BlackBerry lifts lower end of annual revenue forecast on cybersecurity demand
· CNA · JoinRead a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST
Dec 18 : BlackBerry on Thursday raised the lower end of its fiscal 2026 revenue forecast, signalling strong demand for its cybersecurity software as companies ramp up spending to counter increasingly sophisticated cyber attacks.
This comes as rising digital threats and the growing complexity of AI-driven breaches are fueling demand for security solutions, benefiting firms like BlackBerry that have pivoted from hardware to software and services.
The company now sees annual revenue between $531 million and $541 million, compared with its prior expectations of $519 million and $541 million.
It posted revenue of $141.8 million for the third quarter ended November 30, surpassing analysts' average estimate of $137.4 million, according to data compiled by LSEG.
Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
This service is not intended for persons residing in the E.U. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp’s partners.
Loading
BlackBerry's QNX division, which develops embedded software for automotive systems, continued to expand its footprint. The company said more than 275 million vehicles globally now use QNX technology.
It's QNX segment revenue for the reported quarter rose 10 per cent to $68.7 million.
For the fourth quarter, the company expects revenue between $138 million and $148 million, the mid-point of which is in line with estimates of $143.4 million.
Newsletter
Week in Review
Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
Sign up for our newsletters
Get our pick of top stories and thought-provoking articles in your inbox
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app