BlackBerry's first quarter 2027 revenue grew 26% to $153 million, beating estimates and marking a return to positive cash flow.

BlackBerry reported first quarter fiscal 2027 revenue of $152.9 million, a 26% increase year-over-year, and adjusted EPS of $0.04. Both revenue and adjusted EPS exceeded analyst expectations, driven by strong growth in the company's core software segments.

Key Highlights

• Growth was driven by strong performance in both the QNX and Secure Communications segments, which saw revenue increase 26% to $72.3 million and 24% to $73.6 million YoY, respectively.
• The company reported positive operating cash flow of $4.6 million, its first positive result for a fiscal first quarter in nine years (excluding a prior year patent sale).
• Profitability improved significantly, with total company adjusted EBITDA increasing 144% year-over-year to $36.3 million and GAAP net income remaining positive for the fifth consecutive quarter.