BlackBerry Stock Climbs 10% on First Positive Operating Cash Flow in 9 Years

BlackBerry reported first-quarter revenue of $152.9 million and operating cash flow of $4.6 million on Thursday, marking its first cash-positive fiscal quarter in nine years. Adjusted earnings per share came in at $0.04, beating the consensus estimate of $0.03. BB stock rose more than 10% on the NYSE following the announcement.

For the full year, the company expects total revenue between $594 million and $621 million, with adjusted EPS of $0.16 to $0.20, both ahead of consensus. BlackBerry highlighted strong growth in its QNX, Secured Communications, and Licensing units, with management noting that automotive has served as a proving ground for physical AI capabilities required in autonomous and safety-critical systems.