Quarterly ResultAug 13, 2026, 04:17 PM
Blaize Q2 Revenue $12.0M; Full-Year Outlook Reduced to $40-43M
AI Summary
Blaize Holdings, Inc. reported second-quarter 2026 revenue of $12.0 million, a significant increase from $2.7 million in the first quarter. Despite this sequential growth, the company reduced its full-year 2026 revenue outlook to a range of $40.0 million to $43.0 million, citing slower conversion of opportunities into orders and materially higher memory pricing. Blaize also announced a binding agreement for 2,000 servers, valued at approximately $70.0 million, with $20.0 million expected to be recognized in the second half of 2026.
Key Highlights
- Q2 2026 revenue was $12.0 million, up from $2.7 million in Q1 2026.
- Full-year 2026 revenue outlook revised to $40.0 million to $43.0 million.
- Gross margin for Q2 2026 was 8%, down from 58% in Q1 2026.
- Net loss for Q2 2026 was $28.8 million.
- Adjusted EBITDA loss for Q2 2026 was $20.9 million.
- Cash and cash equivalents stood at $36.8 million as of June 30, 2026.
- Secured a binding agreement for 2,000 servers, valued at approximately $70.0 million.
- $20.0 million of the agreement expected to be recognized as revenue in H2 2026.
Price Impact
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