Blaize Holdings cuts 2026 revenue guidance to $40 million-$43 million

Blaize Holdings (NASDAQ: BZAI ) released second-quarter financial results and hosted an earnings call on Thursday.

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For comprehensive financial data and transcripts, visit The full earnings call is available at Summary Blaize Holdings revised its full-year 2026 revenue guidance down from $130 million to between $40 million and $43 million due to delays in converting opportunities into orders and increased supply chain costs.

The company secured a $70 million contract for 2,000 servers, partially contributing to 2026 revenue with the remainder carried into 2027.

The market trend is shifting towards efficient AI model operation, aligning with Blaize Holdings' strategic focus on AI inference and hybrid AI platforms.

Gross margin for Q2 was 8% due to a higher mix of third-party hardware; improvement is expected as branded hardware and AI services gain traction.

The company plans to optimize costs and pursue non-dilutive financing to preserve core capabilities and extend financial flexibility.

Blaize Holdings reported Q2 2026 revenue of $12 million, a significant increase from $2.7 million in the prior quarter, driven by demand from Neotensor.

Operating expenses increased due to provisions for receivables, investment in new chips, and non-cash charges.

The company expects a backlog of approximately $50 million by year-end 2026, with strategic focus on building scalable revenue engines in AI services and ruggedized platforms.

Full Transcript OPERATOR Good afternoon everyone and thank you for joining Blaize's second quarter 2026 conference call.

Before management begins the prepared remarks, we would like to remind everyone that earlier today Blaize Holdings has issued a press release announcing its second quarter 2026 results.

Earnings materials are available on the Investor Relations section of the Blaize Holdings website.

Today's earnings call and press release reflect management's views as of today only and include statements related to the company's 2026 financial guidance, revenue, gross margin, competitive position, anticipated industry trends, market opportunities, products and financing opportunities, all of which constitute forward-looking statements under the federal securities laws.

Actual results may differ materially from those contained or implied by these forward-looking statements due to risks and uncertainties associated with Blaize Holdings' business.

For a discussion of the material risk and other important factors that could cause the company's actual results, please refer to the company's Form 10-K and Amendment Number One, Form 10-K for the year ended December 31, 2025 and our Form 10-Q for the period ending June 30, 2026, including the Risk Factors section therein and today's press release.

Any forward-looking statements that management makes on this call are based on assumptions as of today and, other than as may be required by law, we undertake no obligation to update these statements as a result of new information or future events.

During this call management will discuss certain non-GAAP financial measures.

These non-GAAP financial measures should be considered as a supplement to, and not a substitute for, measures prepared in accordance with GAAP.

For a reconciliation of non-GAAP financial measures discussed during this call to the most directly comparable GAAP measures, please refer to today's press release.

Now I would like to turn the call over to Deneker Monegalla, Chief Executive Officer of Blaize Holdings.

Deneker Monegalla, CEO Thank you and good afternoon.

With me today are Harminder Semy, our Chief Financial Officer, and Stephen Petak, our Chief Revenue Officer.

I will start with the outlook and where the business stands.

Harminder will take you through the numbers and Stephen will cover our commercial engines.

I will then have some closing remarks after the Q&A.

As you saw from our earnings release this afternoon, we reduced our revenue outlook for 2026.

Our full-year revenue is now expected to be between $40 million and $43 million.

What that number does not show you is what we have already secured.

We hold a signed agreement covering 2,000 servers worth approximately $70 million at current memory prices.

Part of that converts into revenue this year.

The rest is committed business we carry into 2027.

Let me tell you what changed and what did not.

First, several engagements have not converted into orders, including some where pilots were completed successfully.

Second, other opportunities are still in progress and expected to close later than we forecast.