Revenue: As of FY2026 Q2, the actual value is USD 12 M.

EBIT: As of FY2026 Q2, the actual value is USD -28.51 M.

Second Quarter 2026 Financials

Revenue for the second quarter of 2026 was $12.0 million, an increase from $2.0 million in the second quarter of 2025 and $2.7 million in the first quarter of 2026.Gross margin was 8%, compared to 58% in the first quarter of 2026 and 59% in the second quarter of 2025, with the sequential decline attributed to a revenue mix weighted toward lower-margin third-party server hardware.Net loss was - $28.8 million, compared with a net loss of - $22.7 million in the first quarter of 2026 and - $29.6 million in the second quarter of 2025.Adjusted EBITDA loss was - $20.9 million, compared with an Adjusted EBITDA loss of - $13.9 million in the first quarter of 2026 and - $12.9 million in the second quarter of 2025.Cash and cash equivalents totaled $36.8 million as of June 30, 2026, an increase from $33.2 million as of March 31, 2026.

First Six Months of 2026 Financials

Revenue for the first six months of 2026 was $14.7 million, up from $3.0 million in the first six months of 2025.Gross margin for the first six months was 17%, compared to 62% in the first six months of 2025.Net loss was - $51.5 million, significantly lower than the net loss of - $177.4 million in the first six months of 2025.Adjusted EBITDA loss was - $34.8 million, compared with an Adjusted EBITDA loss of - $28.3 million in the first six months of 2025.

Operational Highlights

Blaize received a first purchase order from Europe for several thousand Blaize-branded units and observed increased activity across the Asia-Pacific region.The company is actively pursuing four national-scale Hybrid AI Platform programs and advancing the development of Blaize AI Services.Customer qualifications in aerial robotics and ruggedized platforms have advanced, supporting potential higher-volume deployments.Blaize closed a binding agreement covering 2,000 servers, representing approximately $70.0 million at current memory pricing, with about $20.0 million expected to be recognized as revenue in the second half of 2026 and approximately $50.0 million representing contracted backlog for 2027.

2026 Financial Outlook

Blaize updated its full-year revenue outlook to a range of $40.0 million to $43.0 million, reflecting engagements that did not convert into orders and higher memory pricing impacting supply chain costs.The full-year Adjusted EBITDA loss is projected to be in the range of - $62.0 million to - $65.0 million, with stock-based compensation estimated at approximately $34.7 million and weighted average shares outstanding at approximately 141 million shares.This revised revenue outlook is based on binding, non-cancellable purchase orders, primarily from its largest customer, and excludes opportunities still advancing.