BlackBerry Stock Is Surging. Can It Still Go Higher?
Shares of the former smartphone giant have surged more than 70% in the past month alone, sparking excitement that it might be becoming a meme stock once again. The stock hasn’t seen these levels since February 2025. But is this just another retail-driven hype train, or is there a genuine fundamental shift happening under the hood?
If you look at the company’s recent earnings report, there is plenty of substance to justify the optimism. BlackBerry released its fourth-quarter results for fiscal 2026 in early April, delivering an impressive 10% year-over-year revenue increase to hit $156 million. This marks a vital return to top-line growth for the full fiscal year. Furthermore, the company generated a solid $45.6 million in operating cash flow and recorded its eighth consecutive quarter of improvement in its bottom line.
The real star of the show, however, is BlackBerry’s QNX software division. QNX posted record quarterly revenue of $78.7 million, jumping 20% year-over-year. The division even achieved the prestigious "Rule of 40," a key profitability and growth metric for software companies.
CEO John J. Giamatteo has recently made it very clear that BlackBerry is no longer a company in transition, but rather a profitable growth engine. There is some risk with the stock and it can be unpredictable and volatile, but it may still have more room to run given its recent results and the strong momentum.
