earnings
confidence high
sentiment positive
materiality 0.85
BlackBerry Q1 FY27 revenue up 26% to $153M; first positive Q1 operating cash flow in 9 years
BLACKBERRY Ltd
- Revenue $152.9M (+26% YoY); adjusted EBITDA $36.3M (+144% YoY); GAAP net income $8.5M (fifth consecutive positive quarter).
- QNX revenue $72.3M (+26% YoY); Secure Communications revenue $73.6M (+24% YoY); both segments achieved Rule of 40.
- Adjusted EPS $0.04 vs expectations; GAAP EPS $0.01; operating cash flow $4.6M, first positive Q1 in nine years excluding patent sale.
- FY27 guidance: total revenue $594-621M, adjusted EBITDA $119-139M, operating cash flow ~$100M; Q2 revenue $137-148M.
- Repurchased 2.6M shares for $10M; ended quarter with $422.9M in cash and investments.