--- title: "Backblaze Shares Surge on Strong Q2 Results, Upbeat Guidance" type: "News" locale: "en" url: "https://longbridge.com/en/news/294847014.md" description: "Backblaze (NASDAQ:BLZE) shares surged over 37% following strong Q2 2026 results that beat expectations. Revenue rose 18% YoY to $42.7 million, driven by a 34% increase in B2 Cloud Storage. The company raised full-year revenue guidance to $172-$174 million and highlighted a $335 million strategic agreement with CoreWeave to support AI workloads." datetime: "2026-08-04T15:31:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294847014.md) - [en](https://longbridge.com/en/news/294847014.md) - [zh-HK](https://longbridge.com/zh-HK/news/294847014.md) generator: "portal-rs" --- # 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. For the full year 2026, Backblaze raised its revenue outlook to a range of $172 million to $174 million, compared to analyst expectations of $162.326 million. ## Strong AI Momentum and Executive Outlook Management emphasized the company’s pivotal role in supporting expanding AI workloads. Co-founder and CEO **Gleb Budman** noted that the period was driven by high-end performance in revenue and Adjusted EBITDA. The Backblaze CEO highlighted a landmark $335 million strategic agreement with **CoreWeave** as validation of Backblaze’s capacity storage layer, stating that AI workloads require scalable exabyte capacity with performance at attractive economics where the company is built to win. ## BLZE Shares Surge Tuesday Morning **BLZE Price Action:** Backblaze shares were up 37.78% at $21.48 at the time of publication on Tuesday. The stock is trading at a new 52-week high, according to Benzinga Pro data. **Read Also: Stock Market Today: S&P 500, Dow and Nasdaq Futures Gain as Scott Bessent Says Hormuz Deal Could Come Soon— Caterpiller, Palantir in Focus** *Image: Shutterstock* ### Related Stocks - [BLZE.US](https://longbridge.com/en/quote/BLZE.US.md) - [CRWV.US](https://longbridge.com/en/quote/CRWV.US.md) - [CWVX.US](https://longbridge.com/en/quote/CWVX.US.md) - [CRWU.US](https://longbridge.com/en/quote/CRWU.US.md) - [CRWG.US](https://longbridge.com/en/quote/CRWG.US.md) - [CORD.US](https://longbridge.com/en/quote/CORD.US.md) - [CWY.US](https://longbridge.com/en/quote/CWY.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) ## Related News & Research - [BUZZ-AI storage firm Backblaze stabilizes after boosted $175 mln convertible offering](https://longbridge.com/en/news/296479463.md) - [Backblaze prices upsized USD 175 million convertible senior notes offering](https://longbridge.com/en/news/296827253.md) - [Backblaze proposes private offering of $150 million convertible senior notes due 2031](https://longbridge.com/en/news/296264464.md) - [Backblaze Announces Pricing of Upsized $175 Million Convertible Senior Notes Offering | BLZE Stock News](https://longbridge.com/en/news/296425045.md) - [Lorka AI Report Finds Higher Workplace AI Adoption Among Younger Workers](https://longbridge.com/en/news/297049938.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**