Blaize (NASDAQ:BZAI) Releases Earnings Results, Misses Estimates By $0.06 EPS

Blaize (NASDAQ:BZAI) posted its earnings results on Thursday. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06), Zacks reports. Blaize had a negative net margin of 535.58% and a negative return on equity of 670.38%. The firm had revenue of $2.74 million during the quarter.

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

• Blaize reaffirmed its full-year 2026 revenue guidance of $130 million despite a Q1 revenue miss tied to supply constraints, and management said customer demand remained strong.
• Q1 revenue was only $2.7 million, with management blaming a global HBM memory shortage and delayed server availability for the shortfall and a push of the NeoTensr order into Q2.
• The company expanded key commercial wins, including a NeoTensr contract now totaling up to $70 million, a strategic partnership with Winmate, and deeper joint work with Nokia and Datacom across Asia Pacific.
• Blaize is launching AI Services, starting with face recognition and later document processing, aiming to create recurring, higher-margin revenue from API usage and software licensing on top of hardware sales.
• The company ended Q1 with $33.3 million in cash and raised an additional $35 million equity offering in May, which management said extends runway into mid-2027 and supports product and deployment growth.

Blaize Stock Up 5.7%

BZAI stock traded up $0.10 during trading on Thursday, hitting $1.77. The company had a trading volume of 13,909,009 shares, compared to its average volume of 15,158,144. The firm has a 50-day moving average price of $1.66 and a 200-day moving average price of $1.97. Blaize has a 12 month low of $1.00 and a 12 month high of $6.76. The stock has a market cap of $218.26 million, a price-to-earnings ratio of -0.82 and a beta of 0.08.

More Blaize News

Here are the key news stories impacting Blaize this week:

• Positive Sentiment: Blaize said first-quarter revenue came in ahead of expectations, and its loss narrowed year over year, which may help support the stock by signaling improving business momentum. Blaize Announces First Quarter 2026 Financial Results
• Neutral Sentiment: The company’s quarterly loss of $0.13 per share matched the Zacks consensus estimate, suggesting results were in line with expectations rather than a major surprise. Blaize Holdings, Inc. (BZAI) Reports Q1 Loss, Beats Revenue Estimates
• Neutral Sentiment: Director Anthony Cannestra sold 50,000 shares in a pre-arranged 10b5-1 plan, which is notable but not necessarily a negative signal on its own. SEC insider trade filing
• Negative Sentiment: Multiple law firms announced securities-fraud investigations into Blaize, raising legal overhang and investor concerns about possible misleading disclosures. Securities Fraud Investigation Into Blaize Holdings, Inc. (BZAI) Announced

Insider Buying and Selling

In other Blaize news, Director Anthony Cannestra sold 50,000 shares of Blaize stock in a transaction on Monday, April 6th. The shares were sold at an average price of $1.75, for a total transaction of $87,500.00. Following the completion of the sale, the director owned 50,000 shares of the company’s stock, valued at approximately $87,500. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Dinakar Munagala sold 50,000 shares of Blaize stock in a transaction on Friday, April 17th. The stock was sold at an average price of $2.54, for a total transaction of $127,000.00. Following the sale, the chief executive officer directly owned 551,422 shares of the company’s stock, valued at $1,400,611.88. This represents a 8.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 314,069 shares of company stock worth $668,489 in the last quarter. Insiders own 17.40% of the company’s stock.

Institutional Trading of Blaize

Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc acquired a new stake in Blaize during the 3rd quarter worth $26,000. Virtu Financial LLC acquired a new stake in Blaize during the 3rd quarter worth $42,000. Resurgent Financial Advisors LLC acquired a new stake in Blaize during the 4th quarter worth $26,000. Bank of Montreal Can acquired a new stake in Blaize during the 4th quarter worth $30,000. Finally, BNP Paribas Financial Markets acquired a new stake in Blaize during the 3rd quarter worth $56,000. Institutional investors and hedge funds own 97.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BZAI shares. Wall Street Zen cut shares of Blaize from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blaize in a research note on Friday, March 27th. DA Davidson reiterated a “buy” rating and issued a $3.00 target price on shares of Blaize in a research note on Wednesday, April 29th. Zacks Research cut shares of Blaize from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, B. Riley Financial dropped their price objective on shares of Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Blaize presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.63.

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.