AI Earnings Predictions for Blaize Holdings Inc. (BZAI)

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EXHIBIT 99.1

Blaize Provides Preliminary Third Quarter 2026 Revenue Update and Full-Year Guidance Update

SAN JOSE, Calif. – October 5, 2026 - Blaize Holdings, Inc. (Nasdaq: BZAI; BZAIW) (“Blaize” or the “Company”), a leader in programmable, energy-efficient AI computing, today announced its preliminary third quarter 2026 revenue. The Company also provided an update regarding its previously issued full-year 2026 revenue guidance. These matters are further described in a Current Report on Form 8-K filed today with the U.S. Securities and Exchange Commission.

Preliminary Third Quarter 2026 Revenue and Full Year Outlook

The Company expects to report preliminary revenue of approximately $0.5 million for the third quarter ending September 30, 2026.

The Company’s preliminary third-quarter revenue estimate is based on currently available information and remains subject to completion of the Company’s quarter-end closing procedures. Actual results could differ materially from this preliminary estimate.

Given the foregoing and as noted below, the Company is revising its full-year revenue guidance for 2026 to be between $32.0 million and $36.0 million. The revised guidance is based on binding, non-cancellable purchase orders from NeoTensr and a new purchase order from an existing customer in process of signature. The product shipments to NeoTensr this quarter relate to the contract announced by the Company in April 2026 for up to $50.0 million. The revision reflects the Company’s updated expectations regarding shipment timing and management of working capital to meet inventory purchase needs. The Company has sufficient inventory on hand to partially fulfill the orders in the fourth quarter and is working with suppliers to obtain the balance before the year end. Any increased costs that are able to be passed through to customers or new customer commitments received during the fourth quarter that can be fulfilled through inventory on hand or software service agreements and recognized in the quarter would be additive to the Company’s revenue expectations. Should there be delays in timing or in receiving payments from customers scheduled during the fourth quarter, the Company’s revenue recognition for the year could be adversely affected.

About Blaize

Blaize delivers a programmable AI platform, purpose-built for AI inference workloads in real-world environments. Its Hybrid AI architecture combines the Blaize GSP (Graph Streaming Processor) with GPU-based infrastructure, enabling AI inference workloads to run across edge, cloud, and data center. Blaize solutions support computer vision, multimodal AI, and sensor-

driven applications across smart cities, industrial automation, telecommunications, retail, logistics, and mission-critical operations. Blaize is headquartered in San Jose, California, with a presence across North America, Europe, the Middle East, and Asia. Visit www.blaize.com or follow us on LinkedIn @blaizeinc.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact contained in this press release are forward-looking statements, including statements regarding the Company’s preliminary estimated revenue for the three months ended September 30, 2026, and the Company’s guidance and expectations for the fourth quarter of 2026.

Forward-looking statements are based on management’s current expectations and are subject to risks, uncertainties and changes in circumstances, many of which are outside the Company’s control. Actual results may differ materially from those expressed or implied by these forward-looking statements. Important factors that could cause actual results to differ materially are discussed in the Company’s filings with the Securities and Exchange Commission, including the risk factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 24, 2026, as amended on April 30, 2026. Forward-looking statements speak only as of the date of this press release, and the Company assumes no obligation to update them except as required by law.

Investors Contact IR@blaize.com

Media Contact press@blaize.com

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Exhibit 99.1

Blaize Reports Second Quarter 2026 Financial Results

El Dorado Hills, Calif. – August 13, 2026 – Blaize Holdings, Inc. (NASDAQ: BZAI, NASDAQ: BZAIW) (“Blaize,” the “Company,” “we,” “us,” and “our”) , a leader in programmable, energy-efficient edge AI computing, today reported financial results for the second quarter ended June 30, 2026.

Second-quarter revenue was $12.0 million, compared with $2.7 million in the first quarter of 2026. Blaize also updated its full-year 2026 revenue outlook to a range of $40.0 million to $43.0 million, reflecting engagements that did not convert into orders, and supply chain cost inflation driven by materially higher memory pricing.

Commercial activity continues across Blaize’s two primary revenue engines: physical AI, spanning autonomous systems, robotics and ruggedized equipment, and the Company’s Hybrid AI Platform. Recent progress includes a first purchase order from Europe for several thousand units and increased activity across the Asia-Pacific region.

Blaize closed a binding agreement covering 2,000 servers, representing approximately $70.0 million at current memory pricing. The Company expects approximately $20.0 million of the agreement to be recognized as revenue in the second half of 2026, with the remaining approximately $50.0 million representing contracted backlog expected to be fulfilled in 2027. The total value of the agreement will vary with memory pricing.

Management Commentary

“While we delivered solid sequential revenue growth in the second quarter, we have reduced our full-year revenue outlook,” said Dinakar Munagala, co-founder and CEO of Blaize. “What changed is the pace at which opportunity converts into orders, alongside materially higher memory pricing.”

“At the same time, we are seeing broader commercial engagement across our target markets and customer base. We opened Europe this year and activity across Asia-Pacific has increased. We believe that diversification, together with more disciplined forecasting and execution, can provide a stronger foundation for more predictable growth over time.”

