BlackBerry (BB) Jumps 17.8% on Stellar Earnings, Higher Revenue Outlook

Core Insights - BlackBerry Limited (NYSE:BB) experienced a significant share price increase of 17.8% week-on-week, driven by strong earnings performance in Q2 of fiscal year 2026 [1] Financial Performance - BlackBerry reported a net income of $13.3 million, a turnaround from a net loss of $19.7 million in the same quarter last year [2] - Revenues increased by 2.7% year-on-year, reaching $129.6 million compared to $126.2 million [2] - The company raised its full fiscal year revenue growth forecast to a range of $519 million to $541 million, up from the previous forecast of $508 million to $538 million [2] Segment Performance - The QNX segment is projected to generate revenues between $256 million and $270 million, exceeding the previous lower-end target of $250 million [3] Strategic Execution - Both the QNX and Secure Communications divisions have effectively executed their strategies, surpassing expectations in both revenue and profitability [4] - BlackBerry's solid balance sheet and ongoing profitability plans allow for efficient capital allocation, including $10 million in share buybacks executed in the last quarter [4]