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Blaize Holdings (BZAI) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Blaize Holdings (BZAI) Q2 2026 earnings results →
Q2 2026 Revenue up 505% year over year to $12.0M · 240¢ of every $1 of revenue lost · operating margin -255.4%
Blaize Holdings made $12.0M in Q2 2026 (+505% Y/Y). Operating margin -255.4%, net loss $28.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
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What changed this quarter
Revenue was $12.0M in Q2 2026, up 505% year over year and up 338% from the previous quarter.
Gross margin was 7.7%, down 51.8 points from Q2 2025. Operating costs exceeded revenue by $30.6M, an operating margin of -255.4%. Operating expenses grew 37% against revenue growth of 505%. The fastest-growing cost line was Other operating costs (+4514%). The quarter ended with a net loss of $28.8M, wider than the previous quarter's $22.7M loss.
Operating cash flow was −$28.7M. Capital expenditures of $523K exceeded it, leaving free cash flow of −$29.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $12.0M | +505% | -255.4% | −$28.8M | −$28.7M |
| Q1 2026 | 10-Q | May 14, 2026 | $2.7M | +172% | -854.2% | −$22.7M | −$12.6M |
| Q4 2025 | 10-K | Mar 24, 2026 | $23.8M | 23,776× | -89.8% | −$3.3M | −$16.5M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $11.9M | 15× | -190.3% | −$26.3M | −$24.9M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $2.0M | +789% | n/m | −$29.6M | −$16.4M |
| Q1 2025 | 10-Q | May 14, 2025 | $1.0M | +83% | n/m | −$148M | −$15.9M |
| Q4 2024 | 10-K | Apr 15, 2025 | $1K | — | n/m | −$2.6M | −$270K |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Blaize Holdings
Blaize Holdings, Inc. (“Blaize,” the “Company,” “we,” “us,” and “our”) develops purpose-built AI-enabled computing solutions comprised of both our proprietary hardware and software, and complementary third-party hardware solutions, as further described below. Our computing solutions are designed for efficient processing of AI inference workloads across edge and data center environments. Our architecture supports AI workloads where latency, power efficiency, and cost efficiency are important considerations. Our systems can process data locally at the edge or within data center infrastructure, depending on deployment requirements. Local processing can reduce bandwidth usage and support latency-sensitive applications requiring real-time decision making.
In its own words, from its 10-K, filed Mar 24, 2026.
Blaize Holdings against its Semiconductors & Related Devices peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +505% against the peers' median +45%. Operating margin: -255.4% against the peers' median 40.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BZAI Blaize Holdings | Q2 2026 | $12.0M | +505% | -255.4% |
| NVDA NVIDIA | Q2 FY27 | $96.2B | +106% | 66.2% |
| MU Micron Technology | Q4 FY26 | $54.2B | +379% | 80.7% |
| AVGO Broadcom | Q3 FY26 | $29.6B | +86% | 53.9% |
| INTC Intel | Q3 2026 | $16.5B | +21% | 15.3% |
| AMD Advanced Micro Devices | Q3 2026 | $13.4B | +45% | 21.2% |
| AMAT Applied Materials | Q3 FY26 | $9.1B | +25% | 33.7% |
| TXN Texas Instruments | Q3 2026 | $6.1B | +28% | 47.5% |
| ADI Analog Devices | Q3 FY26 | $4.0B | +40% | 40.1% |
Source: Blaize Holdings 10-Q on SEC EDGAR · CIK 1871638 · Semiconductors & Related Devices
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results