Blaize (NASDAQ:BZAI) Posts Earnings Results, Misses Expectations By $0.06 EPS

Blaize (NASDAQ:BZAI) issued its quarterly earnings data on Thursday. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06), Zacks reports. Blaize had a negative return on equity of 709.53% and a negative net margin of 202.65%.The firm had revenue of $2.74 million for the quarter.

Here are the key takeaways from Blaize’s conference call:

• Blaize reaffirmed its full-year 2026 revenue guidance of $130 million despite a Q1 revenue miss tied to supply constraints, and management said customer demand remained strong.
• Q1 revenue was only $2.7 million, with management blaming a global HBM memory shortage and delayed server availability for the shortfall and a push of the NeoTensr order into Q2.
• The company expanded key commercial wins, including a NeoTensr contract now totaling up to $70 million, a strategic partnership with Winmate, and deeper joint work with Nokia and Datacom across Asia Pacific.
• Blaize is launching AI Services, starting with face recognition and later document processing, aiming to create recurring, higher-margin revenue from API usage and software licensing on top of hardware sales.
• The company ended Q1 with $33.3 million in cash and raised an additional $35 million equity offering in May, which management said extends runway into mid-2027 and supports product and deployment growth.

Blaize Price Performance

BZAI traded down $0.46 during trading on Friday, hitting $1.31. 21,379,882 shares of the stock traded hands, compared to its average volume of 15,087,373. Blaize has a twelve month low of $1.00 and a twelve month high of $6.76. The company has a market cap of $161.53 million, a price-to-earnings ratio of -1.75 and a beta of 0.08. The business has a 50 day moving average price of $1.66 and a 200 day moving average price of $1.97.

Key Headlines Impacting Blaize

Here are the key news stories impacting Blaize this week:

• Neutral Sentiment: Blaize released its Q1 2026 results and held its earnings call, giving investors fresh details on execution and the outlook for its edge AI computing business. Blaize Announces First Quarter 2026 Financial Results
• Neutral Sentiment: The company’s reported loss came in at $0.19 per share, wider than expectations cited in some coverage, while revenue was $2.74 million, which added to concerns about profitability and execution. MarketBeat earnings report and transcript link
• Negative Sentiment: Multiple law firms, including Bragar Eagel & Squire, Pomerantz, and Schall, announced investigations into possible securities-law violations at Blaize, which can weigh on investor sentiment and raise legal overhang concerns. Bragar Eagel & Squire investigation
• Negative Sentiment: Additional investor alerts and fraud-investigation notices followed the earnings release, increasing uncertainty and suggesting more downside risk until the legal questions are resolved. Pomerantz investor alert

Insider Buying and Selling at Blaize

In other Blaize news, CEO Dinakar Munagala sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $2.54, for a total transaction of $127,000.00. Following the completion of the transaction, the chief executive officer directly owned 551,422 shares in the company, valued at $1,400,611.88. The trade was a 8.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Harminder Sehmi sold 123,460 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $2.28, for a total transaction of $281,488.80. Following the transaction, the chief financial officer owned 381,600 shares of the company’s stock, valued at approximately $870,048. This represents a 24.44% 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 sold a total of 314,069 shares of company stock worth $668,489 over the last three months. Corporate insiders own 17.40% of the company’s stock.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BZAI. Zacks Research cut Blaize from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Rosenblatt Securities restated a “buy” rating and set a $6.00 price objective on shares of Blaize in a report on Thursday, April 16th. Roth Mkm reiterated a “buy” rating and issued a $4.50 price target on shares of Blaize in a research note on Friday. Wall Street Zen cut Blaize from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, B. Riley Financial cut their price target on Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $4.63.

About Blaize

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.