Blaize (NASDAQ:BZAI) Releases Earnings Results

Blaize (NASDAQ:BZAI) issued its quarterly earnings results on Tuesday. The company reported ($0.03) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $23.78 million during the quarter.

Here are the key takeaways from Blaize’s conference call:

• Revenue accelerated from roughly $1M in Q1 to $23.8M in Q4 and $38.6M for FY2025, beating guidance and showing strong commercial momentum.
• Management guided to $130M revenue for 2026 with margins rising to 30–35% by Q4 and an adjusted EBITDA loss of $45–50M, while ending 2025 with $46M cash and a $250M shelf to provide optional capital.
• Blaize plans to launch its Blaize AI Services platform (initial release targeted in Q2) to monetize inference via API-based services and attach software revenue to hardware deployments.
• The company highlighted expanding international traction and partnerships—notably an MoU with Nokia APAC and regional deals in India, China, Korea, MENA, and APAC—which could drive multi-phase, land-and-expand deployments.
• GAAP results show a large full-year net loss of $206.9M, driven by non-cash charges (including a $226M fair value charge) and significant adjusted EBITDA losses, reflecting substantial near-term financial drag and execution risk.

Blaize Trading Up 0.9%

Shares of BZAI stock opened at $1.11 on Wednesday. Blaize has a 12-month low of $1.00 and a 12-month high of $6.76. The stock has a market capitalization of $123.20 million, a P/E ratio of -1.56 and a beta of 0.35. The firm’s 50 day moving average is $1.37 and its 200 day moving average is $2.52.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Blaize in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $7.00.

Hedge Funds Weigh In On Blaize

Institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc purchased a new stake in Blaize in the third quarter worth about $26,000. Virtu Financial LLC purchased a new position in shares of Blaize during the 3rd quarter valued at about $42,000. ProShare Advisors LLC bought a new position in shares of Blaize during the 3rd quarter valued at approximately $43,000. Voya Investment Management LLC bought a new position in shares of Blaize during the 3rd quarter valued at approximately $44,000. Finally, Resurgent Financial Advisors LLC purchased a new stake in Blaize in the 4th quarter worth approximately $26,000. 97.12% of the stock is currently owned by hedge funds and other institutional investors.

About Blaize

Blaize (NASDAQ: BZAI) is a fabless semiconductor company that designs and develops hardware and software solutions for artificial intelligence (AI) and machine learning applications at the edge. The company’s core technology is centered on its proprietary Graph Streaming Processor (GSP) architecture, which combines dataflow computing with a highly parallel matrix processing engine to deliver real-time AI inference with low power consumption. Blaize’s platform is aimed at customers seeking to deploy sophisticated AI workloads in environments where power efficiency, latency and form factor are critical.

The company offers a hardware portfolio that includes standalone GSP modules, PCIe cards and M.2 form-factor boards, alongside its Blaize AI software stack.