Blaize reports Q1 revenue of $2.7M, secures $50M NeoTensr contract

Blaize Holdings Inc. (NASDAQ: BZAI) reported expected first quarter 2026 revenue of $2.7 million and announced a new contract with NeoTensr anticipated to generate up to $50 million in revenue.

The AI computing company said its first quarter results were impacted by supply chain constraints that affected shipment timing despite customer demand. CFO Harminder Sehmi attributed the revenue shortfall to a global memory shortage that reduced server purchase availability from the company's primary supplier.

Blaize maintained its full year 2026 revenue guidance of $130 million. The company said it has secured inventory needed to deliver $10 million to $12 million to customers in late April and May.

The new NeoTensr contract covers hybrid systems across edge and enterprise data center environments, with fulfillment expected to begin in the second quarter. This follows over $20 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."

NeoTensr CEO Liang Wang said the company chose Blaize because its platform provides "the foundation to build and monetize AI infrastructure at scale across the Asia Pacific region."

Blaize also launched Blaize AI Services at GITEX Asia, a platform designed to help cloud providers, data center operators, system integrators and enterprises deploy AI services. The company is headquartered in El Dorado Hills, California.

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