BlackBerry (NYSE:BB) Updates Q1 2026 Earnings Guidance

BlackBerry (NYSE:BB) updated its first quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of -0.010-0.000 for the period, compared to the consensus estimate of 0.020. The company issued revenue guidance of $107.0 million-$115.0 million, compared to the consensus revenue estimate of $128.0 million. BlackBerry also updated its FY 2026 guidance to 0.080-0.100 EPS.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Canaccord Genuity Group lifted their price target on BlackBerry from $3.00 to $4.75 and gave the stock a “hold” rating in a research note on Tuesday, March 11th. Robert W. Baird upped their price objective on BlackBerry from $3.00 to $3.50 and gave the company a “neutral” rating in a research report on Friday, December 20th. TD Securities raised BlackBerry from a “hold” rating to a “buy” rating and increased their price objective for the company from $3.25 to $4.00 in a research note on Friday, December 20th. TD Cowen raised shares of BlackBerry from a “hold” rating to a “buy” rating and boosted their price objective for the company from $3.25 to $4.00 in a research report on Friday, December 20th. Finally, StockNews.com lowered shares of BlackBerry from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.91.

BlackBerry Stock Down 9.4 %

Shares of NYSE:BB opened at $3.38 on Thursday. The company has a fifty day simple moving average of $4.67 and a 200 day simple moving average of $3.51. The firm has a market cap of $2.02 billion, a PE ratio of -15.36 and a beta of 1.30. BlackBerry has a 12-month low of $2.01 and a 12-month high of $6.24. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27.

BlackBerry (NYSE:BB) last issued its quarterly earnings data on Wednesday, April 2nd. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The firm had revenue of $141.70 million for the quarter, compared to the consensus estimate of $137.56 million. During the same period last year, the firm posted $0.03 EPS. BlackBerry’s quarterly revenue was down 7.3% compared to the same quarter last year. On average, equities research analysts anticipate that BlackBerry will post -0.03 EPS for the current fiscal year.

Insider Activity

In related news, CEO John Joseph Giamatteo sold 29,402 shares of BlackBerry stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.00, for a total value of $117,608.00. Following the transaction, the chief executive officer now directly owns 490,761 shares in the company, valued at $1,963,044. The trade was a 5.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jay P. Chai sold 24,425 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $4.19, for a total value of $102,340.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,308 shares of company stock worth $281,914. 0.34% of the stock is owned by company insiders.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.