Backblaze Shares Surge on Strong Q2 Results, Upbeat Guidance

Shares of Backblaze Inc (NASDAQ: BLZE ) are surging Tuesday morning after the cloud storage company delivered second-quarter 2026 financial results that topped market expectations and issued strong forward-looking guidance. Here’s what investors need to know. Backblaze stock is approaching key resistance levels. What’s driving BLZE to record levels? Quarterly Highlights and Upbeat Outlook For the second quarter, Backblaze reported total revenue of $42.7 million, representing an 18% increase year-over-year. Growth was spearheaded by its B2 Cloud Storage segment, which expanded 34% year-over-year to reach $26.6 million. Non-GAAP net income per share came in at 8 cents, up significantly from 1 cent in the prior-year quarter. Looking ahead, the company expects third-quarter revenue between $44.4 million and $44.8 million, easily outpacing consensus estimates of $41.195 million...