BlackBerry (BB) sees profits increase in Q1, expects strong performance in upcoming quarters.

From Yahoo Finance: 2025-06-26 13:33:00

BlackBerry Limited (NYSE:BB) surged 12.47% after posting a net income of $1.9 million in the first quarter of fiscal year 2026, a significant improvement from a loss of $41.4 million the year before. Revenues dipped slightly year-on-year but the company expects strong performance in the upcoming quarters.

CEO John Giamatteo expressed optimism for BlackBerry’s fiscal year, noting a solid start. The company’s Secure Communications and QNX divisions exceeded expectations, demonstrating efficiency in execution. While BlackBerry shows promise as an investment, some AI stocks may offer greater returns with lower risk. Explore the best short-term AI stock options for potential investments.

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