Toronto, June 3, 2026, 04:23 EDT
- BlackBerry (BB) finished up 6.17% at $10.32 U.S. on Tuesday after an 8.00% jump Monday. StockAnalysis showed the shares quoted at $11.33 in early Wednesday premarket.
- BlackBerry CFO Tim Foote told the Baird conference the turnaround is “complete” and called BlackBerry “now a growth company,” with new attention landing on its QNX embedded software unit. Seeking Alpha
- BlackBerry is set to report earnings June 25. Investors want to see signs of revenue growth, not just momentum.
BlackBerry shares in the U.S. looked ready for more gains in premarket Wednesday, after closing at their highest level in a year. The move comes as investors keep backing the Canadian company’s push to reshape its software business.
BlackBerry isn’t just trading as a smartphone relic anymore. The bullish pitch now leans harder on QNX, BlackBerry’s embedded OS for autos and other critical systems, plus its secure communications tools for government and regulated customers.
The stock closed Tuesday at $10.32, rising 6.17% on 48.5 million shares traded. That came after an 8.00% jump Monday, according to StockAnalysis. In Toronto, BlackBerry ended at C$14.23, up 5.88%. It hit C$14.28 during the session, tying its 52-week high.
Foote told the Baird 2026 Global Consumer, Technology & Services Conference that the company is no longer just focused on cost cuts, and is now looking to push operating leverage. That means more profit for each new dollar of revenue after fixed costs are paid off. QNX President John Wall talked about progress with Alloy Kore, a vehicle-software platform for software-defined cars, where more features are controlled by software as the vehicles age.
BlackBerry’s rally is running on old numbers that seem to be catching fresh attention. In April, BlackBerry forecast first-quarter revenue between $132 million and $140 million, which topped the $129.9 million analyst view then. QNX revenue for the quarter landed at $78.7 million, a 20% rise. The QNX royalty backlog is quoted at about $950 million, which measures the future royalties from its wins and programs.
BlackBerry says its business is tougher to replace than regular enterprise software. CEO John Giamatteo told Reuters in April the company’s systems go into “highly regulated, complex, mission-critical solutions,” calling out software where failures might put safety, security, or major operations at risk. Reuters
BlackBerry QNX and Nvidia pushed their tie-up further in April, this time focusing on QNX OS for Safety 8.0 and Nvidia’s IGX Thor gear, which targets robotics, medical, and industrial sectors. QNX says its software now runs in over 275 million vehicles, a position it’s looking to use as it breaks into new areas like connected and automated systems.
The space remains crowded. ABI Research in April put QNX, Wind River, SYSGO, and Green Hills Software at the top for safety-certified real-time operating systems, which are designed to meet quick and consistent response times. “Demand for these platforms is becoming increasingly strategic,” ABI analyst George Chowdhury said, as industries depend more on robotics and machines for safety-heavy jobs. ABI Research
Stocks traded higher. U.S. indexes set fresh records Tuesday, and Canada’s TSX jumped 1.3% to a new high of 35,169.46, led by gains in resources and financials. Smaller tech names tend to move more on days like this, especially with heavier volume.
But with the rally, there’s not much cover if things slip. BlackBerry has flagged risks with government demand swinging around, long sales cycles, and QNX revenue possibly pushed out because of software-defined vehicle delays. It’s also up against rivals, open-source offerings, and carmakers or suppliers doing their own embedded systems.
Next up are earnings. A June 25 report showing higher QNX demand and steady secure-communications revenue would give the recent rally more support. But if guidance falls short, the stock’s quick run could lead to a rougher pullback.
