BlackBerry continues its impressive earnings streak, surpassing expectations once again.
BlackBerry Ltd (BB.TO) reported its fiscal second-quarter earnings for 2027 on September 24, 2026, showcasing a remarkable performance that exceeded analyst expectations. The company achieved an earnings per share (EPS) of $0.07, outpacing the estimated $0.04 by a significant 75%. This marks the fourth consecutive quarter where BlackBerry has beaten EPS estimates, reinforcing its strong financial trajectory.
Recent earnings trend
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BlackBerry Ltd
BB.TO
BB.TO
BlackBerry Ltd
WealthAwesomeMarket cap
$7.20B
P/E
87.6x
52W high
$18.45
52W low
$4.35
1W change
+10.34%
Beta
1.44
Analyst Price Targets
Based on analyst covering BB · as of Sep 25, 2026
Wall Street analysts forecast BB stock price to fall 2.5% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$11.96
-2.5% Upside
Previously C$11.44 on Sep 24, 2026
Current Price
C$12.27
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BB's historical volatility
30-Day Vol
52.0%
Annualized
90-Day Vol
76.1%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$10.26
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$11.56 | C$9.66 – C$13.83 |
| 60 trading days | C$10.89 | C$8.45 – C$14.04 |
| 90 trading days | C$10.26 | C$7.52 – C$14.01 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 4 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-08-31 | 2026-09-24 | 0.0700 | 0.0400 | +75.0% |
| 2026-05-31 | 2026-06-25 | 0.0400 | 0.0300 | +33.3% |
| 2026-02-28 | 2026-04-09 | 0.0600 | 0.0400 | +50.0% |
| 2025-11-30 | 2025-12-18 | 0.0500 | 0.0400 | +25.0% |
| 2025-08-31 | 2025-09-25 | 0.0400 | 0.0100 | +300.0% |
| 2025-05-31 | 2025-06-24 | 0.0200 | 0.0026 | +669.2% |
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Investor takeaway: Investors should take note of BlackBerry's consistent earnings growth and its ability to raise full-year revenue and EBITDA outlooks, despite some challenges in its Secure Communications segment. The company's strong performance in its QNX business is particularly noteworthy, suggesting a robust demand for its software solutions.
75% EPS Surprise: BlackBerry Reports Strong Q2 Results
BlackBerry's EPS of $0.07 represents a substantial increase over the expected $0.04, marking a continued trend of exceeding earnings expectations.
Bull case
BlackBerry's record QNX revenue of $80 million, up 27% year-over-year, shows its strong position in the automotive software market. With increased adjusted EBITDA and a solid cash position, the company is well-prepared for future growth. The raised full-year guidance reflects management's confidence in ongoing demand for its products.
Bear case
Despite the positive earnings report, BlackBerry's Secure Communications segment faces challenges due to geopolitical uncertainties, leading to a revised revenue outlook. Additionally, licensing revenue is expected to normalize after a strong quarter, which could affect future earnings growth.
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