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

We recently published 10 Big Names With Explosive Gains That Investors Can’t Ignore. BlackBerry Limited (NYSE:BB) is one of the companies that soared by double- and triple-digits last week.

Shares of BlackBerry jumped by 17.8 percent week-on-week, as investor sentiment was generally bolstered by an impressive earnings performance in the second quarter of fiscal year 2026.

In an updated report, BlackBerry Limited (NYSE:BB) said it swung to a net income of $13.3 million from a $19.7 million net loss in the same period last year. Revenues exceeded its target, inching up by 2.7 percent to $129.6 million from $126.2 million year-on-year.

Encouraged by the results, BlackBerry Limited (NYSE:BB) raised its revenue growth forecast for the full fiscal period, now ranging from $519 million to $541 million, from the previous outlook of $508 million to $538 million.

Revenues from the QNX segment alone are expected to generate $256 million to $270 million, marking a higher lower-end target than the $250 million expected previously.

“BlackBerry made a strong start to the new fiscal year, building on the solid foundation we as a company have laid over the past year,” BlackBerry Limited (NYSE:BB) CEO John Giamatteo said.

“Both our QNX and Secure Communications divisions continue to execute effectively against their strategies, beating both top line and profitability expectations. BlackBerry’s solid balance sheet and plan for continuing profitability and cash generation this fiscal year enable us to allocate capital efficiently, with $10 million of share buybacks executed this past quarter,” he added.

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Disclosure: None. This article is originally published at Insider Monkey.