Blaize (NASDAQ:BZAI) Announces Earnings Results, Misses Estimates By $0.01 EPS

Blaize (NASDAQ:BZAI) announced its quarterly earnings data on Thursday. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.01), Zacks reports. Blaize had a negative net margin of 202.65% and a negative return on equity of 551.04%.

Here are the key takeaways from Blaize’s conference call:

• 2026 revenue guidance was cut sharply to $40 million–$43 million from $130 million, as several pilots did not convert, customer deployments were delayed, and memory costs rose materially.
• Blaize reported a signed agreement covering 2,000 servers worth approximately $70 million at current memory prices, with about $50 million expected to remain in backlog entering 2027; management projects 2027 revenue could reach 2.5–3 times the 2026 guidance.
• Second-quarter gross margin fell to 8% from 58% in the prior quarter because sales were weighted toward lower-margin third-party hardware. Full-year adjusted EBITDA loss guidance is now $62 million–$65 million, while the company also recorded a $7.1 million provision for the Starshine receivable.
• Revenue increased to $12 million in Q2 from $2.7 million in Q1, driven largely by NeoTensor, while Europe generated its first purchase order and activity expanded across Asia-Pacific. Several national-scale hybrid AI and data-center opportunities remain active but are excluded from current guidance, with some potentially contributing beginning in Q1 2027.

Blaize Stock Up 1.7%

Shares of NASDAQ BZAI opened at $1.17 on Friday. The firm’s 50-day moving average price is $1.23 and its two-hundred day moving average price is $1.43. Blaize has a 52-week low of $0.74 and a 52-week high of $6.76. The stock has a market capitalization of $166.49 million, a P/E ratio of -1.56 and a beta of 0.13.

Wall Street Analyst Weigh In

BZAI has been the topic of a number of research analyst reports. Zacks Research downgraded Blaize from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Wall Street Zen lowered Blaize from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a research note on Wednesday, June 24th. DA Davidson reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Blaize in a report on Wednesday, April 29th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $4.50 price objective on shares of Blaize in a report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Blaize has a consensus rating of “Moderate Buy” and an average price target of $4.62.

Insider Activity at Blaize

In other news, Director Anthony Cannestra sold 50,000 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $1.68, for a total transaction of $84,000.00. Following the sale, the director directly owned 50,000 shares in the company, valued at approximately $84,000. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Harminder Sehmi sold 40,609 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1.37, for a total value of $55,634.33. Following the completion of the sale, the chief financial officer directly owned 259,773 shares in the company, valued at approximately $355,889.01. This trade represents a 13.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 181,218 shares of company stock valued at $281,043 over the last ninety days. Corporate insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Blaize

A number of hedge funds have recently added to or reduced their stakes in BZAI. Geode Capital Management LLC grew its position in shares of Blaize by 0.5% during the second quarter. Geode Capital Management LLC now owns 655,679 shares of the company’s stock worth $1,955,000 after acquiring an additional 3,031 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Blaize in the 3rd quarter worth about $26,000. Virtu Financial LLC bought a new stake in Blaize in the 3rd quarter valued at about $42,000. Resurgent Financial Advisors LLC bought a new stake in Blaize in the 4th quarter valued at about $26,000. Finally, Bank of Montreal Can acquired a new position in Blaize during the 4th quarter valued at about $30,000. 97.12% of the stock is currently owned by institutional investors.

More Blaize News

Here are the key news stories impacting Blaize this week:

• Positive Sentiment: Second-quarter revenue increased approximately 371% year over year to $11.985 million, reflecting strong growth in Blaize’s edge-AI business. The company ended the quarter with $36.8 million in cash and cash equivalents. Blaize Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Some institutional investors increased their positions during the latest reporting period, including BlackRock, Marshall Wace, AQR Capital Management and Nuveen. Analysts cited in the coverage maintained price targets well above the recent trading level, although those targets may not reflect the latest earnings report.
• Neutral Sentiment: Blaize reported second-quarter revenue guidance of $40 million to $43 million for fiscal 2026. The company did not provide meaningful EPS guidance; the revenue outlook remains subject to execution and future updates. Blaize Holdings Stock Information
• Negative Sentiment: The quarter missed expectations: reported EPS was approximately a $0.21 loss versus a consensus loss of $0.20, while revenue of $11.985 million trailed the $13.958 million estimate. Gross profit was only $918,000, and the operating loss widened to $30.6 million. Blaize Q2 Loss and Revenue Results
• Negative Sentiment: Net loss attributable to common shareholders reached $28.8 million, while operating cash use was $28.7 million. With total liabilities of $36.7 million, the results raise concerns about cash burn, profitability and potential future financing needs.
• Negative Sentiment: Several law firms publicized an existing securities class-action lawsuit covering investors who purchased BZAI securities from July 18, 2025, through April 28, 2026. The October 5, 2026 lead-plaintiff deadline increases legal overhang and reputational risk, though the announcements themselves do not establish wrongdoing. Blaize Securities Class Action Notice

About Blaize

Blaize (NASDAQ: BZAI) is a fabless semiconductor company that designs and develops hardware and software solutions for artificial intelligence (AI) and machine learning applications at the edge. The company’s core technology is centered on its proprietary Graph Streaming Processor (GSP) architecture, which combines dataflow computing with a highly parallel matrix processing engine to deliver real-time AI inference with low power consumption. Blaize’s platform is aimed at customers seeking to deploy sophisticated AI workloads in environments where power efficiency, latency and form factor are critical.

The company offers a hardware portfolio that includes standalone GSP modules, PCIe cards and M.2 form-factor boards, alongside its Blaize AI software stack.