Toronto, June 9, 2026, 12:03 EDT
- BlackBerry shares in the U.S. dropped 8.5% to $8.50 during late morning trade, giving back earlier gains.
- The retreat came with investors eyeing the company’s fiscal first-quarter earnings, set for June 25.
- Some bigger cyber-software names slipped. Canada’s main stock index traded up.
BlackBerry Ltd shares slid 8.5% to $8.50 late Tuesday morning in New York, giving up early gains after the open. The stock moved between $8.48 and $9.46. Around 26.4 million shares changed hands. The drop comes after a recent rally around the company’s software turnaround pitch.
BlackBerry’s update is in focus with earnings due soon. The company’s investor site says it will post fiscal Q1 results on June 25 for the quarter ended May 31.
Investors are deciding if the Waterloo, Ontario-based firm can deliver on its April call for first-quarter revenue of $132 million to $140 million. That forecast was higher than the $129.9 million average estimate from analysts, per LSEG data, as reported by Reuters.
BlackBerry has shifted away from handsets. The company operates through two main lines now: QNX, its real-time operating system arm, and secure communications tools aimed at governments and businesses. According to BlackBerry, over 275 million vehicles use QNX software.
The decline in the stock came as technology shares struggled. Reuters said the S&P 500 and Nasdaq both moved lower Tuesday with weakness in tech. The Invesco QQQ Trust, tracking the Nasdaq 100, dropped 1.8%.
BlackBerry lagged on the session as Canada’s main stock index traded higher. The S&P/TSX Composite gained 0.6% to 34,717.89 at 10:09 a.m. ET. Reuters said easing tensions in the Middle East and focus on the Bank of Canada’s upcoming rate decision were in play.
QNX is the driver behind renewed interest in the stock. Back in April, Reuters said QNX’s fourth-quarter revenue was up 20% to $78.7 million, while the royalty backlog hit $950 million.
BlackBerry CEO John Giamatteo told Reuters that the company focuses on “highly regulated, complex, mission-critical solutions.” Investors point to this as a reason to put QNX in a different category than enterprise software that can be swapped out more easily. Reuters
BlackBerry is pushing to keep QNX relevant as more cars turn to software. In April, QNX said China’s Leapmotor picked its software for the D19 premium electric SUV, covering cockpit and ADAS systems.
Grant Courville, QNX’s SVP for products and strategy, said in the release that QNX software allows car makers to “consolidate cockpit and ADAS into a centralized controller” and still keep safety, security and performance. QNX
Cybersecurity stocks were hit, with CrowdStrike down 4.0% and Palo Alto Networks off 3.6%. Bigger names in the sector saw selling, although neither CrowdStrike nor Palo Alto lines up directly with BlackBerry’s auto and secure comms focus. The group faced pressure on the day.
The June 25 report could move the stock either way. If QNX bookings come in strong, investors see more secure communications growth, or the company announces buybacks, that could stop the selling from Tuesday. But if guidance comes in weak, auto royalties are pushed off, or government demand disappoints, the rally starts to look overdone.
