BlackBerry provides long-term revenue targets: IoT $240-370M, Cybersecurity $425-590M by FY26

BLACKBERRY Ltd

IoT revenue target: FY24 $240-250M, FY26 $340-370M (18-22% CAGR).
Cybersecurity revenue target: FY24 $425-450M, FY26 $540-590M (9-12% CAGR).
Total BlackBerry revenue target: FY24 $665-700M, FY26 $880-960M (12-15% CAGR).
Targeting non-GAAP profitability in Q4 FY24 and positive full-year non-GAAP EPS and cash flow in FY25.
Targeting non-GAAP gross margin improvement of 200+ bps/year; Cybersecurity gross margin +400-600 bps by FY26.

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