Backblaze reports Q3 2026 earnings beat, 47% B2 growth and raises FY revenue outlook
Backblaze announced third‑quarter 2026 results, posting total revenue of roughly $46‑$47 million, up about 26% year‑over‑year, and B2 Cloud Storage revenue increasing 47% YoY. GAAP EPS was –$0.04, beating estimates by $0.04, while non‑GAAP EPS was $0.09, also ahead of forecasts. The company lifted its full‑year 2026 revenue guidance to a range of $177.8 million‑$178.2 million and projected Q4 revenue of $49.8 million‑$50.2 million.
Why it matters
The raised FY revenue outlook signals stronger demand for Backblaze’s AI‑focused storage, which the company expects to sustain (the press release states the guidance reflects ongoing growth). Analysts kept positive ratings and adjusted price targets after the beat (Investing.com notes analysts maintained positive ratings).
Key facts
- 1Total revenue for Q3 2026 was reported as $46.7 million. stocktitan.net
- 2Total revenue for Q3 2026 was reported as $46.65 million. investing.com
- 3Total revenue for Q3 2026 was reported as $47 million. scanx.trade
- 4B2 Cloud Storage revenue grew 47% year‑over‑year to $30.5 million. stocktitan.net
- 5GAAP EPS for Q3 2026 was –$0.04, beating estimates by $0.04. seekingalpha.com
- 6Non‑GAAP EPS for Q3 2026 was $0.09, beating estimates by $0.04. investing.com
Open questions
- Total Q3 revenue figures differ across sources ($46.7 M, $46.65 M, $47 M) on the same basis.
Summary written by AlphAI AI Desk from 14 of 14 sources. Not investment advice. Figures are as stated by the linked sources.