Harminder Sehmi, CFO of Blaize, added, “Our revised full-year revenue outlook is weighted toward revenue from our largest customer and is based on binding, non-cancellable purchase orders that we believe we can fulfill with inventory commitments already made or planned. We have excluded opportunities that are still advancing, regardless of how far along they may be. This provides a more disciplined basis for our outlook for the remainder of 2026.”

“We are also reviewing our cost structure against our revenue priorities, with an emphasis on operating discipline, optimizing cash consumption and preserving the core capabilities required to execute our strategy.”

Business and Operational Highlights

•Received a first purchase order from Europe for several thousand Blaize-branded units.

•Actively pursuing four national-scale Hybrid AI Platform programs at different stages of development, including applications for facility supervision, production quality grading and fuel-retail monitoring.

•Advancing development of Blaize AI Services in response to requirements from active customer programs, with additional capabilities planned across document processing, quality grading, compliance scoring, video analytics, small language model assistants and industry-specific services.

•Advanced customer qualifications in aerial robotics and ruggedized platforms, supporting potential higher-volume deployments.

Second Quarter 2026 Financials

•Revenue was $12.0 million, compared with $2.0 million in the second quarter of 2025.

•Gross margin was 8%, compared with 58% in the first quarter of 2026 and 59% in the second quarter of 2025. The sequential decline primarily reflects a revenue mix weighted toward lower-margin third-party server hardware.

•Net loss was $28.8 million, compared with a net loss of $22.7 million in the first quarter of 2026 and $29.6 million in the second quarter of 2025.

•Adjusted EBITDA loss, a non-GAAP financial measure, was $20.9 million, compared with an Adjusted EBITDA loss of $13.9 million in the first quarter of 2026 and $12.9 million in the second quarter of 2025.

•Cash and cash equivalents were $36.8 million as of June 30, 2026, compared with $33.2 million as of March 31, 2026.

First Six Months of 2026 Financials

•Revenue was $14.7 million, compared with $3.0 million in the first six months of 2025.

•Gross margin was 17%, compared with 62% in the first six months of 2025.

•Net loss was $51.5 million, compared with a net loss of $177.4 million in the first six months of 2025.

•Adjusted EBITDA loss was $34.8 million, compared with an Adjusted EBITDA loss of $28.3 million in the first six months of 2025.

2026 Financial Outlook

The following forward-looking statements are based on current expectations, and actual results may differ materially, as described bel

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EXHIBIT 99.1

Blaize Announces First Quarter 2026 Financial Results

•Four new strategic partnerships announced with NeoTensr, Nokia, Datacomm Diangraha, and Winmate

•Blaize AI Services platform announced at GITEX AI 2026, with face recognition being the first application-level AI service

•Strengthened capitalization through $35 million registered equity offering supported by large institutional investors

•Full year 2026 revenue guidance reaffirmed at $130 million

El Dorado Hills, Calif. – May 14, 2026 – Blaize Holdings, Inc. (NASDAQ: BZAI, NASDAQ: BZAIW) (“Blaize,” the “Company,” “we,” “us,” and “our”), a leader in programmable, energy-efficient edge AI computing, today announced financial results for the first quarter ended March 31, 2026, reflecting continued strong and focused execution as edge AI infrastructure draws increased global attention.

Blaize reflected a breakout growth year in 2025, and expects 2026 to continue that trend, anchored by four new strategic partnerships, the rollout of the Blaize AI Services platform, and a strengthened capital position. These developments are anticipated to bring a diversified and expanded customer pipeline geographically and broaden Blaize’s exposure across data center, sovereign AI, and rugged edge markets.

“Our recent commercial engagements each mark something specific about where Blaize is heading. Our new NeoTensr contract has recently resulted in an $11 million purchase order, which we expect to fulfill in the second quarter. Nokia brings us into the global AI infrastructure space through its AI cloud provider business, with Datacomm as the first reference cloud service provider customer of that joint engagement. We expect our partnership with Winmate to result in Blaize chips in rugged platforms at commercial scale across public safety and critical infrastructure. The rollout of Blaize AI Services, starting with face recognition, marks a shift in our model toward additional recurring, API-based revenue,” said Dinakar Munagala, co-founder and CEO of Blaize. “Together these extend our reach, deepen the pipeline, and shape a more durable long-term revenue mix.”

Business and Operational Highlights

•Asia Pacific Edge Data Center Expansion with NeoTensr. Blaize signed a contract with NeoTensr valued at up to $50 million for co-branded edge AI, building upon Blaize’s fourth quarter 2025 order from NeoTensr of over $20 million. The partnership targets multi-edge inference deployment across Asia Pacific using Blaize’s hybrid architecture and the new Blaize AI Services stack.

•Announcement of Blaize AI Services and Face Recognition. At GITEX AI 2026, Blaize introduced Blaize AI Services, a platform designed to help cloud providers, data center operators, system integrators, and enterprises deploy application-level AI services faster and at lower cost. Blaize AI Services is expected to create recurring and higher margin revenue. Face recognition, as the first application service on the platform, has now been released,

signifying the Company’s addition of recurring, API-based, per-query revenue to its hardware revenue. Additional services are expected to follow.

