TORONTO, June 2, 2026, 15:01 EDT
- BlackBerry shares traded in the U.S. gained roughly 4% during the afternoon and hit $10.26, a 52-week high.
- QNX robotics-software gains, FedRAMP security recertification, a new buyback and more visibility from investor conferences are pushing the rally.
- The risk is that valuation has run up quickly, and now the June 25 earnings update has to justify where the price is.
BlackBerry Ltd shares listed in the U.S. pushed to another 52-week high Tuesday. Traders stuck with the rally sparked by its QNX embedded software and secure government communications businesses, plus fresh buyback plans. The stock was last near $10.13, up 4.2%, after hitting $10.26 on strong volume.
BlackBerry is getting more attention now as shares are moving well past slow-turnaround territory. Trefis said Tuesday that BB just finished a seven-session run up 56.8%, beating the S&P 500’s 2.2% in the same time. The firm said that the stock’s rally added about $2.1 billion to BlackBerry’s market cap.
Canada’s S&P/TSX Composite Index climbed 0.4% to 34,899.07 late Tuesday morning, hitting a record high with gains in energy and financial shares, according to Reuters. The tape was stronger thanks to the Canadian market, but BlackBerry’s jump was more about its own software and security story. BlackBerry outpaced the broader move.
BlackBerry stayed visible for institutions with its investor schedule. Its investor page showed a slot at the Baird 2026 Global Consumer, Technology & Services Conference in New York on June 2 at 9:40 a.m. ET. Baird has the full event running June 2-4, with senior management teams meeting institutional and private-equity investors.
The key bull argument sits with QNX, BlackBerry’s real-time operating system unit. These operating systems are built to meet strict timing rules, important for cars, robots, medical and industrial gear where delays are expensive. QNX said last week that out of 1,000 robotics developers it surveyed, 27% pointed to software architecture and integration as their top bottleneck. 89% said “Physical AI”—software allowing machines to sense, decide, and act in the physical world—was central to their future plans. Nasdaq
QNX global VP of sales for general embedded markets Jim Hirsch said robotics teams hit “real limits of architectures” that can’t keep up with more complex systems. He named integration, certification delays, functional safety, and predictable behavior as the main challenges for developers. Nasdaq
QNX is now key to BlackBerry’s growth pitch. The company said QNX posted record quarterly revenue of $78.7 million in its fiscal fourth quarter, a 20% gain from the year before, and its royalty backlog climbed to around $950 million. Royalty backlog refers to future royalty revenue tied to design wins already in the bag.
BlackBerry CEO John Giamatteo told Reuters in April that QNX operates in “highly regulated, complex, mission-critical solutions,” so he sees it as less likely to be quickly replaced by generic AI products. The company is guiding for fiscal 2027 revenue of $584 million to $611 million. Fiscal 2026 revenue was $549.1 million. Reuters
Secure Communications rounds out the trade. BlackBerry announced on May 20 that its AtHoc crisis-communications platform finished FedRAMP Class D High recertification. FedRAMP is the federal cloud-security signoff, and Class D High is required for cloud tools managing sensitive, unclassified government data with serious risk on failure. “Operational maturity and security rigor,” is how Ramon Pinero, BlackBerry AtHoc general manager, described the recertification. Nasdaq
Buyback adds capital-return angle to the rally. BlackBerry said May 8 the Toronto Stock Exchange approved a renewal of its normal course issuer bid, which is the Canadian stock buyback program. The company can buy back up to 26.8 million common shares, about 4.58% of its public float. All shares bought back will be cancelled.
Competition is in play here. Motorola Solutions said this week it is buying D-Fend Solutions for $1.5 billion as it looks to add more public-safety and security tech. Nokia is selling mission-critical private LTE and 5G systems to public-safety customers. Investors are still watching to see if BlackBerry can turn AtHoc and QNX into steadier sources of revenue, up against these bigger names in communications and safety tech.
But the trade doesn’t have as much room now. BlackBerry’s price-to-earnings ratio was around 114, according to Google Finance, so investors were paying about $114 for every $1 in trailing earnings. Trefis called the stock “Unattractive,” saying the valuation was still steep after the run. If QNX orders slow, secure-communications business stops growing, or buybacks don’t make up for the valuation drag, BlackBerry’s recent momentum could flip quickly. Google
Earnings will be the next key event for BlackBerry. The company’s investor page gives June 25 as the date for its fiscal Q1 2027 results, covering the quarter that wrapped up May 31. Back in April, BlackBerry forecast first-quarter revenue of $132 million to $140 million, with QNX contributing $60 million to $64 million and Secure Communications adding $66 million to $70 million.
