BlackBerry (BB) Soars 12.47% on Earnings, Optimistic Outlook

We recently published These 10 Companies are in Beast Mode. BlackBerry Limited (NYSE:BB) is one of the Wednesday’s top performers.

BlackBerry grew its share prices for a third consecutive day on Wednesday, jumping 12.47 percent to close at $4.87 apiece following its earnings performance and positive outlook for the fiscal year of 2026.

In its financial statement, BlackBerry Limited (NYSE:BB) said it swung to a net income of $1.9 million in the first quarter of fiscal year 2026, reversing a net loss of $41.4 million in the same period last year.

Revenues, however, dipped by 1.38 percent to $121.7 million from $123.4 million year-on-year.

For the second quarter alone, the company expects to book between $115 million and $125 million in revenues, as well as $508 million to $538 million in revenues in the full fiscal year period.

“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,” said BlackBerry Limited (NYSE:BB) CEO John Giamatteo.

A research engineer surrounded by hardware, demonstrating the company’s secure container offerings.

“Both our QNX and Secure Communications divisions continue to execute effectively against their strategies, beating both top line and profitability expectations.”

While we acknowledge the potential of BB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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