Blaize (NASDAQ:BZAI) Releases Earnings Results, Misses Expectations By $0.01 EPS

Blaize (NASDAQ:BZAI) released its quarterly earnings data 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 Performance

Shares of Blaize stock traded up $0.02 on Thursday, reaching $1.17. The company had a trading volume of 8,476,825 shares, compared to its average volume of 6,114,489. 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 firm has a market cap of $166.49 million, a PE ratio of -1.56 and a beta of 0.13.

Key Stories Impacting Blaize

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.

Insider Buying and Selling

In related news, CFO Harminder Sehmi sold 40,609 shares of the 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 completion of the transaction, the chief financial officer owned 259,773 shares of the company’s stock, valued at approximately $355,889.01. This trade represents a 13.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Cannestra sold 50,000 shares of Blaize stock in a transaction that occurred 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 owned 50,000 shares of the company’s stock, valued at $84,000. This trade represents a 50.00% 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 a total of 181,218 shares of company stock valued at $281,043 in the last ninety days. 17.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Blaize

Institutional investors and hedge funds have recently modified their holdings of the company. Resurgent Financial Advisors LLC purchased a new position in Blaize during the 4th quarter valued at about $26,000. Legal & General Group Plc acquired a new position in Blaize in the 3rd quarter valued at about $26,000. Bank of Montreal Can purchased a new stake in Blaize during the fourth quarter worth about $30,000. Cetera Investment Advisers purchased a new stake in Blaize during the fourth quarter worth about $38,000. Finally, Virtu Financial LLC acquired a new stake in shares of Blaize during the third quarter worth about $42,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

Analyst Ratings Changes

BZAI has been the topic of several recent analyst reports. Roth Capital reiterated a “buy” rating and issued a $4.50 target price on shares of Blaize in a report on Friday, May 15th. Zacks Research downgraded shares of Blaize from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. DA Davidson reiterated a “buy” rating and issued a $3.00 price objective on shares of Blaize in a report on Wednesday, April 29th. Wall Street Zen lowered Blaize from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $6.00 price objective on shares of Blaize in a research report on Thursday, April 16th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Blaize currently has a consensus rating of “Moderate Buy” and an average target price 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.