BlackBerry Limited (BB) AI Stock Analysis

Established in 1984 and headquartered in Waterloo, Canada, BlackBerry Limited delivers security software and services to enterprises and governments globally. It operates through three main divisions: Cybersecurity, IoT, and Licensing and Other. The Cybersecurity segment features the BlackBerry Cyber Suite, incorporating artificial intelligence and machine learning tools such as BlackBerry Protect, BlackBerry Optics, BlackBerry Guard, BlackBerry Gateway, and BlackBerry Persona. Its IoT segment centers on the BlackBerry QNX embedded operating system, which includes the QNX Neutrino operating system and QNX CAR platform for mission-critical embedded deployments, as well as the BlackBerry Jarvis cloud-based testing platform.

Revenue fell from $718.0M in FY2022 to $526.3M in FY2023, recovered to $759.1M in FY2024, declined to $534.9M in FY2025, and reached $549.1M in FY2026. Gross margin expanded from 65.0% in FY2022 to 76.2% in FY2026. After recording a net loss of -$734.4M in FY2023, net income turned positive at $53.2M in FY2026, supported by an operating margin of 9.2%. Over the trailing twelve months ended August 31, 2026, revenue stood at $614.0M with an operating margin of 22.7% and EPS of $0.13. In the quarter ended August 31, 2026, quarterly revenue increased 26.0% year-over-2year, while quarterly earnings grew 150.0%.

As of August 31, 2026, BlackBerry held $377.5M in cash and short-term investments against $221.0M in total debt, resulting in net cash of $156.5M. The company reported a current ratio of 2.38 and a debt-to-equity ratio of 0.28 on shareholders' equity of $791.6M. Operating cash flow improved to $51.1M in FY2026, with free cash flow of $47.3M. In FY2026, BlackBerry directed $3.9M toward capital expenditures and spent $61.7M on share buybacks, while share count increased 2.8% over the trailing five-year period.

BlackBerry has a market capitalization of $4.73B and an enterprise value of $4.80B. It trades at a trailing P/E of 62.0x, a forward P/E of 47.2x, an EV/EBITDA of 46.3x, and a price-to-sales ratio of 7.7x. These multiples compare to the median of its US-listed Technology peers, which trade at a trailing P/E of 28.1x, a forward P/E of 18.8x, an EV/EBITDA of 16.6x, and a price-to-sales ratio of 2.8x. Over the past year, BB gained 78.3% compared to a 16.8% return for SPY, while its 5-year return of -22.1% trails the 83.0% gain for SPY.

Wall Street coverage includes 1 Strong Buy, 1 Buy, 4 Holds, 1 Sell, and 1 Strong Sell. The mean price target is $9.80, representing 21.6% upside from the last close of $8.06 on October 16, 2026. For the fiscal year ending February 28, 2027, consensus estimates project EPS of $0.21 on revenue of $626.2M. For the subsequent fiscal year, 7 analysts project EPS of $0.24 on revenue of $688.2M, representing 9.9% revenue growth. BlackBerry has beaten EPS estimates in each of the last 4 quarters.

This page is an AI-written research summary of BlackBerry Limited (BB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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