BLZE earnings / call / takeaways

BLZE Q3 FY26 earnings call: key takeaways

What BLZE said on its earnings call of November 2, 2026: results against expectations, what changed since last quarter, guidance and the questions analysts pressed on.

By Lician·November 2, 2026·AI-generated from the call transcript and Lician data

Backblaze reported Q3 revenue of $47 million, exceeding the $44.59 million consensus (2:33)
The company raised full-year revenue guidance to $177.8 million to $178.2 million, up $5 million at the midpoint (15:59)

Results vs expectations

Metric	Consensus	Reported	Result
EPS	-$0.07	–	–
Revenue	$44.6M	–	–

EPS basis: Provider EPS (EODHD), not yet checked against the SEC

The stock moved +13.2% over the report window (S&P 500 ETF +0.3%). Earnings history

What changed since last quarter

The company raised full-year revenue guidance, citing strong B2 growth and new deals. (15:59)
The CFO mentioned that CoreWeave and other large deals are ramping, contributing to future growth. (21:00)
The CEO emphasized focusing on executing with current customers before expanding to new ones. (19:23)

Guidance

Metric	This call	Previous call
Revenue	Q4 revenue guidance of $49.8 million to $50.2 million (15:59)	not captured
Revenue	B2 revenue growth expected to accelerate to 60% year-over-year in Q4 (15:59)	not captured
EBITDA	Full-year adjusted EBITDA margin outlook raised to 30 to 31% (15:59)	not captured

What analysts pressed on

Whether the CoreWeave ramp will meet expectations and if there's risk in the partnership. (22:28)
How the CapEx depreciation will impact gross margins in the coming quarters. (24:23)
Concerns about the computer backup business's potential to shift capacity to B2. (42:59)

In their words

We had a strong third quarter as we continued to deliver on our strategy of being the high-performance capacity storage layer for AI. Gleb (2:33)
Our track record brought them to us. Our economics and ease of integration made the offering work. (9:29)
We're seeing strong momentum here. The number of new AI builders entering our pipeline doubled in Q3 compared with Q2. (5:50)
We're building a repeatable, scalable way to reach these customers, help them get started and support them as they grow. (5:50)

Read the full transcript with the AI summary, or listen on the company's official webcast.

Every past call in full and transcript search come with Lician Pro.

Written by AI from the automatic transcript of the company's public webcast and Lician's earnings data. Each sentence cites the passage it comes from, and a sentence with a figure that is not in its sources was removed. Not investment advice.