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Blaize Holdings (BZAI) AI Stock Analysis
Blaize Holdings
(NASDAQ:BZAI)
The score is held down primarily by weak financial quality (large losses and heavy negative free cash flow) and significant negative catalysts (renewed guidance cut, investigations/class action, and Nasdaq bid-price noncompliance). Technicals also show a pronounced downtrend with very weak momentum. Offsetting factors are limited to improving revenue traction off a small base, low balance-sheet leverage, and some contracted backlog plus cost-reduction actions.
Blaize Holdings (BZAI) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $29.70M
- Dividend Yield
- ―
- Average Volume (3M)
- 4.32M
- Price to Earnings (P/E)
- -0.3
- Beta (1Y)
- 0.66
- Revenue Growth
- 1585.05%
- EPS Growth
- 67.97%
- Country
- US
- Employees
- 241
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Semiconductors
Blaize Holdings Business Overview & Revenue Model
Company Description
Blaize Holdings, Inc. provides artificial intelligence (AI)-enabled edge computing solutions. Its portfolio includes programmable AI processors in a broad range of form factors, deployable across several verticals, including smart city, defense, reta...
Blaize Holdings Earnings Call Summary
The call presents a mixed picture: the company shows meaningful top-line momentum year-to-date, sizable contracted orders/backlog, geographic expansion, and a strategic shift toward software and platform-driven margins. However, these positives are overshadowed by a dramatic reduction in near-term revenue guidance (from $130M to $40–43M), severe margin compression in Q2, rising operating losses and one-time charges, supply-chain-driven cost pressure (memory pricing), and delayed customer conversions. Management is taking disciplined steps to preserve cash, realign spending, and pursue non-dilutive financing, and they outline a credible longer-term plan centered on AI Services and next-generation products, but near-term financial challenges are significant.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management revised 2026 revenue guidance sharply to $40–$43 million (down from prior ~$130 million), while disclosing a signed agreement for ~2,000 servers worth about $70 million (part to convert in 2026, with roughly $50 million of committed backlog expected at Dec. 31 at current memory prices); they now expect H2 gross margin of 17–19% (Q2 gross profit was $0.9M, a ~8% margin vs. 58% in Q1), full‑year adjusted EBITDA loss of $62–65M, and Q2 revenue of $12M (H1 revenue $14.7M, up 390% YoY from $3M); operating expense in Q2 was $31.5M (up 32% sequentially), R&D was $10.5M (including $3.7M stock comp), adjusted EBITDA loss in Q2 was $20.9M (vs. $13.9M prior), cash ended the quarter at $36.8M (up $3.6M) after $9.4M of customer receipts and $32.8M net equity proceeds, and management said Q3 should be similar to Q2 with a heavier Q4, expects first AI Services revenue this year, and projects 2027 revenue of roughly 2.5x–3x the 2026 guide.
Blaize Holdings Financial Statement Overview
Summary
Revenue growth is strong (TTM ~24% and strong 2026 H1 YoY growth noted), and leverage is low with effectively zero total debt and positive equity. However, fundamentals are dominated by deeply negative profitability (TTM net margin about -161%), low/compressed gross margin (~14% TTM), and very weak cash generation with materially negative operating and free cash flow (TTM FCF roughly -$83M), implying ongoing funding needs.
