TORONTO, June 1, 2026, 12:06 EDT
- BlackBerry’s U.S. shares climbed 7.8% to $9.70 late morning, with volume topping 25 million shares.
- Toronto-listed shares hit a 52-week high at C$13.45. Canada’s main S&P/TSX Composite was down earlier in the session.
BlackBerry Ltd shares gained again Monday, nearing $10 in New York as investors continued to buy into the company’s software turnaround pitch.
The stock’s latest push higher stands out, as it isn’t driven by a new handset product. This time, the rise comes from QNX—BlackBerry’s embedded software arm—and its secure communications work with government and regulated clients.
BlackBerry shares trading in the U.S. gained 7.8% to $9.70 as of 11:51 a.m. EDT. The stock opened at $9.28 after closing at $9.00, then climbed as high as $9.74. BlackBerry’s market cap was about $5.77 billion.
Toronto outperformed on Monday. The S&P/TSX Composite was off 0.3% earlier in the day, dragged lower by financial and mining stocks, but BlackBerry’s Canadian shares jumped over 8% to reach a one-year high.
QNX is a real-time operating system, running tasks within tight time frames for cars, industrial systems, medical gear and other safety devices. BlackBerry investors have been re-rating this business as capital flows into robotics, “physical AI”—AI running in machines that do real-world work—and software-defined vehicles.
BlackBerry reported last week that a QNX poll of 1,000 robotics developers named software architecture and integration as the top performance bottlenecks, putting them ahead of hardware. Jim Hirsch, QNX’s global VP of sales for general embedded markets, said the same developers “consistently cite four core challenges: safety, determinism, cybersecurity, and integration.” Newswire
BlackBerry’s latest results have given the bulls something to work with. In April, the company said its QNX unit posted a 20% jump in fourth-quarter revenue to $78.7 million, with the royalty backlog hitting about $950 million. BlackBerry is also guiding for first-quarter revenue above Street forecasts. CEO John Giamatteo told Reuters the business delivers “highly regulated, complex, mission-critical solutions,” a phrase that has become a fixture in the bullish case for the stock. Reuters
BlackBerry’s competitive set is pretty focused. Investors aren’t really weighing it against old handset competitors. The real benchmark is other embedded and safety software firms, with Nvidia mostly showing up as a hardware AI partner. In April, QNX said it was expanding work with Nvidia to get its safety OS running on Nvidia IGX Thor, targeting robotics, medical, and industrial systems. “Safety and determinism cannot be afterthoughts,” QNX President John Wall said. Nasdaq
Security is in focus for traders too. BlackBerry said in May that its AtHoc platform finished FedRAMP Class D High re-certification. FedRAMP is the U.S. cloud security review program. Class D High covers sensitive unclassified systems where failure could hit operations or safety hard. Ramon Pinero, who heads secure communications at BlackBerry, called the re-certification proof of “operational maturity and security rigor.” Nasdaq
Capital return is in play too, but it’s a sideshow. In a May filing, BlackBerry said it renewed its normal course issuer bid—basically a Canadian buyback—giving it the option to repurchase up to 26.8 million common shares through May 2027.
The risk is clear. The stock outran what the business has shown so far. QNX backlog still needs to turn into revenue; robotics and automotive timing can shift, and government security deals are uneven. A rally driven by momentum could unwind fast if BlackBerry’s next quarter doesn’t deliver on software revenue and cash flow.
BlackBerry’s next test comes up soon. The company has June 25 marked on its investor calendar for its first-quarter fiscal 2027 results, which cover the stretch through May 31.
