Blaize Holdings, Inc. — Third Quarter 2026 Earnings Summary

Financial Performance

• Preliminary revenue for the third quarter ending September 30, 2026, is expected to be approximately $0.5 million.
• Full-year 2026 revenue guidance has been revised to a range of $32.0 million to $36.0 million.
• The revised guidance incorporates binding, non-cancellable purchase orders from NeoTensr and a new purchase order from an existing customer currently in the signature process.
• Product shipments to NeoTensr this quarter relate to a contract announced in April 2026 valued at up to $50.0 million.
• The company has sufficient inventory on hand to partially fulfill fourth-quarter orders and is working with suppliers to obtain the balance before year-end.
• Revenue recognition could be adversely affected by delays in shipment timing or customer payments scheduled during the fourth quarter.
• Additional revenue could be additive if increased costs are passed through to customers, new customer commitments are received, or software service agreements are recognized in the quarter.

Guidance and Future Outlook

• The full-year 2026 revenue outlook is adjusted to reflect updated expectations regarding shipment timing and working capital management to meet inventory purchase needs.
• Future revenue potential depends on the successful fulfillment of orders using existing inventory or newly acquired stock before the end of the year.

Business Segments and Product Lines

• The company's Hybrid AI architecture, combining the Blaize GSP (Graph Streaming Processor) with GPU-based infrastructure, supports AI inference workloads across edge, cloud, and data center environments.
• Solutions support computer vision, multimodal AI, and sensor-driven applications in sectors including smart cities, industrial automation, telecommunications, retail, logistics, and mission-critical operations.

Other Key Points

• This announcement serves as a preliminary update and is subject to completion of quarter-end closing procedures; actual results may differ materially from the preliminary estimate.
• The company filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission regarding these updates.
• The press release includes a cautionary statement regarding forward-looking statements, noting that actual results may differ due to risks and uncertainties outside the company's control.
• Investors are directed to the company's Annual Report on Form 10-K for the year ended December 31, 2025, filed on March 24, 2026, and amended on April 30, 2026, for detailed risk factors.