Toronto, June 8, 2026, 09:10 (EDT)
- BlackBerry’s U.S. shares traded up before the bell. The move followed a steep drop Friday.
- NYSE and TSX were open for standard Monday trading. The next scheduled earnings date is June 25.
- Investors are looking at QNX growth and recent government-security deals, but analyst targets are still under where the shares trade now.
BlackBerry’s U.S. shares traded up in premarket action Monday, after sliding nearly 9% Friday. The former handset maker is still part of the market’s AI-software move.
BlackBerry was at $9.63 in premarket trade as of 9:06 a.m. EDT, up 2.34% from Friday’s $9.41 close. Last week the stock was volatile: jumped 8.00% Monday, rose 6.17% Tuesday, slid 1.36% Wednesday, added 1.57% Thursday, and dropped 8.99% Friday. Volume was high. Premarket trades happen before the main session and usually have less liquidity.
Market trading hadn’t started. The NYSE and TSX both show June 8 is not a market holiday in 2026, with main equity hours still at 9:30 a.m. to 4:00 p.m. Eastern.
BlackBerry is now trading like an earnings event. The company says it plans to report fiscal Q1 2027 results on June 25 for the quarter ended May 31, but those dates are only estimates until BlackBerry puts out the official release.
TSX futures edged up early Monday, tracking gains in oil. S&P/TSX index futures were up 0.3% at 6:16 a.m. ET, boosted by higher energy prices following Israeli strikes on Iran, according to Reuters. BlackBerry is acting less like a regular Canadian tech stock right now, with market focus shifting to the QNX embedded-software business.
BlackBerry’s QNX business sells real-time operating systems, designed to ensure machines react on a set schedule. QNX put out a survey of 1,000 robotics developers on May 27. Of those polled, 89% called “physical AI”—AI running on real-world machines—key to their future work. 95% said they needed deterministic real-time performance. 91% said they still use general-purpose operating systems for workloads with real-time or safety demands. Newswire
BlackBerry CFO Tim Foote told the Baird conference last week the company “is now a growth company” after going through restructuring, according to CFO Dive. He said QNX is targeting robotics, auto, and medical device markets. Foote also talked about a “whole plethora of new markets” where BlackBerry is under-penetrated or not yet in.
Bulls see it this way. In April, BlackBerry put out a first-quarter revenue forecast that topped expectations, said its turnaround was done, and posted QNX fourth-quarter revenue up 20% at $78.7 million. The company has a royalty backlog near $950 million. CEO John Giamatteo told Reuters QNX is “much more immune to ‘SaaSmageddon’” since its technology is inside “highly regulated, complex, mission-critical solutions.” Reuters
BlackBerry’s secure communications unit has a new driver. On May 20, the company said AtHoc completed FedRAMP Class D (High) re-certification, the U.S. government program for cloud security in federal agency software. “Operational maturity and security rigor,” said BlackBerry AtHoc general manager Ramon Pinero. Dubhe Beinhorn, senior vice president for public sector, said agencies need “trusted and compliant communications infrastructure” in the face of complex threats. Newswire
BlackBerry has a buyback program running. According to a May 8 SEC filing, the TSX approved a renewal of BlackBerry’s normal course issuer bid. The new authorization lets the company repurchase up to 26.8 million common shares, or 4.58% of its public float, by May 2027.
Stocks in the sector took hits Friday. Nokia’s ADR dropped 13.48%. BlackBerry slid 8.99%. Apple lost 1.25%, and Motorola Solutions was off 0.09%. The Nasdaq Composite finished down 4.18%, while the Dow fell 1.35%, MarketWatch data showed.
But the setup isn’t one way. Google Finance priced BlackBerry at $9.41 after Friday’s close. The average 12-month target from four analysts is $4.98, with three analysts at hold and one at buy. If QNX wins don’t show up soon enough, or if the June 25 numbers can’t back up the latest rally, there’s not much cushion if the company misses.
At this point, nobody is asking if BlackBerry has left the phone game. That debate is over. Now it’s about QNX and secure comms—are they going to ramp up quick enough to back a stock that’s already run up ahead of the growth?
