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BlackBerry soars after swinging to a surprise profit and topping Q2 estimates

Blackberry’s software pivot is ringing in profits.

6/25/25 10:52AM

BlackBerry shares jumped over 20% in early trading Wednesday, a day after the company surprised investors by swinging to a profit. As of 10:45 a.m. ET, the stock is up 13.5%.

Adjusted earnings per share came in at $0.02, topping both its previous guidance of -$0.01 to $0.00 and analyst expectations of breaking even. Revenue hit $121.7 million, beating Wall Street’s estimate of $111.2 million and topping BlackBerry’s own forecast of $107 million to $115 million.

BlackBerry has been steadily reinventing itself since its fall from mobile royalty, pivoting to software and security. The company highlighted its strong IP licensing revenue and better-than-expected performance in secure communications, which brought in $59.5 million, above the top end of guidance.

Looking ahead to Q2, BlackBerry expects sales between $115 million and $125 million, and adjusted earnings per share of flat to $0.01. Analysts are forecasting $122.9 million in revenue.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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