BlackBerry (NYSE:BB) Releases Q3 2026 Earnings Guidance

Key Points

• BlackBerry provided Q3 2026 earnings guidance of $0.020 to $0.040 per share, slightly above the consensus estimate of $0.030, while revenue is forecasted to be between $132 million and $140 million, below the consensus of $138.4 million.
• The company updated its FY 2026 EPS guidance to $0.110 to $0.150, with analysts predicting a loss of $0.030 EPS for the current fiscal year.
• As of Thursday, BlackBerry's stock rose 0.4% to $4.29, with the company maintaining a market cap of $2.53 billion and a P/E ratio of -71.42.

BlackBerry (NYSE:BB - Get Free Report) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.020-0.040 for the period, compared to the consensus earnings per share estimate of 0.030. The company issued revenue guidance of $132.0 million-$140.0 million, compared to the consensus revenue estimate of $138.4 million. BlackBerry also updated its FY 2026 guidance to 0.110-0.15 EPS.

BlackBerry Stock Up 0.4%

Shares of NYSE:BB opened at $4.29 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.10 and a current ratio of 2.10. BlackBerry has a 52-week low of $2.24 and a 52-week high of $6.24. The business's 50 day simple moving average is $3.85 and its two-hundred day simple moving average is $3.88. The firm has a market cap of $2.53 billion, a P/E ratio of -71.42 and a beta of 1.49.

BlackBerry (NYSE:BB - Get Free Report) last issued its earnings results on Tuesday, June 24th. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.03. BlackBerry had a positive return on equity of 2.29% and a negative net margin of 6.44%.The company had revenue of $121.26 million for the quarter, compared to analyst estimates of $112.18 million. During the same period in the prior year, the firm earned ($0.03) earnings per share. BlackBerry's revenue for the quarter was down 15.5% on a year-over-year basis. As a group, research analysts forecast that BlackBerry will post -0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BB. Canaccord Genuity Group upped their target price on shares of BlackBerry from $4.25 to $4.60 and gave the stock a "hold" rating in a report on Tuesday, June 24th. Robert W. Baird increased their price objective on BlackBerry from $4.00 to $5.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Wall Street Zen lowered BlackBerry from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. CIBC reaffirmed an "outperform" rating on shares of BlackBerry in a research report on Tuesday, June 24th. Finally, Royal Bank Of Canada set a $4.00 price target on BlackBerry and gave the stock a "sector perform" rating in a report on Monday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $4.60.

Insider Activity

In other news, CEO John Joseph Giamatteo sold 26,998 shares of the firm's stock in a transaction on 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 directly owned 530,135 shares of the company's stock, valued at $2,290,183.20. This trade represents a 4.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 42,200 shares of company stock valued at $182,385 over the last three months. Corporate insiders own 0.37% of the company's stock.

Hedge Funds Weigh In On BlackBerry

Several institutional investors have recently bought and sold shares of the company. Benjamin Edwards Inc. lifted its position in shares of BlackBerry by 31.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company's stock valued at $67,000 after buying an additional 3,500 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of BlackBerry during the 2nd quarter valued at $86,000. Creative Planning lifted its holdings in BlackBerry by 87.5% during the 2nd quarter. Creative Planning now owns 53,413 shares of the company's stock worth $245,000 after purchasing an additional 24,921 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in BlackBerry in the 2nd quarter worth about $379,000. Finally, Bayesian Capital Management LP bought a new position in BlackBerry in the 2nd quarter worth about $879,000. Hedge funds and other institutional investors own 54.48% of the company's stock.

About BlackBerry

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.

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