BlackBerry Shares Rise 7% on RBC Capital Earnings Outlook

BlackBerry Ltd. shares gained approximately 7% in recent trading following a positive outlook from RBC Capital ahead of the company's second-quarter earnings release. The analyst firm maintained a Sector Perform rating with a $9 price target, implying 5.5% upside from the last close. This move follows a broader wave of institutional and retail interest in the Canadian technology firm as it prepares to report results before market hours on September 24.

RBC Capital expects BlackBerry's quarterly revenue to slightly exceed consensus estimates, driven by the company's historically conservative guidance approach. The firm also anticipates that EBITDA and earnings per share will land above Wall Street expectations. According to data cited by Yahoo Finance, analysts currently project quarterly revenue of $145.53 million, representing a year-over-year increase of more than 12%, while EPS is expected to remain flat at $0.04.

RBC Capital Details Revenue Expectations

The analyst note highlights that sentiment for the stock will hinge on specific operational updates, particularly regarding the timing of design wins for the Alloy Kore platform. RBC Capital also pointed to momentum in physical AI and the GEM segment as key drivers for potential upside. The firm's view is that BlackBerry's cautious guidance style often creates a setup for positive surprises in both top-line growth and profitability metrics.

Retail Sentiment Shifts To Extremely Bullish

Retail investor sentiment for BlackBerry stock improved from bullish to extremely bullish over the past 24 hours, accompanied by high message volumes on Stocktwits. This shift occurred alongside a public endorsement from CNBC's Jim Cramer, who described the stock as a buy on his show. Cramer noted that despite recent selling pressure in the sector, the company's fundamentals remain strong, contributing to the renewed market interest.

BlackBerry shares have already accumulated a gain of more than 124% in 2026, reflecting a significant recovery in investor confidence. The combination of expected earnings beats and positive commentary from both institutional analysts and prominent media figures has fueled the recent trading activity. The stock's performance underscores the market's focus on the company's ability to deliver consistent growth in its core technology segments.

Market Focus On Upcoming Q2 Report

With the Q2 results scheduled for release on September 24, investors are closely watching for confirmation of the revenue and EPS beats predicted by RBC Capital. The market's reaction will likely depend on how management frames the progress of its AI initiatives and hardware partnerships. As the stock trades near its $8.55 level, the upcoming earnings call will serve as a critical test of the company's ability to sustain its recent momentum and justify current valuations.