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BlackBerry’s 23% Surge Has Nothing To Do With Cellphones!

BlackBerry Limited is no longer being discussed as a relic of the smartphone era. The company’s fiscal 2027 first-quarter earnings pushed investors to reconsider it as a software and physical AI infrastructure story, with revenue rising 26% year-over-year to $152.9 million, ahead of Wall Street expectations. The stock jumped 23% after the results as attention shifted to QNX, BlackBerry’s secure, safety-certified software platform used in autonomous vehicles, embedded systems, and emerging physical AI applications. Management also raised its fiscal 2027 profit forecast to a range of $0.16 to $0.20 per share, while maintaining a revenue outlook of $594 million to $621 million. Still, the market is not fully convinced. Analysts continue to hold a cautious average Hold rating, reflecting the gap between the excitement around BlackBerry’s AI angle and the execution still needed to justify the rally.