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

Blaize (NASDAQ:BZAI) posted its quarterly earnings results on Thursday. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates 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, hitting $1.17. 8,476,825 shares of the company were exchanged, compared to its average volume of 6,114,489. Blaize has a fifty-two week low of $0.74 and a fifty-two week high of $6.76. The company has a market cap of $166.49 million, a price-to-earnings ratio of -1.56 and a beta of 0.13. The firm’s fifty day moving average is $1.23 and its 200 day moving average is $1.43.

Insider Transactions at Blaize

In related news, 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 owned 50,000 shares of the company’s stock, valued at $84,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Harminder Sehmi sold 40,609 shares of the firm’s stock in a transaction dated 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 directly owned 259,773 shares in the company, valued at approximately $355,889.01. This represents a 13.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 181,218 shares of company stock valued at $281,043. 17.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BZAI shares. Rosenblatt Securities reissued a “buy” rating and issued a $6.00 price objective on shares of Blaize in a research report on Thursday, April 16th. DA Davidson restated a “buy” rating and issued a $3.00 price target on shares of Blaize in a research note on Wednesday, April 29th. Wall Street Zen downgraded Blaize from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a research report on Wednesday, June 24th. Finally, Roth Capital reaffirmed a “buy” rating and set a $4.50 target price on shares of Blaize in a report on Friday, May 15th. Four 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 company. According to data from MarketBeat.com, Blaize presently has a consensus rating of “Moderate Buy” and an average price target of $4.62.

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.

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.