•Blaize, Nokia, and Datacomm Strategic Alliance. Blaize, Nokia, and Datacomm announced a strategic alliance to deliver hybrid AI inference infrastructure across Southeast Asia, with the joint architecture designed for pre-integrated deployment combining AI Services and compute, network, security, and lifecycle automation. The parties are exploring AI inference solutions across Indonesia, with initial focus on physical AI, public safety, surveillance, and industrial AI applications. Datacomm has cited a 50% surge in regional AI inference demand over the past six months.

•Winmate Strategic Partnership. Blaize and Winmate signed a strategic partnership agreement to bring AI to rugged defense and critical infrastructure systems, with the parties intending to close approximately $15 million in business during the first year and expectations to scale meaningfully in subsequent years. Joint solutions combining Blaize’s energy-efficient, industrial-grade AI chips with Winmate’s rugged platforms are expected to include drones, handhelds, vehicle mounted units, and embedded edge devices used by border security, maritime, defense, and healthcare operations.

“Our recent equity raise strengthened the balance sheet and drew strong participation from high-quality institutional investors, including marquee names with deep exposure to the data center and AI infrastructure ecosystem. The well-subscribed offering extends our financial runway and supports the growth initiatives ahead,” said Harminder Sehmi, Chief Financial Officer of Blaize. “We remain focused on disciplined execution, with particular emphasis on building the inventory needed to fulfill our contracted pipeline.”

First Quarter 2026 Financials

•First quarter 2026 revenue was $2.7 million, an

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Exhibit 99.1

Blaize Announces Expected First Quarter 2026 Revenue and Newly Awarded Contract with NeoTensr Anticipated to Generate $50.0 Million in Revenue

•First quarter 2026 revenue expected to be $2.7 million, impacted by memory inventory and supply chain delays

•Blaize maintains full year 2026 revenue guidance of $130.0 million

•New NeoTensr contract expected to generate up to $50.0 million in revenue

EL DORADO HILLS, Calif., April 14, 2026 /PRNewswire/ -- Blaize Holdings, Inc. (Nasdaq: BZAI, Nasdaq: BZAIW) (“Blaize,” the “Company,” “we,” “our,” or “us”), a leader in programmable, energy-efficient AI computing, announced today expected revenue for the first fiscal quarter ending March 31, 2026, and a newly awarded contract with NeoTensr, a system integrator and software company, expected to generate $50.0 million in revenue, following last week’s previously announced launch of Blaize AI Services.

Preliminary First Quarter Revenue

Expected revenue for the first quarter of 2026 was approximately $2.7 million. Results were primarily impacted by temporary supply chain constraints that affected shipment timing, despite solid underlying customer demand.

“The global memory shortage reduced server purchase availability from our primary supplier in the first quarter of 2026, which prevented us from fulfilling customer demand,” said Harminder Sehmi, CFO of Blaize. “We have secured the inventory needed to deliver $10.0 - $12.0 million to our customer in late April and May, and we remain on track with our full year 2026 revenue guidance.”

Business Updates

Blaize also announced today that it has entered into a new contract with NeoTensr for up to $50.0 million in revenue within the first year of the agreement, with fulfillment expected to begin in the second quarter. This is in addition to over $20.0 million in revenue that Blaize recognized from a NeoTensr order in the fourth quarter of 2025.

“Our agreement covers hybrid systems across edge and enterprise data center environments,” said Dinakar Munagala, Co-Founder and CEO of Blaize. “NeoTensr is building a multi-phased data center infrastructure across Asia Pacific, validating our Hybrid AI architecture, scaling into multi-city edge inference deployments, and incorporating the full Blaize AI Services stack. We expect each stage to drive progressively higher-margin revenue.”

“We chose Blaize because their Hybrid AI platform gives us the foundation to build and monetize AI infrastructure at scale across the Asia Pacific region,” said Liang Wang, CEO of NeoTensr. “From edge inference to full AI Services deployment, this partnership positions NeoTensr to capture a significant share of the growing demand for efficient, production-ready AI across our markets, and we are just getting started.”

Last week at GITEX Asia, Blaize announced the launch of Blaize AI Services to transform AI infrastructure into production-ready APIs. The new platform is designed to help cloud providers, data center operators, system integrators, and enterprises deploy application-level AI services faster, reduce cost per query, and create recurring AI service revenue.

“We continue to meet the demand for sector innovation, as evidenced by the significant interest from cloud service providers and data center operators with our recent launch of Blaize AI Services,” said Dinakar Munagala, Co-Founder and CEO of Blaize. “Blaize AI Services is differentiated by the delivery of quicker and highly efficient deployment of application-level AI services, which we believe represents repeat monetization.”

About Blaize

Blaize delivers a programmable AI platform, purpose-built for AI inference workloads in real-world environments. Its Hybrid AI architecture combines the Blaize GSP (Graph Streaming Processor), an efficient AI processor, with GPU-based infrastructure, enabling AI inference workloads to run across edge, cloud, and data center. Blaize solutions support computer vision, multimodal AI, and sensor-driven applications across smart cities, industrial automation, telecommunications, retail, logistics, and defense. Blaize is headquartered in El Dorado Hills, California, with a global presence across North America, Europe, the Middle East, and Asia. To learn more, visit www.blaize.com or follow us on LinkedIn @blaizeinc.

