Quarterly ResultJun 25, 2026, 05:02 PM
BlackBerry Q1 Revenue $152.9M, Net Income $8.5M; Convertible Notes Condition Met
AI Summary
BlackBerry reported strong first-quarter results for fiscal 2027, with revenue increasing to $152.9 million and net income rising to $8.5 million. The company also renewed its share buyback program (2026 NCIB) for up to 26.8 million common shares. Additionally, a contingent condition for its 3.00% senior convertible notes was met, allowing holders to convert their notes from July 1, 2026.
Key Highlights
- Q1 FY2027 revenue increased to $152.9M from $121.7M YoY.
- Net income for Q1 FY2027 rose to $8.5M from $1.9M YoY.
- Basic EPS for Q1 FY2027 was $0.01, up from $0.00 YoY.
- Operating income significantly improved to $15.3M from $2.0M YoY.
- Net cash provided by operating activities was $4.6M, compared to $(18.0)M last year.
- 2026 NCIB renewed to repurchase up to 26.8M common shares.
- Contingent condition for 3.00% convertible notes met, allowing conversion from July 1, 2026.
- Cash and cash equivalents were $256.8M as of May 31, 2026.
Price Impact
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