From Yahoo Finance: 2025-04-02 08:13:00

Canada’s BlackBerry expects revenue to decline in fiscal 2026 due to weak cybersecurity product spending. U.S.-listed shares dropped 4% in premarket trading. The company, once a smartphone leader, now focuses on software for devices and autonomous vehicles. Revenue forecast for 2025 is between $504 million and $534 million.

Enterprise technology spending cuts are impacting BlackBerry’s revenue. The cybersecurity unit expects $230 million to $240 million in annual revenue, down from $272.6 million. Fourth-quarter revenue was $141.7 million, lower than the previous year. The sale of the Cylance business to Arctic Wolf for $160 million is complete.

BlackBerry sold the Cylance business to focus on high-growth areas due to high investment needs and strong competition. The company is shifting its strategy to adapt to changing market conditions and maintain competitiveness. The cybersecurity unit faces challenges in a market with evolving demand and cost optimization pressures.

Read more: BlackBerry forecasts lower annual revenue due to weak demand for cybersecurity services