About NeoTensr

NeoTensr is a technology company specializing in hardware and software system development for edge, enterprise and data center environments. For more information, visit www.neotensr.com.

Cautionary Statement Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”) that are based on beliefs and assumptions and on information currently available to Blaize, including expe

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Exhibit 99.1

Blaize Announces Fourth Quarter and Full-Year 2025 Financial Results

•Revenue grew approximately 20x in 2025, scaling from approximately $1 million in Q1 2025 to $23.8 million in Q4 2025

•Commercial engagements expanded across cloud infrastructure, sovereign AI initiatives, and industrial environments

•Strategic progress continued into Q1 2026 through strategic partnerships, sovereign AI initiatives, and go-to-market leadership expansion

•AI Services platform initiative progressed toward initial release, expected early in the second quarter

El Dorado Hills, Calif. – March 24, 2026 — Blaize Holdings, Inc. (NASDAQ: BZAI, NASDAQ: BZAIW) (“Blaize,” the “Company,” “we,” “us,” and “our”), a leader in programmable, energy-efficient edge AI computing, today announced financial results for the fourth quarter and full year ended December 31, 2025, reflecting strong execution as AI infrastructure increasingly centers on inference-driven systems, enabled by efficiency-focused architectures designed for real-world AI deployment.

In 2025, Blaize delivered $38.6 million in revenue, up from $1.6 million in 2024, marking its first full year of commercial revenue generation. This was driven by expanding engagements with system integrators and solution providers supporting AI inference infrastructure buildout, sovereign AI initiatives, and public safety applications. Fourth-quarter performance also reflected continued sequential growth, with revenue more than doubling from the third quarter.

This execution reflects increasing demand for efficient, real-world AI deployments and positions Blaize to extend its platform into AI services and application delivery over time.

“AI infrastructure is entering its next phase as the industry moves from model training to inference at global scale,” said Dinakar Munagala, co-founder and CEO of Blaize. “As this evolution continues, customers are increasingly focused on cost per inference, power efficiency, and revenue per rack. Blaize is enabling this through a programmable, hybrid AI platform designed for efficient inference across edge and data center environments. Our focus is execution, expanding commercial engagements and converting pipeline into revenue. We are also progressing toward the initial release of the Blaize AI Services platform in the second quarter, extending our strategy toward monetizable, API-based AI capabilities.”

“We delivered strong revenue growth in 2025 and exceeded the upper end of our full-year guidance, reflecting continued execution across our commercial engagements,” said Harminder Sehmi, Chief Financial Officer of Blaize. “We remain focused on disciplined execution as we scale the business, with continued emphasis on efficiency and expanding recurring revenue opportunities over time.”

Fourth Quarter and Full Year 2025 Financial Highlights

•Fourth quarter and full year revenue exceeded the upper end of the Company’s guidance

•Fourth quarter net loss of $3.2 million an improvement over $26.3 million net loss from prior quarter

•Adjusted EBITDA loss of $11.1 million was flat from prior quarter

•Research & Development spend and Sales, General & Administrative costs were flat sequentially

2025 Business Highlights

Blaize’s 2025 growth was driven by increased commercial traction across its core AI infrastructure markets.

•Revenue Contribution: Converted AI infrastructure opportunities into revenue growth throughout 2025.

•Ecosystem Development: Established partnerships with cloud providers, data center operators, and infrastructure partners, enabling AI infrastructure buildout and revenue generating deployments.

•Global Footprint: Increased presence across Asia-Pacific, South Asia, the Middle East, North America, and Europe, strengthening pipeline across infrastructure and application-level opportunities.

Business Developments Since Year-End

Since the end of 2025, Blaize has continued to expand its commercial activity and ecosystem partnerships across key markets:

•Nokia Strategic Collaboration: Following its January 2026 strategic announcement with Nokia, Blaize is advancing the joint AI inference platform development, expanding regional engagements, and preparing for market showcase at GITEX Asia, with active solution work across Southeast Asia and Australia in safety, retail, and infrastructure use cases.

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•India Cloud AI Innovation Hub: Through its MoU with the Government of Telangana, Blaize plans to establish the AI innovation hub and R&D center, supporting applied AI pilots and implementations initiatives across mining safety, smart cities, and agriculture, with real-time monitoring of operations.

•Industrial AI Validation in Korea: Building on its partnership with GSIL, Blaize is co-developing Physical AI solutions for industrial safety, enabling real-time risk detection and predictive safety capabilities, starting with pilots in Korea’s manufacturing environm

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Exhibit 99.1

Blaize Announces Third Quarter 2025 Financial Results

• Momentum continues as Blaize expands Hybrid AI deployments, scaling Practical AI across sovereign and enterprise infrastructure.

• Revenue of $11.9 million, exceeding the upper end of guidance of $11.0 to $11.5 million.

• Closed $30.0 million of financing with Polar Asset Management Partners

El Dorado Hills, Calif. – November 13, 2025 — Blaize Holdings, Inc. (NASDAQ: BZAI, NASDAQ: BZAIW) (“Blaize,” the “Company,” “we,” us,” and “our”), a leader in programmable, energy-efficient edge AI computing, today announced financial results for the quarter ended September 30, 2025, marking another quarter of accelerated execution as the company advances from Hybrid AI validation to significant deployment.

