Blaize cuts 2026 revenue outlook on slower order conversion, higher memory costs

Blaize Holdings

13/08/2026 21:32

Overview
Edge AI computing firm's Q2 revenue rose sharply yr/yr, gross margin declined to 8%
Q2 net loss improved slightly year-over-year
Company cut full-year 2026 revenue outlook due to slower order conversion and higher memory costs

Outlook
Blaize sees 2026 revenue at $40 mln-$43 mln, down from prior outlook
Company expects $20 mln revenue from major server agreement in H2 2026, $50 mln in 2027
Blaize projects 2026 Adjusted EBITDA loss of $62 mln-$65 mln

Result Drivers
LOWER-MARGIN HARDWARE - Co said gross margin fell due to revenue mix weighted toward lower-margin third-party server hardware
SLOWER ORDER CONVERSION - Co said reduced full-year outlook reflects slower pace of converting opportunities into orders
HIGHER MEMORY COSTS - Co cited materially higher memory pricing as a factor in cost inflation and revised outlook

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Loss
 
$28.81 mln
$19.61 mln (2 Analysts)
Q2 Adjusted EBITDA
 
-$20.86 mln
 
Q2 Gross Margin
 
8%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Blaize Holdings Inc is $4.50, about 291.3% above its August 12 closing price of $1.15

Reuters Recommended Reads
Aug 12 - Cerebras shares plummet 16% after results fail to impress investors
Aug 11 - Ambiq Micro Q2 sales beat estimates on edge AI demand
Aug 13 - Hong Kong's Ju Teng H1 loss widens as PC makers cut orders due to high memory prices

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)