---
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)
---

# 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_

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