity Group boosted their price target on BlackBerry from $4.25 to $4.60 and gave the stock a "hold" rating in a research note on Tuesday, June 24th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $4.60.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.