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

Key Points

• Blaize missed quarterly EPS estimates, reporting a loss of $0.21 per share versus the expected $0.20 loss. Revenue rose sharply to approximately $12 million, but the company remained deeply unprofitable and generated $28.7 million in operating cash outflow.
• 2026 revenue guidance was cut dramatically to $40 million–$43 million from $130 million, reflecting failed pilot conversions, delayed deployments and higher memory costs. Adjusted EBITDA loss guidance was lowered to $62 million–$65 million, while second-quarter gross margin dropped to 8% from 58%.
• Blaize cited a signed agreement for 2,000 servers worth about $70 million, with roughly $50 million expected to remain in backlog entering 2027. Management believes 2027 revenue could reach 2.5–3 times the revised 2026 guidance, though insider selling and a reported securities class action add risk.

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

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 BZAI traded up $0.02 during trading hours on Thursday, reaching $1.17. The stock had a trading volume of 8,476,825 shares, compared to its average volume of 6,114,489. The company has a market cap of $166.49 million, a P/E ratio of -1.56 and a beta of 0.13. Blaize has a 52 week low of $0.74 and a 52 week high of $6.76. The firm has a 50-day moving average of $1.23 and a 200 day moving average of $1.43.

Insider Activity

In related news, CFO Harminder Sehmi sold 40,609 shares of the firm's stock in a transaction 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 directly owned 259,773 shares in the company, valued at $355,889.01. This trade represents a 13.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Cannestra sold 50,000 shares of the business's stock in a transaction on Monday, June 8th. The shares were sold at an average price of $1.68, for a total transaction of $84,000.00. Following the completion of the sale, the director directly owned 50,000 shares in the company, valued at $84,000. This represents a 50.00% 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. Insiders have sold a total of 181,218 shares of company stock worth $281,043 in the last quarter. 17.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Blaize

Several hedge funds have recently made changes to their positions in BZAI. Geode Capital Management LLC increased its stake in Blaize by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 655,679 shares of the company's stock valued at $1,955,000 after buying an additional 3,031 shares during the last quarter. Legal & General Group Plc bought a new stake in Blaize during the third quarter worth about $26,000. Virtu Financial LLC bought a new stake in Blaize during the third quarter worth about $42,000. Resurgent Financial Advisors LLC acquired a new position in Blaize during the fourth quarter valued at approximately $26,000. Finally, Bank of Montreal Can acquired a new position in Blaize during the fourth quarter valued at approximately $30,000. 97.12% of the stock is 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, indicating continued commercial growth for 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
• Neutral Sentiment: Some institutional investors increased their positions during recent reporting periods, including BlackRock, Marshall Wace, AQR Capital Management and Nuveen. However, other funds reduced or exited their holdings, signaling mixed institutional conviction.
• Negative Sentiment: Blaize reported adjusted earnings of negative $0.21 per share, missing the consensus estimate of negative $0.20. Gross profit was only $918,000, while the operating loss widened to $30.6 million and the net loss attributable to common shareholders reached $28.8 million. Operating cash outflow was $28.7 million, raising concerns about profitability and cash utilization. Blaize Holdings Q2 2026 Earnings
• Negative Sentiment: Full-year 2026 revenue guidance of $40 million to $43 million was far below the approximately $122.9 million analyst consensus cited in the reports. The substantial guidance gap likely intensified the selloff and undermined expectations for near-term growth.
• Negative Sentiment: Multiple law firms publicized a securities class action involving investors who purchased BZAI securities between July 18, 2025, and April 28, 2026. The October 5, 2026 deadline to seek lead-plaintiff status adds legal and reputational risk, although the announcements themselves do not establish wrongdoing. Rosen securities class action announcement
• Negative Sentiment: Reported insider activity was also unfavorable: company insiders made eight sales and no purchases during the past six months. Blaize remains deeply unprofitable, with a negative net margin and negative return on equity.

Wall Street Analyst Weigh In

A number of research firms recently commented on BZAI. Zacks Research downgraded Blaize from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 28th. Wall Street Zen cut Blaize from a "sell" rating to a "strong sell" rating in a report on Saturday, May 16th. Rosenblatt Securities restated a "buy" rating and set a $6.00 target price on shares of Blaize in a research report on Thursday, April 16th. Roth Capital reaffirmed a "buy" rating and issued a $4.50 price target on shares of Blaize in a research note on Friday, May 15th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Blaize in a research report on Wednesday, June 24th. 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 data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $4.62.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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