Backblaze Q2 revenue beats estimates; shares of the company were up about 13% in extended trading

For the third quarter of 2026, Backblaze sees revenue between $44.4 million and $44.8 million and expects an adjusted EBITDA margin of 27% to 29%.

The company raised its full-year 2026 outlook to $172 million to $174 million in revenue and lifted its full-year adjusted EBITDA margin view to 27% to 29%.

Backblaze reported second-quarter revenue of $42.70 million, up 18% year over year and above analyst expectations of $39.93 million. Adjusted earnings per share came in at $0.08, beating the consensus estimate of -$0.11.

The company reported a $5.10 million net loss and $5 million in adjusted net income for the quarter. Adjusted gross profit was $34.30 million.

The average analyst rating on Backblaze shares is "buy", with strong buy or buy ratings, , and no sell or strong sell ratings.