Blaize (NASDAQ:BZAI) Announces Quarterly Earnings Results

Blaize (NASDAQ:BZAI) released its quarterly earnings results 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 return on equity of 379.49% and a negative net margin of 160.85%.

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 Price Performance

NASDAQ BZAI traded down $0.58 during trading hours on Friday, hitting $0.59. The company’s stock had a trading volume of 56,826,776 shares, compared to its average volume of 3,389,395. Blaize has a 12 month low of $0.54 and a 12 month high of $6.76. The company’s 50 day simple moving average is $1.20 and its two-hundred day simple moving average is $1.42. The company has a market cap of $84.40 million, a P/E ratio of -0.87 and a beta of 0.13.

Insider Transactions at Blaize

In other news, Director Anthony Cannestra sold 50,000 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $1.35, for a total transaction of $67,500.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at $67,500. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Harminder Sehmi sold 40,609 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1.37, for a total transaction of $55,634.33. Following the sale, the chief financial officer owned 259,773 shares of the company’s stock, valued at $355,889.01. This trade represents a 13.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 181,218 shares of company stock worth $281,043. Insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Blaize

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc bought a new stake in Blaize during the third quarter valued at about $26,000. Virtu Financial LLC purchased a new stake in Blaize in the 3rd quarter worth approximately $42,000. Resurgent Financial Advisors LLC bought a new stake in Blaize during the 4th quarter worth approximately $26,000. Bank of Montreal Can purchased a new position in Blaize during the fourth quarter valued at approximately $30,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Blaize in the third quarter worth approximately $56,000. 97.12% of the stock is currently owned by hedge funds and other institutional investors.

Key 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 continued demand for Blaize’s energy-efficient edge-AI computing products. However, revenue still fell short of the roughly $13.958 million analyst estimate. Blaize Holdings Q2 2026 earnings report
• Neutral Sentiment: Management forecast 2026 revenue of $40 million to $43 million, citing a Starshine-related reserve and memory-cost inflation. The outlook implies a major reduction from the approximately $122.9 million consensus forecast, although the company continues to project revenue growth from its current base. Blaize 2026 revenue forecast
• Negative Sentiment: Profitability remained a major concern. Blaize reported a loss of approximately $0.21 per share, slightly worse than consensus, a $30.6 million operating loss, and a $28.8 million net loss. Operating cash usage was $28.7 million, leaving $36.8 million in cash and raising investor concerns about future financing needs. Blaize second-quarter 2026 financial results
• Negative Sentiment: DA Davidson reaffirmed a Neutral rating but cut its price target to $1 from $3, signaling reduced confidence in Blaize’s near-term growth prospects. DA Davidson Blaize rating
• Negative Sentiment: Multiple law firms announced investigations or promoted a securities class action covering investors who purchased shares between July 18, 2025 and April 28, 2026. The inquiries concern alleged misrepresentations involving revenue guidance, customer agreements, purchase orders, accounts receivable, and pipeline metrics; the allegations have not been proven. The lead-plaintiff deadline is October 5, 2026. Johnson Fistel Blaize investigation

Analysts Set New Price Targets

BZAI has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Blaize in a report on Wednesday, June 24th. Wall Street Zen cut shares of Blaize from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Zacks Research lowered shares of Blaize from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. DA Davidson reiterated a “neutral” rating and set a $1.00 price objective (down from $3.00) on shares of Blaize in a research report on Friday. Finally, Roth Capital reiterated a “buy” rating and set a $4.50 price target on shares of Blaize in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.38.

Blaize Company Profile

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.