Blaize

Q2 FY2026 EarningsQ2 FY26 results missed consensus across all primary financial metrics. Revenue of $12.0M slightly lagged the $12.3M expectation, while gross margin plummeted to 8.0% (vs. 7.62% expected) due to a mix shift toward low-margin third-party hardware. GAAP Net Loss of $28.8M was significantly wider than the $22.8M consensus, driven by inflationary memory costs and slower order conversion. Full-year revenue guidance was cut to $40M–$43M, substantially below previous trajectories, leading to a negative outlook.