In Q3, Blaize achieved $11.9 million in revenue, reflecting performance on major customer programs and expanding adoption of its Hybrid AI platform across key regions. The Company advanced its commercial deployments, strengthened partnerships across South Asia and the Middle East, and expanded its ecosystem through new collaborations in sovereign and industrial AI infrastructure. Post-quarter, Blaize enhanced its global visibility through new strategic engagements and participation at leading technology and innovation forums, reinforcing its growing leadership in Practical AI for the real world, focused on efficient, outcome-driven intelligence delivering measurable results at scale.

“Q3 was a defining moment for Blaize, marked by 499% sequential revenue growth and accelerating adoption of our Hybrid AI platform in key regions,” said Dinakar Munagala, co-founder and CEO of Blaize. “It validates our belief in Practical AI for the real world, outcome-driven intelligence built on hybrid compute efficiency that delivers measurable results, not theoretical benchmarks.”

Third Quarter 2025 Financial Highlights

GAAP

Three Months Ended

Change

September 30,

June 30,

September 30,

(Unaudited; amounts in thousands, except gross margins)

2025

2025

2024

QoQ

YoY

Revenue

$

11,867

$

1,982

$

781

499

%

1,419

%

Gross profit

$

1,776

$

1,178

$

305

51

%

482

%

Gross margin

15

%

59

%

39

%

(44)pp

(24)pp

Research and development

$

9,676

$

9,613

$

5,799

1

%

67

%

Selling, general and administrative

$

14,321

$

12,992

$

5,546

10

%

158

%

Net loss

$

(26,258

)

$

(29,589

)

$

(25,607

)

(11

)%

3

%

Non-GAAP

Three Months Ended

Change

September 30,

June 30,

September 30,

(Unaudited; amounts in thousands)

2025

2025

2024

QoQ

YoY

Research and development - Non-GAAP

$

5,976

$

6,417

$

5,610

(7

)%

7

%

Selling, general and administrative - Non-GAAP

$

8,535

$

8,622

$

5,376

(1

)%

59

%

Adjusted EBITDA loss

$

(11,066

)

$

(12,933

)

$

(10,478

)

(14

)%

6

%

Business Highlights

• Technology Progress: Continued progress in the commercial rollout of the Blaize AI Platform, with orchestration enhancements improving model optimization and application management. Live demonstrations at GITEX Global 2025 showcased real-world Hybrid AI performance across city safety, retail, and autonomous mobility applications.

• Sovereign AI Infrastructure Expansion: Began deployment of the previously announced AI-powered safety and traffic management program with end-customer Yotta Data Services (Yotta), a leading cloud infrastructure provider in India. Blaize also signed a Memorandum of Understanding (MOU) with Yotta to extend deployment from South Asia into the Middle East.

• Asia Hybrid AI Scale-Up: Initiated fulfillment of the $120 million multi-year contract with Starshine, supporting Hybrid AI deployments across smart urban infrastructure, agriculture, and industrial applications in Asia, enabling scalable, energy-efficient intelligence for city and enterprise systems, with additional regional opportunities planned for 2026.

• Middle East Strategic Partnership: Formed a new strategic collaboration with Technology Control Company (TCC), in Saudi Arabia, to build advanced AI infrastructure and accelerate smart transformation across industries in the Gulf.

• Ecosystem Expansion: Signed a strategic MOU with REACH Digital, the digital-transformation arm of REACH Group, a subsidiary of International Holding Company (IHC), during GITEX Global 2025 in Dubai. The partnership leverages Blaize’s Hybrid AI platform with REACH Digital’s regional influence to build sovereign, interconnected AI ecosystems that service both sectoral and cross-sectoral domains across the Middle East.

• Strategic Investment: After the quarter, we announced a $30.0 million private placement led by Polar Asset Management Partners, a leading institutional investor aligned with Blaize’s long-term vision. The proceeds strengthen the company’s financial position and support continued commercialization, market expansion, and next-generation chip development.

Company Outlook an

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Exhibit 99.1

Blaize Announces $30 Million Private Placement Led by Polar Asset Management Partners; Announces Preliminary Results for Third Quarter 2025

Investment fuels growth and reinforces confidence in Blaize’s edge AI strategy to power global AI infrastructure

El Dorado Hills, Calif. – November 11, 2025 — Blaize Holdings, Inc. (NASDAQ: BZAI, NASDAQ: BZAIW) (“Blaize” or the “Company”), a leader in programmable, energy-efficient edge AI computing, today announced that it has entered into a securities purchase agreement with Polar Asset Management Partners (“Polar”) to raise approximately $30.0 million of gross proceeds through a private investment in public equity (“PIPE”) transaction of common stock and warrants. The offering is expected to close on November 12, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes, including advancing commercialization of the Blaize AI platform across key verticals in growth markets where customer demand continues to accelerate, as well as continued development of the Company’s next-generation chip.

“Polar Asset Management Partners is a marquee institutional investor with deep understanding of AI and strong alignment with Blaize’s long term vision to power real-world intelligence at the edge,” said Dinakar Munagala, co-founder and CEO of Blaize. “This financing further strengthens our balance sheet and demonstrates the continued investor confidence in our commercialization opportunities and platform expansion across key global markets.”

