AlphAIAlphAI — Financial news for AI agents
investing.comNOV 32 min read$BLZE

Why is Backblaze stock surging today?

Backblaze (BLZE) stock surged 34.3% in pre-market trading after its Q3 2026 results beat earnings and revenue estimates. Non-GAAP EPS was $0.09 vs. $0.05 expected, and revenue was $46.7M, up 26% YoY. The company raised its full-year 2026 revenue guidance to $177.8M-$178.2M. B2 Cloud Storage revenue grew 47% YoY, and new deals were signed, including with AI builders. Analysts maintained positive ratings with adjusted price targets.

Original reporting
investing.com
Published Nov 3, 2026, 12:30 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 3, 2026, 12:37 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefEarnings
Primary signal
$BLZE
Bullish
high confidence
Mentioned
$BLZE
Relevance
9/10
AlphAI data visualization · based on investing.com
Decision brief

The 30-second read

$BLZEBullishHigh
01

Why it matters

The earnings surprise and guidance lift likely attract momentum buying and could trigger further upside if the company sustains growth.

02

Market read

Earnings beat and guidance raise are primary drivers of the stock's 34% surge, making the article highly relevant for traders.

03

What to watch

Potential headwinds from competitive pricing pressure in cloud storage and AI spend cycles.

Relevance 9/10Novelty 9/10Timing: pre‑market today

Background

Backblaze (BLZE) announced Q3 2026 results with a double beat and raised guidance, causing a sharp pre‑market rally.

Company-level read

Ticker impact

$BLZEBullishHigh confidence
Context

Backblaze reported a Q3 2026 earnings beat and raised full-year revenue guidance, driving a 34.3% pre‑open surge.

Expected impact

upward pressure as investors price in the earnings beat and higher outlook

Evidence & confidence

Double beat on EPS and revenue, 26% revenue growth, and raised guidance create a multi‑catalyst bullish catalyst.

Market effects

Sector

Boosts sentiment for cloud storage and AI infrastructure providers.

Regional

Positive for US tech stocks, modestly supporting Nasdaq.

Global

Limited to US tech sector; no broader macro impact.

Counterpoint

What could challenge this read

Short sellers may argue the rally is a short‑cover bounce and valuation remains stretched.

Key entities

  • Company
    Backblaze

    Cloud storage and AI infrastructure provider.

  • Analyst
    Citizens Research

    Reiterated Market Outperform rating with $21 price target.

  • Analyst
    Needham

    Maintained Buy rating, trimmed price target to $15.

Read at source← All news

StoryBackblaze reports Q3 2026 earnings beat, 47% B2 growth and raises FY revenue outlook

Also covered by

3 outlets

Related articles

NOV 3
$BLZEHighAI 8/10

What Backblaze (BLZE) Said on Its Q3 Earnings Call

Backblaze (BLZE) reported Q3 earnings, highlighting a 230% YoY increase in AI search engine visits. CoreWeave and another neocloud customer began ramping on its platform, with CoreWeave's $335M contract. Q3 gross margin was 64%, up from 62% YoY. GAAP net loss narrowed to $2M, while non-GAAP net income was $6.7M. Cash flow from operations was $23M YTD. Q4 revenue guidance is $49.8M-$50.2M, with full-year revenue guidance raised to $177.8M-$178.2M.

finance.yahoo.com2 min
NOV 2
$BLZEHighAI 8/10

Backblaze Q3 2026 slides: AI strategy drives 47% B2 growth

Backblaze (BLZE) reported Q3 2026 results with total revenue of $46.7M, up 26% YoY, and B2 Cloud Storage revenue growing 47% YoY. The company achieved positive adjusted free cash flow for the first time and raised full-year guidance. AI-driven growth and large customer wins were key highlights, with shares surging 39.86% in after-hours trading.

investing.com3 min
NOV 2
$BLZEHigh

Backblaze Announces Third Quarter 2026 Financial Results

Backblaze, Inc. (BLZE) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Backblaze Announces Third Quarter 2026 Financial Results 47% Revenue Growth in B2 Cloud Storage, 26% Revenue Growth Overall in Q3 2026 San Francisco, CA (November 2, 2026)— Backblaze, Inc. (Nasdaq: BLZE), the high-performance capacity storage layer for AI, today anno

SEC EDGAR 8-K2 min