One among our favourite meme stocks is up greater than 9%, however this time it’s for legit enterprise causes.
BlackBerry Restricted (NYSE: BB) noticed its shares sharply rise Thursday morning following the release of its 2026 fourth-quarter and financial 12 months outcomes. The inventory has beforehand been unstable as a consequence of BlackBerry’s place within the meme inventory craze a couple of years in the past.
The Canadian firm, as soon as a leader in the mobile phone industry, reported $156 million in income for quarter 4, a ten% enhance year-over-year (YOY). Its adjusted internet earnings additionally rose by a whopping 92% YOY.
On a year-long scale, BlackBerry noticed its income attain $549.1 million, a 3% soar YOY.
“We’re now not an organization in transition”
The profitable report follows a devoted flip round for BlackBerry centered on strengthening its cyber safety and embedded software program system divisions.
“Since our management transition in 2023, we have now been centered on a transparent purpose: to rework BlackBerry right into a worthwhile progress firm. Our efficiency this quarter and over the previous 12 months demonstrates that we’re delivering,” BlackBerry CEO John J. Giamatteo stated in a launch.
Giamatteo continued: “We’re now not an organization in transition. We’re a progress firm with a confirmed monitor file of execution, and we’re nicely positioned for the trail forward.”
A good portion of that progress comes from QNX, the division centered on embedding safe real-time working programs in all the things from vehicles to robotics. BlackBerry claims that QNX expertise is in over 275 million autos throughout the globe.
Within the fourth quarter of 2026, QNX reached file income of $78.7 million—a 20% soar YOY.
Notably, BlackBerry has lengthy discontinued gross sales of its basic cellphones, although Gen Z might just convey them again.