Pursuant to the terms of the securities purchase agreement, the Company is selling 9,375,000 shares of common stock at a price per share of $3.20. The Company is also issuing warrants to purchase 9,375,000 common stock shares with a five-year term and an exercise price of $5.00. The Company has granted Polar a right of participation in future capital raising transactions for a one-year period following the PIPE, subject to certain exceptions and limitations.

The Company expects that the proceeds of the PIPE, together with amounts already raised under the Company’s Committed Equity Facility with B. Riley and anticipated receipts from customers, are expected to fund the core operations of the Company, excluding next-gen chip investments, well into the second half of 2026.

Preliminary Results for the three months ended September 30, 2025

On November 11, 2025, the Company also announced preliminary results for the three months ended September 30, 2025. The company expects to report revenue of approximately $11.9 million, net loss of approximately $26.3 million and Adjusted EBITDA Loss of between $11.0 million and $12.0 million. See Non-GAAP Measures below.

The Company also announced that it shipped its first products to Starshine Computing Power Technology Limited during the third quarter and recognized revenue of approximately $10.4 million, receiving approximately $1.6 million of cash to date.

These preliminary results are based on currently available information and does not present all necessary information for an understanding of the Company’s expected results of operations for the three months ending September 30, 2025. These preliminary estimates have been prepared by and are the responsibility of management. The Company has not completed its closing procedures for the quarter yet and it is possible that items may be identified that require adjustments to the preliminary estimated results set forth above and those changes could be material. Accordingly, undue reliance should not be placed on these preliminary estimates. Further, the Company’s preliminary estimated results are not necessarily indicative of the results to be expected for the remainder of the year or any future period.

Craig-Hallum acted as lead placement agent for the offering, and DA Davidson acted as co-lead placement agent.

The securities being issued and sold in the PIPE have not been registered under the Securities Act of 1933, as amended (the “Securities Act”). Accordingly, these securities may not be offered or sold in the United States, except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act. Concurrently with the execution of the securities purchase agreement, Blaize and Polar entered into a registration rights agreement pursuant to which Blaize has agreed to file a registration statement with the Securities and Exchange Commission registering the resale of the shares of common stock and the shares underlying the warrants.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or

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Exhibit 99.1

Blaize Announces Second Quarter 2025 Financial Results

Second quarter results demonstrate shift from validation to execution, with Hybrid AI and smart infrastructure

deployments underway across Asia

El Dorado Hills, Calif. – August 14, 2025 — Blaize Holdings, Inc. (NASDAQ: BZAI) (“Blaize”), a leader in programmable, energy-efficient edge AI computing, today announced financial results for the quarter ended June 30, 2025 – a quarter that marks a critical inflection point as Blaize shifts from technology validation to execution.

Blaize is deploying its technologies to progress sovereign AI strategies, delivering intelligence to critical infrastructure, and powering AI for public safety networks, including citywide traffic management. Optimized by its programmable, power-efficient Blaize AI Platform, we are enabling Hybrid AI deployments that complement existing GPU systems and running multimodal workloads such as vision, audio and sensor data with greater efficiency and lower total cost.

Hybrid AI is an architectural approach that combines multiple types of AI hardware across edge and cloud environments, assigning each task to the optimal processor. With Blaize’s hybrid AI approach, existing GPU systems handle large-scale training and complex AI in the cloud, while Blaize’s purpose-built platform runs fast, power-efficient inference for workloads like live video, small language models, and sensor data directly at the edge or in the cloud —reducing latency, improving performance-per-watt, and lowering total cost of ownership.

“In recent months, we’ve turned vision into results, securing major contracts to power large-scale customer deployments in the near term, and launching the Blaize AI Platform to accelerate Hybrid AI adoption,” said Dinakar Munagala, co-founder and CEO of Blaize. “With strong revenue growth, a growing customer base, and a platform built for scale, we believe we are entering a new chapter defined by execution and momentum.”

Second Quarter 2025 Financial Highlights

GAAP

Three Months Ended

Change

June 30,

March 31,

June 30,

(Amounts in thousands, except gross margin and changes)

2025

2025

2024

QoQ

YoY (1)

Revenue

$ 1,982

$ 1,007

$ 223

97 %

NM

Gross margin (2)

59 %

68 %

(15 )%

(9 )pp

74pp

Research and development

9,613

13,118

5,872

(27 )%

NM

Selling, general and administrative

12,992

13,357

5,004

(3 )%

NM

Net loss

(29,589 )

(147,761 )

(12,153 )

(80 )%

NM

(1)

NM signifies not meaningful, as the derived percentage is not meaningful to investors.

(2)

Blaize defines gross margin as gross profit divided by revenue, and gross profit as revenue less cost of revenue (excluding depreciation and amortization).

Non-GAAP

Three Months Ended

Change

June 30,

March 31,

June 30,

(Amounts in thousands, except gross margin and changes)

2025

2025

2024

QoQ

YoY (1)

Revenue

$ 1,982

$ 1,007

$ 223

97 %

NM

Gross margin (2)

64 %

5 %

(15 )%

59 pp

79pp

Research and development

6,417

7,143

5,702

(10 )%

NM

Selling, general and administrative

8,622

8,292

4,828

4 %

NM

Adjusted EBITDA loss

(12,933 )

(15,380 )

(10,560 )

(16 )%

NM

(1)

NM signifies not meaningful, as the derived percentage is not meaningful to investors.

