BlackBerry Limited is successfully turning around its business, led by a 26% year-over-year revenue increase to $163.3 million in Q2, primarily driven by its QNX segment which grew 27%. The company achieved a record number of design wins, indicating rising demand in autonomous vehicles and physical AI sectors. Margins improved with a 3-point gross margin increase and nearly doubled adjusted EBITDA, supporting a full-year forecast of 40% adjusted EBITDA growth. Despite a high forward P/E ratio, BlackBerry's growth prospects suggest it is undervalued, prompting a Buy rating from the analyst.
BlackBerry Limited shares rose 8.95% to USD 8.89 on Pluang as of Oct 21, 2026 04:01 WIB. Despite strong selling pressure with 99% of orders to sell, the stock's market cap stands at $4.80 billion. The price remains below its 52-week high of $12.81, showing room for further movement amid the company's turnaround momentum.
