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

Blaize (NASDAQ:BZAI) posted its quarterly earnings results on Thursday. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.06), Zacks reports. Blaize had a negative net margin of 535.58% and a negative return on equity of 670.38%. The business had revenue of $2.74 million during 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

NASDAQ BZAI traded down $0.26 during trading hours on Friday, reaching $1.52. 6,667,267 shares of the company’s stock traded hands, compared to its average volume of 7,107,414. Blaize has a 52-week low of $1.00 and a 52-week high of $6.76. The firm has a market cap of $186.81 million, a PE ratio of -0.70 and a beta of 0.08. The firm has a 50-day simple moving average of $1.66 and a 200 day simple moving average of $1.97.

Analyst Ratings Changes

Several equities research analysts have issued reports on BZAI shares. DA Davidson restated a “buy” rating and set a $3.00 target price on shares of Blaize in a research report on Wednesday, April 29th. Wall Street Zen lowered Blaize from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Rosenblatt Securities reiterated a “buy” rating and set a $6.00 target price on shares of Blaize in a report on Thursday, April 16th. B. Riley Financial cut their price target on shares of Blaize from $8.00 to $5.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Blaize has a consensus rating of “Moderate Buy” and an average target price of $4.63.

Insiders Place Their Bets

In other Blaize news, CFO Harminder Sehmi sold 40,609 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $1.97, for a total transaction of $79,999.73. Following the completion of the transaction, the chief financial officer owned 340,991 shares of the company’s stock, valued at approximately $671,752.27. This trade represents a 10.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Cannestra sold 50,000 shares of Blaize stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $1.85, for a total transaction of $92,500.00. Following the transaction, the director owned 50,000 shares of the company’s stock, valued at $92,500. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 314,069 shares of company stock worth $668,489. 17.40% of the stock is currently owned by company insiders.

Institutional Trading of Blaize

Several institutional investors have recently bought and sold shares of the company. Resurgent Financial Advisors LLC purchased a new stake in Blaize during the 4th quarter valued at $26,000. Legal & General Group Plc bought a new position in shares of Blaize during the third quarter valued at $26,000. Bank of Montreal Can bought a new position in shares of Blaize during the fourth quarter valued at $30,000. Cetera Investment Advisers purchased a new stake in shares of Blaize during the fourth quarter valued at $38,000. Finally, Virtu Financial LLC bought a new stake in Blaize in the 3rd quarter worth about $42,000. 97.12% of the stock is owned by hedge funds and other institutional investors.

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.