(2)

Blaize defines non-GAAP gross margin as non-GAAP gross profit divided by revenue, and non-GAAP gross profit as

revenue less cost of revenue (excluding depreciation and amortization) and non-recurring inventory cost alignments.

•

Revenue for the second quarter of 2025 was approximately $2.0 million, an increase of 97% compared to the first quarter of 2025, and exceeding the upper limit of guidance by approximately 17%. This increase was largely driven by the initial shipments of our South Asia purchase order.

•

Adjusted EBITDA loss, a non-GAAP measure of underlying operating performance, in the second quarter of 2025 was $12.9 million, compared to an Adjusted EBITDA loss of $15.4 million in the first quarter of 2025, reflecting a stable cost base and improved gross margin. For a definition and a reconciliation of Adjusted EBITDA loss to net loss, the most directly comparable GAAP financial metric, see the section entitled, “Non-GAAP Measures” and “Reconciliation of GAAP and Non-GAAP Measures” table below, respectively.

•

Cash and cash equivalents totaled $29.1 million, including $0.5 million held in escrow as of June 30, 2025.

Recent Business Announcements and Updates

Blaize is continuing to capitalize on growing global demand for edge AI, translating pipeline into execution across priority sectors. In the first half of 2025, the company advanced from pilot programs to real deployments, including two foundational contracts that Blaize secured recently that help to validate its product-market fit and reinforce the global demand for Hybrid AI infrastructure.

•

A $120 million agreement with Starshine, a strategic systems partner with customers acro

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1

Blaize Announces First Quarter 2025 Financial Results

•

Converted pipeline into execution across key markets, including U.S. defense, South Korea, and the Gulf

•

Selected by CBIST to lead South Korea’s Chungbuk Digital Innovation Hub for smart city AI deployment

•

Finalizing purchase orders with Turbo Federal as defense engagement moves into commercialization

•

Showcased deployable AI solutions at the largest U.S. physical security event—drawing strong interest from

federal and enterprise customers across public safety, defense, and smart city sectors

•

Exceeded Q1 revenue guidance with increased commercial momentum and expanding pipeline

EL DORADO HILLS, Calif.—(BUSINESS WIRE)—May 14, 2025—Blaize Holdings, Inc. (NASDAQ: BZAI), a leader in energy-efficient AI inference at the edge for physical systems, today announced financial results for the quarter ended March 31, 2025. The company reported strong customer traction and continued commercial momentum across its key verticals in smart infrastructure, defense, and mobility.

“This quarter proved we’re executing where it counts. Blaize has deployed real systems that solve mission-critical challenges in the physical world—from perimeter defense and smart ports to AI-powered city infrastructure,” said Dinakar Munagala, co-founder and CEO of Blaize. “We’re seeing strong customer demand and have been selected for foundational programs in the U.S., South Korea, and the Gulf region. As we prepare to introduce our most complete vertical AI solution platform to date, we’re proving that real-time inference at the edge is not just possible—it’s happening. With strong customer validation, our strategy is clear: deliver fast, scalable intelligence that drives real-world results.”

First Quarter 2025 Financial Highlights

Results compare the quarter ended March 31, 2025, to the quarter ended March 31, 2024:

•

Revenue for the first quarter of 2025 increased 83% year-on-year to just over $1.0 million. This growth was driven by product shipments to customers with smart city applications, while first quarter 2024 revenues represented strategic consulting fees from an automotive customer.

•

Net loss for the first quarter of 2025 was $147.8 million, compared to a net loss of $16.7 million in the first quarter of 2024. The increase in net loss was primarily due to non-recurring expenses and non-cash adjustments attributable to the completion of our business combination with BurTech Acquisition Corporation in January 2025 (the “Business Combination”).

•

Adjusted EBITDA loss, a non-GAAP measure of underlying operating performance, in the first quarter of 2025 was $15.4 million, compared to an Adjusted EBITDA loss of $7.5 million for the first quarter of 2024. The increase in Adjusted EBITDA loss was primarily due to investments in our go-to-market and customer support strategy, software tools and public company expenses. For a reconciliation of Adjusted EBITDA to Net loss, the most directly comparable GAAP financial metric, and a definition of Adjusted EBITDA, see “Non-GAAP Financial Measures” below.

•

As of March 31, 2025, Blaize’s cash and cash equivalents were $45.0 million.

Recent Business Announcements and Updates

Blaize is capitalizing on growing global demand for edge AI, translating pipeline into execution across priority sectors. In the first half of 2025, the company advanced from pilot programs to real deployments—securing wins in South Korea, the Gulf, and U.S. defense markets. With formal selection by CBIST and commercialization now underway with Turbo Federal, Blaize is demonstrating its ability to convert strategic engagements into revenue-generating opportunities across national-scale initiatives.

•

CBIST (South Korea): Blaize was selected by the Chungbuk Institute of Science and Technology (CBIST) to lead the Chungbuk Digital Innovation Hub, delivering edge AI infrastructure to support regional smart city deployment across South Korea’s Chungcheongbuk-do province.

