One of our favorite meme stocks is up more than 9%, but this time it’s for legit business reasons.
BlackBerry Limited (NYSE: BB) saw its shares sharply rise Thursday morning following the release of its 2026 fourth-quarter and fiscal year results. The stock has previously been volatile due to BlackBerry’s place in the meme stock craze a few years ago.
The Canadian company, once a leader in the mobile phone industry, reported $156 million in revenue for quarter four, a 10% increase year-over-year (YOY). Its adjusted net income also rose by a whopping 92% YOY.
On a year-long scale, BlackBerry saw its revenue reach $549.1 million, a 3% jump YOY.
“We are no longer a company in transition”
The successful report follows a dedicated turnaround for BlackBerry focused on strengthening its cybersecurity and embedded software system divisions.
“Since our leadership transition in 2023, we have been focused on a clear goal: to transform BlackBerry into a profitable growth company. Our performance this quarter and over the past year demonstrates that we are delivering,” BlackBerry CEO John J. Giamatteo said in a release.
Giamatteo continued: “We are no longer a company in transition. We are a growth company with a proven track record of execution, and we are well positioned for the path ahead.”
A significant portion of that growth comes from QNX, the division focused on embedding secure real-time operating systems in everything from cars to robotics. BlackBerry claims that QNX technology is in over 275 million vehicles across the globe.
In the fourth quarter of 2026, QNX reached record revenue of $78.7 million—a 20% jump YOY.
Notably, BlackBerry has long discontinued sales of its classic mobile phones, though Gen Z might just bring them back.