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

Blaize (NASDAQ:BZAI) posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.01), Zacks reports. Blaize had a negative return on equity of 306.51% and a negative net margin of 160.85%.The company had revenue of $11.99 million for the quarter.

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

Shares of NASDAQ BZAI traded up $0.01 during midday trading on Thursday, hitting $0.51. 736,312 shares of the company’s stock were exchanged, compared to its average volume of 6,487,390. Blaize has a twelve month low of $0.42 and a twelve month high of $6.76. The firm has a market cap of $74.01 million, a P/E ratio of -0.76 and a beta of 0.13. The stock’s 50 day moving average price is $1.03 and its 200-day moving average price is $1.37.

Insiders Place Their Bets

In other news, CFO Harminder Sehmi sold 40,609 shares of the stock in a transaction 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 transaction, the chief financial officer owned 259,773 shares of the company’s stock, valued at approximately $355,889.01. This represents a 13.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Cannestra sold 50,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $84,000. The trade was a 50.00% decrease in their ownership of the stock. 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 have sold a total of 181,218 shares of company stock valued at $281,043 in the last quarter. 17.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Blaize

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BZAI shares. Roth Capital reissued a “buy” rating and set a $4.50 price target on shares of Blaize in a research note on Friday, May 15th. Wall Street Zen lowered Blaize from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. B. Riley Financial decreased their price objective on shares of Blaize from $4.00 to $2.00 and set a “buy” rating for the company in a report on Friday, August 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blaize in a research note on Wednesday, June 24th. Finally, DA Davidson restated a “neutral” rating and issued a $1.00 price target (down from $3.00) on shares of Blaize in a research report on Friday, August 14th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.