Blaize cuts 2026 revenue outlook on slower order conversion, higher memory costs
BZAI•Updated outlook
- Blaize sees 2026 revenue at $40 million-$43 million, down from prior outlook.
- Company expects $20 million revenue from major server agreement in H2 2026, and $50 million in 2027.
- Blaize projects 2026 adjusted EBITDA loss of $62 million-$65 million.
Quarterly results
- Edge AI computing firm's Q2 revenue rose sharply year over year, while gross margin declined to 8%.
- Q2 net loss improved slightly year over year.
- Company cut full-year 2026 revenue outlook due to slower order conversion and higher memory costs.
Drivers behind the revision
- Lower-margin hardware - Company said gross margin fell due to revenue mix weighted toward lower-margin third-party server hardware.
- Slower order conversion - Company said reduced full-year outlook reflects slower pace of converting opportunities into orders.
- Higher memory costs - Company cited materially higher memory pricing as a factor in cost inflation and the revised outlook.
