Key Points
BlackBerry's sales and profits are growing at an impressive clip.
The tech company is a key supplier to the automotive tech and robotics industries.
Shares of BlackBerry (NYSE: BB) rose sharply on Friday after the software specialist's earnings topped investors' expectations.
Image source: Getty Images.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks »
BlackBerry is now an AI play
BlackBerry's revenue jumped 26% year over year to $152.9 million in its fiscal 2027 first quarter, which ended on May 31.
The former smartphone maker now provides a secure, real-time operating system known as QNX that's used in fast-growing markets like automotive technology, industrial automation, medical devices, and robotics.
BlackBerry's QNX revenue climbed 26% to $72.3 million. The division is also becoming more profitable as it expands, with its adjusted gross margin improving by 5 percentage points to 86%.
"In QNX, we continue to benefit from the long-term trends we have discussed for several quarters, including software-defined vehicles, centralized compute, the general embedded market, and physical AI," CEO John Giamatteo said during a conference call with analysts.
All told, BlackBerry's adjusted net income soared 135% to $25.4 million, or $0.04 per share. That bested Wall Street's estimates, which had called for per-share profits of $0.03.
Management sees more growth ahead
BlackBerry guided for full-year revenue of $594 million to $621 million, with adjusted earnings per share of $0.16 to $0.20.
"Demand across our markets remains healthy," Giamatteo said. "Customer engagement is strong, our backlog continues to expand, giving us confidence in our outlook and in the disciplined execution that gets us there."
Should you buy stock in BlackBerry right now?
Before you buy stock in BlackBerry, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and BlackBerry wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $382,359!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,201,390!*
Now, it’s worth noting Stock Advisor’s total average return is 883% — a market-crushing outperformance compared to 205% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of June 26, 2026.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool recommends BlackBerry. The Motley Fool has a disclosure policy.
