Blaize Q2 Revenue $12.0M; Cuts Full-Year Outlook to $40M-$43M

Blaize Holdings, Inc. reported Q2 2026 revenue of $12.0 million, a significant increase from $2.0 million in the prior year, but revised its full-year 2026 revenue outlook downward to $40.0 million to $43.0 million. The company cited slower opportunity conversion into orders and materially higher memory pricing for the revised outlook. Gross margin declined sharply to 8% due to a revenue mix weighted towards lower-margin third-party server hardware, contributing to a net loss of $28.8 million and an Adjusted EBITDA loss of $20.9 million. Blaize also announced a binding agreement for 2,000 servers worth approximately $70.0 million, with $20.0 million expected in H2 2026 and the remainder in 2027, alongside increased commercial activity in Europe and Asia-Pacific.