BlackBerry Limited Common Stock (BB)

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BlackBerry (NYSE: BB) shares rise on better-than-expected Q1 results and raised fiscal guidance. Analysts increase price forecasts.

BlackBerry Limited (NYSE:BB) stock is trading higher Wednesday after the company reported better-than-expected first-quarter financial results.

Analysts are cautiously optimistic on BlackBerry, citing stronger pipeline visibility with QNX and IoT viewed as key growth drivers after its Q1 earnings beat estimates.

While Dow Jones futures edged lower by 0.05% in pre-market hours, the S&P 500 futures were up 0.08%.

Revenue fell 1.4% from a year earlier to $121.7 million but exceeded the $107 million-$115 million consensus estimate.

Here's a look at the Q1 earnings report from BlackBerry.

U.S. futures were trading higher on Tuesday after a positive day of trade on Monday. Futures of major benchmark indices were trading higher.

QNX and Vector have signed an MoU to create a new software platform for software-defined vehicles. The goal is to streamline development and align with safety standards.

BlackBerry's asset-tracking technology, Radar, will be deployed in 100,000 domestic chassis by Direct ChassisLink Inc., marking a major step in their partnership. This will enhance operational efficiency and asset visibility in the intermodal freight network.

RBC Capital Markets analyst maintains BlackBerry with Sector Perform rating, lowers price target to $3.75 due to lower revenue and EBITDA guidance for fiscal 2026.

CEO John Giamatteo said the company witnessed another quarter of strong financial performance from all three divisions, namely QNX, Secure Communications and Licensing.

Stocks are higher this afternoon, as Wall Street eyes President Trump’s highly anticipated tariff announcement later today.