Backblaze (BLZE) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $0.08
- Estimate
- $0.02
- Surprise
- +366.7%
- Revenue (period 2026-06-30)
- $42.7M
- Score today
- 5.9/10
Revenue source: xbrl.
How the report landed
Backblaze (BLZE) beat the $0.02 estimate with diluted EPS of $0.08 — a large 366.7% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates BLZE Sell at 5.9/10; no pre/post engine snapshot brackets this report.
3 of the last 4 quarters beat the estimate; this quarter's +366.7% surprise compares with a +552.8% four-quarter average. Next scheduled report: 2026-11-05.
What argues against it
- Quality below floor (3.5 < 4.0)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $12.79
- Price target
- $19.86
- Stop
- $12.19
- Upside to target
- +55.3%
- Reward-to-risk
- 4.6:1
Model outputs from TrendMatrix’s engine as of 2026-09-17 — shown for context, not personalized investment advice.
BLZE at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Infrastructure
- Market cap
- $804.1M
- P/E (fwd)
- 48.1
- 52-week range
- $3.26–$23.99
- Off 52-week high
- 46.7%
- RSI (14)
- 33
- Volume vs avg
- 0.65×
- Score today
- 5.9/10