•

Turbo Federal (Defense): Blaize’s collaboration with Turbo Federal has progressed rapidly from strategic engagement to execution. The partnership is now entering the commercialization phase, with purchase orders in motion to deploy Blaize-powered servers and AI Studio orchestration software for perimeter security and real-time inference across defense environments.

•

Ministry of Defense (Gulf Region): Blaize continues to deepen its engagement with a national Ministry of Defense, progressing through proof-of-concept and field qualification stages. These engagements are focused on delivering trusted AI inference capabilities for situational awareness and mission-critical decision-making.

•

Smart Security Showcase (U.S. Market): At North America’s largest physical security and smart infrastructure technology event, Blaize demonstrated real-time, deployable AI applications for perimeter defense, school safety, and smart

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1

Blaize Announces Fiscal Year 2024 Financial Results

•

Blaize solutions optimized for low-power AI processing for smart

computing at the edge

•

Fueled by rising demand in existing beachhead sectors, as well as newly emerging use cases

•

Expected acceleration of revenue driven by established and growing pipeline

EL DORADO HILLS, Calif.—(BUSINESS WIRE)—March 27, 2025—Blaize Holdings, Inc. (NASDAQ:BZAI) (“Blaize”), a provider of purpose-built, transformative artificial intelligence (AI)-enabled edge computing solutions that unite software and silicon to optimize AI from the edge to the core, has released its financial results for the fiscal year ending December 31, 2024.

Blaize CEO Dinakar Munagala said, “Having successfully concluded the Company’s business combination with BurTech Acquisition Corp. in January 2025, Blaize has seen continued interest in our AI-edge compute solutions from multiple parties in the Smart Cities, defense, and automotive industries. As we continue to focus on our go-to-market strategy and the overall market’s growing demand for AI at the edge, Blaize is well-positioned to expand our customer footprint.”

Fiscal Year 2024 Financial Highlights

Results compare the year ended December 31, 2024 to the year ended December 31, 2023:

•

Net revenue for fiscal year 2024 decreased to $1.6 million from $3.9 million in the prior year. In both years, the revenues primarily reflected the recognition of strategic consulting fees received from a major European automotive OEM as part of a multi-year and multi-vendor program. Phase I was largely completed during 2024 which accounts for the decrease.

•

Net loss for fiscal year 2024 was $61.2 million, a 30% decrease from net loss of $87.6 million in the prior year. Included in 2024 were financing charges and fair value adjustments of $14.5 million related to convertible notes and warrant liabilities compared to $49.7 million for the prior year, which included a non-recurring Pay-to-Play equity financing charge.

•

Adjusted EBITDA loss, a non-GAAP measure of operating performance, reconciled to net loss below, for fiscal year 2024 was $43.3 million, compared to $30.3 million for fiscal year 2023. For a reconciliation of Adjusted EBITDA to net loss, the most directly comparable GAAP financial metric, see “Non-GAAP Financial Measures” below.

•

As of December 31, 2024, Blaize’s cash and cash equivalents were $50.2 million.

Recent Business Announcements

Our pipeline continues to expand, driven by strong and accelerating market interest in AI at the edge, and ongoing engagement with high-quality prospective customers across key sectors, including, but not limited to, Smart Cities, defense, and the automotive industry.

•

Joint technology agreement with KAIST to produce new edge AI computing applications across biomedical, neuromorphic, photovoltaics, thermoelectrics and green hydrogen

•

Partnership with alwaysAI to revolutionize real-time insights with AI Edge Computing and advanced computer vision

applications

•

Partnership with VSBLTY to develop new AI-enabled hybrid technology for

large-scale global safety and security solutions

•

Partnership with Turbo Federal to procure contracts to accelerate AI solutions for the U.S. Department of Defense

Financial Outlook

The following

forward-looking statements are based on current expectations, and actual results may differ materially, as described below in “Cautionary Statement Regarding Forward-Looking Statements.”

Q1 2025 Guidance

Fiscal Year 2025 Guidance

Total Revenue

$0.9 million

$19 million - $50 million

Adjusted EBITDA Loss (non- GAAP)

$15 million - $16 million

$70 million - $75 million

Stock Based Compensation

$7.7 million

~$20 million

Weighted Average Shares Outstanding

90 million

99 million

Earnings Conference Call

Dinakar Munagala, Chief Executive Officer of Blaize, and Harminder Sehmi, Chief Financial Officer of Blaize, will host a conference call at 2:00 p.m. Pacific Time today, March 27, 2025, to discuss the Company’s financial results and outlook. A live webcast will be accessible on Blaize’s investor relations website at ir.blaize.com, and an archived conference call webcast will be available on Blaize’s investor relations website for one year following the live call.

About Blaize

Blaize provides a full-stack programmable processor architecture suite and

low-code/no-code software platform that enables AI processing solutions for high-performance computing at the network’s edge and in the data center. Blaize solutions deliver real-time insights and decision-making capabilities at low power consumption, high efficiency, minimal size, and low cost. Blaize has raised over $330 million from strategic investors such as DENSO, Mercedes-Benz AG, Magna, and Samsung and financial investors such as Franklin Templeton, Temasek, GGV, Bess Ventures, BurTech LP LLC, Rizvi Traverse, and Ava Investors. Headquarter