Why BlackBerry Stock Soared This Week

Shares of BlackBerry (NYSE: BB) jumped this week, up 9% as of 1:22 p.m. ET on Friday. The rise comes as the S 500 (SNPINDEX: ^GSPC) and Nasdaq-100 gained 3.6% and 4.4%, respectively.

The company, which has reinvented itself as a software provider, released its Q1 2026 (ended May 31) financial results, beating consensus estimates for most metrics and setting rosy guidance.

BlackBerry reported better-than-expected Q1 2026 results earlier this week. The company's first-quarter earnings per share (EPS) came in at $0.02, $0.02 over consensus estimates. While revenue declined 1.4% year over year (YOY), the $121.7 million in sales still topped estimates.

Source Fool.com