Filing Flows › Blackberry (BB) › Q1 FY27
Blackberry (BB) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 25, 2026
Blackberry (BB) reported revenue of $153M for the first quarter fiscal 2027 (Q1 FY27), +26% from a year earlier and -2% from the quarter before. Operating margin was 10.0%, net earnings $8.5M (5.6% of revenue).
Blackberry, Q1 FY27: revenue $153M (+26% year over year), operating margin 10.0%, net earnings $8.5M, operating cash flow $4.6M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $153M | -2% | +26% |
| Gross profit | $120M | -1% | +33% |
| Operating profit | $15.3M | -33% | +665% |
| Net earnings | $8.5M | -65% | +347% |
| Operating cash flow | $4.6M | -90% | — |
| Free cash flow | $1.7M | -96% | — |
What changed
Revenue was $152.9M in Q1 FY27, up 26% year over year and down 2% from the previous quarter. Secure Communication was the largest line at 48% of revenue. QNX added $14.8M year over year (up 26%), 47% of the total change.
Gross margin was 78.3%, up 4.1 points from Q1 FY26. Operating profit was $15.3M, a 10.0% margin (up 8.4 points year over year). Of the extra revenue versus Q1 FY26, 43% reached operating profit, above the 2% margin then. Operating expenses grew 18% against revenue growth of 26%. The fastest-growing cost line was Research & development (+32%). Net earnings were $8.5M, up 347% year over year. The effective tax rate was 48.2%.
Operating cash flow was $4.6M, 54% of net earnings. Non-cash charges added back $4.1M of depreciation and amortization and $6.5M of share-based compensation. Working capital and other items used $14.5M. Capital expenditures of $2.9M left free cash flow of $1.7M.
Questions
What was Blackberry's revenue in the first quarter fiscal 2027?
Blackberry (BB) reported revenue of $153M for the first quarter fiscal 2027 (Q1 FY27), +26% from a year earlier and -2% from the quarter before.
Was Blackberry profitable in the first quarter fiscal 2027?
Operating profit was $15.3M (10.0% of revenue) and net earnings $8.5M.
Source: Blackberry 10-Q on SEC EDGAR.