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.”
