BlackBerry shares pull back after earnings beat and raised FY2027 outlook

  • BlackBerry shares fell after investors took profits following an earnings beat and raised fiscal 2027 outlook.
  • Revenue reached $163.3 million, up 26% year over year and above $142.55 million estimates.
  • BlackBerry remained 33.6% above its $6.30 200-day SMA but below its $8.71 100-day SMA.

BlackBerry shares fell 3.47% to $8.49 Tuesday as investors took profits after the company’s fiscal second-quarter results exceeded analyst estimates and management raised its fiscal 2027 outlook. Revenue rose 26% year over year to $163.3 million, above the $142.55 million consensus estimate, while adjusted EPS was 7 cents versus a 4-cent forecast and adjusted EBITDA climbed 81% to $47 million. IoT and QNX revenue reached a record $80.3 million, up 27%, with adjusted gross margin expanding to 87%. BlackBerry also reported $34 million in GAAP net income, $29.3 million in operating cash flow and $28.1 million in free cash flow, and secured its first Alloy Kore automotive software design win with Coretura, with future royalties estimated at more than $100 million. The company raised its fiscal 2027 forecasts for revenue, adjusted EBITDA, EPS and operating cash flow. Technically, the stock remained 33.6% above its 200-day SMA of $6.30, although it was 3.3% below its 100-day SMA of $8.71. RSI was 52.72, while the 20-day SMA remained below the 50-day SMA; key levels were identified at $9 resistance and $8 support near the 20-day SMA of $8.02.

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