Income Statement
26NegativeBalance Sheet
58NeutralCash Flow
22Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.37M | 38.63M | 1.55M | 0 | 0 | 0 |
| Gross Profit | 5.88M | 5.00M | 89.00K | 0 | 0 | 0 |
| EBITDA | -96.98M | -90.60M | -46.53M | -1.34M | 1.23M | -66.79K |
| Net Income | -81.02M | -206.90M | -61.20M | 1.34M | 1.67M | -65.89K |
Balance Sheet | ||||||
| Total Assets | 79.51M | 102.24M | 78.50M | 72.59M | 19.28M | 293.74M |
| Cash, Cash Equivalents and Short-Term Investments | 36.85M | 45.78M | 50.24M | 25.38M | 4.91M | 1.54M |
| Total Debt | 0 | 2.14M | 165.08M | 21.23M | 4.81M | 144.75K |
| Total Liabilities | 36.72M | 63.24M | 188.96M | 41.44M | 89.82M | 10.76M |
| Stockholders Equity | 42.79M | 39.00M | -110.46M | 31.15M | -70.54M | 282.98M |
Cash Flow | ||||||
| Free Cash Flow | -83.42M | -82.20M | -54.43M | -2.34M | -40.72M | 100.27K |
| Operating Cash Flow | -82.67M | -81.41M | -53.53M | -2.34M | -40.22M | 100.27K |
| Investing Cash Flow | -746.00K | -788.00K | -902.00K | 230.12M | -493.00K | -291.81M |
| Financing Cash Flow | 91.30M | 77.76M | 101.71M | -226.97M | 39.09M | 293.25M |
Blaize Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BZAI, the sentiment is Negative. The current price of 0.20 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.38, and below the 200-day MA of 1.13, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 32.79 is Neutral, neither overbought nor oversold. The STOCH value of 43.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BZAI.
Blaize Holdings Risk Analysis
Blaize Holdings disclosed 63 risk factors in its most recent earnings report. Blaize Holdings reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksBlaize Holdings Peers Comparison
Overall Rating
AMBA59Neutral
CEVA54Neutral
QUIK48Neutral
AEVA47Neutral
ARBE47Neutral- BZAI40Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| AMBA | 59Neutral | $2.58B | -45.39 | -9.34% | ― | 20.04% | 38.40% |
| CEVA | 54Neutral | $762.98M | -67.25 | -3.42% | ― | 8.82% | 2.60% |
| QUIK | 48Neutral | $147.37M | -10.31 | -50.90% | ― | -9.42% | -61.14% |
| AEVA | 47Neutral | $766.76M | -5.16 | -756.88% | ― | 62.91% | 27.14% |
| ARBE | 47Neutral | $55.64M | -1.23 | -88.73% | ― | 250.00% | 35.86% |
| BZAI | 40Underperform | $29.70M | -0.30 | -298.56% | ― | 1585.05% | 67.97% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| BZAI | Blaize Holdings, Inc. | 0.20 | -3.18 | -93.96% | |
| CEVA | Ceva Inc | 27.10 | 1.09 | 4.19% | |
| QUIK | QuickLogic | 8.04 | 0.81 | 11.27% | |
| AMBA | Ambarella Inc. | 58.55 | -35.87 | -37.99% | |
| AEVA | Aeva Technologies, Inc. | 11.00 | -2.60 | -19.12% | |
| ARBE | Arbe Robotics Ltd. | 0.43 | -1.23 | -73.92% |
Blaize Holdings Corporate Events
Blaize Holdings Announces Series B Preferred Voting Rights
NeutralOn October 16, 2026, Blaize Holdings’ board declared a dividend of one one-thousandth of a share of newly designated Series B Preferred Stock for each outstanding common share, payable to holders of record on October 26, 2026. The Series B Pref...
Blaize Cuts 2026 Outlook Amid Legal and Payment Strains
NegativeBlaize Holdings, Inc., a San Jose-based AI computing company, operates a programmable platform that runs AI inference across edge, cloud and data centers, serving sectors such as smart cities, industrial automation and logistics. The group maintains...
Blaize Holdings Faces Nasdaq Minimum Bid Price Noncompliance
NegativeOn September 28, 2026, Blaize Holdings received notice from Nasdaq’s Listing Qualifications Department that its common stock had traded below the $1.00 minimum closing bid price for 30 consecutive business days, putting it out of compliance wit...
Blaize Holdings Restructures to Focus on AI Growth
PositiveOn September 24, 2026, Blaize Holdings, Inc. implemented a board-approved restructuring plan aimed at reducing costs and improving operational efficiency, centered on a reduction in force affecting approximately 26% of its workforce and related strea...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 27, 2026