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Why BlackBerry Stock Is Skyrocketing Today

TheMotleyFool

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Why BlackBerry Stock Is Skyrocketing Today

Shares of BlackBerry (NYSE: BB) are soaring on Wednesday, up 14.9% as of 1:08 p.m. ET. The jump comes as the S 500 and Nasdaq Composite were both little changed.

The early smartphone giant turned software company released its results for the fiscal first quarter of 2026 (ended May 31, 2025) yesterday, impressing investors with a strong outlook.

BlackBerry reported better-than-expected Q1 2026 results on Tuesday. The company's first-quarter earnings per share (EPS) came in at $0.02, more than Wall Street analysts had expected. While top-line revenue declined 1.4% year over year, the $121.7 million in sales still topped estimates.

Source Fool.com