Backblaze Inc. (BLZE)
NASDAQ (NMS) NASDAQ (NMS) Primary 
Backblaze Flags Q2 Drive Failure Rise, Sees Outliers Not a Trend
Backblaze NASDAQ: BLZE reported a quarterly annualized failure rate of 1.73% across its hard-drive fleet in its Q2 2026 Drive Stats report, an increase from the company's longer-term average but one that management said was largely attributable to a small number of statistical outliers.
Backblaze, Inc. (BLZE) Drive Stats Report and Trends in Hard Drive and Solid-State Drive Technologies Transcript
Backblaze, Inc. (BLZE) Drive Stats Report and Trends in Hard Drive and Solid-State Drive Technologies Transcript
Backblaze: AI Contracts Strengthen The Growth, But Margins Face A Temporary Hit
Backblaze earns a Buy rating with a $16 price target, reflecting strong B2 Cloud Storage growth and new AI contracts like CoreWeave. B2 revenue grew 34% in Q2, with core growth around 26% excluding price increases; future revenue visibility improves with large enterprise contracts. Gross margins face near-term pressure as infrastructure investments precede revenue recognition, causing negative free cash flow for several quarters.
Backblaze: The Backup Drag Is Fading
Backblaze is accelerating top line growth, driven by its B2 Cloud Storage segment, now 62% of revenue after 34% YoY growth in Q2'26. AI model training and robotics foundational models are fueling sustained demand for BLZE's cost-effective storage, with broad-based customer growth and increased spending. The CoreWeave contract, worth $313M net over five years, is set to ramp significantly by mid-2027, providing substantial incremental revenue.
BLZE Q2 Earnings Call Focuses on CoreWeave and AI Storage
Backblaze's Q2 beat and higher 2026 outlook highlight AI storage growth, with the $335M CoreWeave deal adding multi-year visibility.
Backblaze Q2 Earnings Call Highlights
Backblaze NASDAQ: BLZE reported second-quarter 2026 results that exceeded its guidance, supported by accelerating B2 cloud-storage growth, improved profitability and a new multi-year agreement with AI cloud provider CoreWeave.
Backblaze, Inc. (BLZE) Discusses Hard Drive Failure Rates and Deployment Trends in Latest Device Metrics Analysis Transcript
Backblaze, Inc. (BLZE) Discusses Hard Drive Failure Rates and Deployment Trends in Latest Device Metrics Analysis Transcript
Backblaze Tops 340,000 Drives as AI Fuels Rising Storage Demand
Backblaze NASDAQ: BLZE reported that its hard drive fleet exceeded 340,000 drives in the first quarter of 2026, with about 1,000 drive failures recorded during the period, according to a company webinar discussing its latest Drive Stats report.
Backblaze: Wall Street Is Waking Up To The Backup Company It Once Left Behind
Backblaze (BLZE) is transforming from a legacy backup provider into a critical AI infrastructure player, highlighted by a $335M CoreWeave deal. B2 Cloud Storage, offering low-cost, egress-free object storage, is driving growth and margin expansion as AI workloads demand multi-cloud flexibility. Operating leverage is accelerating: revenue grew 12% while adjusted EBITDA surged 60%, with margin gains from scale, depreciation changes, and cost discipline.
Backblaze (BLZE) Soars 43.6%: Is Further Upside Left in the Stock?
Backblaze (BLZE) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Jim Cramer found a real AI storage play, then told you not to buy it
Jim Cramer used a recent Mad Money segment to dissect a small-cap cloud storage name that most generalist investors have never opened a tab for.
Backblaze Sees AI Boom Fueling Cloud Storage Demand and Neocloud Deals
Backblaze NASDAQ: BLZE Chief Executive Gleb Budman said the cloud storage company is seeing a material shift in demand tied to artificial intelligence workloads, as customers seek alternatives to hyperscaler platforms and newer AI-focused cloud providers look to add storage capabilities.
