Blaize Holdings, Inc. (BZAI) Form 8-K — Aug 13, 2026
Blaize Holdings (NASDAQ: BZAI) reported second-quarter 2026 revenue of $12.0 million, up from $2.0 million a year earlier, but reduced its full-year 2026 revenue outlook to $40.0-$43.0 million, citing engagements that did not convert into orders and supply chain cost inflation from materially higher memory pricing. Gross margin collapsed to 8% from 59% in the year-ago quarter as revenue mix shifted toward lower-margin third-party server hardware, while the quarterly net loss was $28.8 million and the Adjusted EBITDA loss widened to $20.9 million from $13.9 million in Q1 2026.
Key figures
- Revenue
- 12000000
- Guidance
- FY2026 revenue $40.0M-$43.0M (reduced); FY2026 Adjusted EBITDA loss $62.0M-$65.0M; stock-based compensation ~$34.7M; weighted average shares ~141 million
- Net Income
- -$28.8 million (net loss, vs -$22.7M in Q1 2026 and -$29.6M in Q2 2025)
- Revenue Yoy
- +500% YoY ($12.0M vs $2.0M in Q2 2025); up from $2.7M in Q1 2026
- Cash Position
- 36800000
- H1 2026 revenue
- $14.7 million (vs $3.0M H1 2025)
- H1 2026 net loss
- $51.5 million (vs $177.4M H1 2025)
- Cash prior quarter
- $33.2 million as of March 31, 2026
- Gross margin q1 2026
- 58%
- Gross margin q2 2025
- 59%
- Gross margin q2 2026
- 8%
- H1 2026 gross margin
- 17% (vs 62% H1 2025)
- Server agreement units
- 2000
- Server agreement value
- ~$70.0 million at current memory pricing
- Adjusted ebitda loss q2 2026
- $20.9 million (vs $13.9M Q1 2026, $12.9M Q2 2025)
- Server agreement 2027 backlog
- ~$50.0 million
- Server agreement h2 2026 revenue
- ~$20.0 million
Price after filing
Close on the filing date to close N calendar days later (from $1.09). Historical, not a forecast.
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