BlackBerry (NYSE:BB) Updates FY 2026 Earnings Guidance

Key Points

• BlackBerry has updated its FY 2026 earnings guidance, projecting EPS between 0.110-0.15, which exceeds the consensus EPS estimate of 0.080.
• The company also lowered its revenue guidance to $519.0 million-$541.0 million, slightly below the consensus estimate of $522.0 million.
• In its recent quarterly earnings, BlackBerry reported an EPS of $0.02, surpassing analysts' estimates, although revenue fell 15.5% year-over-year to $121.26 million.

BlackBerry (NYSE:BB - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 0.110-0.15 for the period, compared to the consensus EPS estimate of 0.080. The company issued revenue guidance of $519.0 million-$541.0 million, compared to the consensus revenue estimate of $522.0 million. BlackBerry also updated its Q3 2026 guidance to 0.020-0.040 EPS.

BlackBerry Price Performance

Shares of NYSE BB opened at $4.29 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.10 and a quick ratio of 2.10. The company has a market cap of $2.53 billion, a price-to-earnings ratio of -71.42 and a beta of 1.49. The stock's 50-day moving average is $3.85 and its two-hundred day moving average is $3.88. BlackBerry has a 1-year low of $2.24 and a 1-year high of $6.24.

BlackBerry (NYSE:BB - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The company reported $0.02 EPS 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 business had revenue of $121.26 million during the quarter, compared to the consensus estimate of $112.18 million. During the same period in the previous year, the company posted ($0.03) earnings per share. The business's revenue for the quarter was down 15.5% on a year-over-year basis. Analysts forecast that BlackBerry will post -0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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

Institutional Trading of BlackBerry

Large investors have recently bought and sold shares of the company. Benjamin Edwards Inc. increased its position in shares of BlackBerry by 31.5% in the second 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 in the last quarter. Flow Traders U.S. LLC acquired a new position in BlackBerry during the second quarter worth about $86,000. Creative Planning lifted its holdings in shares of BlackBerry by 87.5% in the second quarter. Creative Planning now owns 53,413 shares of the company's stock valued at $245,000 after purchasing an additional 24,921 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of BlackBerry during the 2nd quarter worth approximately $379,000. Finally, Bayesian Capital Management LP acquired a new stake in BlackBerry during the 2nd quarter valued at $879,000. Institutional investors and hedge funds 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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