BlackBerry (NYSE: BB) projects lower revenues for fiscal 2026 due to decreased enterprise spending on cybersecurity solutions.

Highlights from BlackBerry’s Revenue Forecast

• Revenue Guidance: Projected between $504M and $534M, down from $534.9M in fiscal year 2025.

• Cybersecurity Revenue: Expected to generate $230M to $240M, dropping from $272.6M the previous year.

• Q4 Revenue: Reported $141.7M, a 7% decline from $152.9M in Q4 2024.

• Stock Reaction: Shares fell 4% in premarket trading following the announcement.

Strategic Changes at BlackBerry

BlackBerry has shifted focus from smartphones to enterprise software, cybersecurity, and automotive solutions. However, a decline in IT spending has slowed demand.

In a strategic move, BlackBerry finalizes the sale of Cylance, its AI-driven cybersecurity unit, for $160M to Arctic Wolf. This sale aims to concentrate resources toward high-growth sectors amidst stiff competition.

Insights for Investors

With projected declines in cybersecurity revenue, investors may evaluate BlackBerry’s financial health using Entreprenerdly.com to stay updated on earnings and revenue forecasts.