BlackBerry Projects Revenue Decline for Fiscal 2026 Amid Cybersecurity Weakness

The company exceeded fiscal 2025 expectations but faces challenges in its Secure Communications and QNX divisions, driving market volatility.

BlackBerry forecasts fiscal 2026 revenue between $504 million and $534 million, down from $534.9 million in fiscal 2025.
Secure Communications unit revenue is expected to decline to $230 million-$240 million, compared to $272.6 million last year.
The QNX automotive software unit's revenue projection was revised to $250 million-$270 million, lowering the previous forecast range.
The sale of the Cylance cybersecurity business for $160 million has bolstered BlackBerry's cash reserves, now at $410 million.
BlackBerry's stock experienced significant volatility, dropping as much as 17.7% after the fiscal 2026 outlook was announced.