BlackBerry Analysts Increase Their Forecasts Following Q2 Results

Core Insights - BlackBerry Limited reported strong second-quarter results, with earnings of $0.04 per share, surpassing the analyst consensus estimate of $0.01, and quarterly revenue of $129.6 million, a 3% increase year-over-year, exceeding the Street estimate of $122.1 million [1] Group 1: Earnings and Revenue Expectations - For the third quarter, BlackBerry anticipates earnings per share between 2 cents and 4 cents, compared to the consensus estimate of 3 cents, and expects sales to range from $132 million to $140 million, against the consensus estimate of $137.73 million [2] - The company projects FY26 adjusted earnings per share of 11 cents to 15 cents, up from the prior estimate of 8 cents to 10 cents, and expects sales between $519 million and $541 million, revised from the previous range of $508 million to $538 million, compared to the consensus estimate of $530.61 million [3] Group 2: Stock Performance and Analyst Ratings - Following the earnings announcement, BlackBerry shares increased by 5.7% to $4.9150 [3] - Analyst Luke Junk from Baird maintained a Neutral rating on BlackBerry and raised the price target from $5 to $5.5, while RBC Capital analyst Paul Treiber maintained a Sector Perform rating and increased the price target from $4 to $4.5 [8]