Key Highlights

● Preliminary third-quarter Revenue was about US$0.5 million, disclosed on 5 October 2026.

● Full-year revenue guidance was cut from US$130 million to US$40 million to US$43 million.

● A restructuring plan announced on 30 September was reported as cutting about 26% of staff.

● The company disclosed subpoenas and inquiries from the US Department of Justice and the SEC.

Latest development: a preliminary revenue shock

Blaize Holdings, Inc. (NASDAQ:BZAI), the Artificial Intelligence (AI) inference-chip company, has had a difficult run of disclosures. On 5 October 2026 it gave preliminary third-quarter revenue of about US$0.5 million. Shortly afterwards, on about 6 October, it disclosed subpoenas and inquiries from the US Department of Justice and the Securities and Exchange Commission, received in July and August.

What the inquiries concern has not been described, and nothing should be inferred about their outcome. Subpoenas and inquiries are requests for information, not findings of wrongdoing, and outcomes of such matters can range from no action to enforcement.

Guidance and restructuring

The shortfall follows an earlier reduction. In mid-August full-year revenue guidance was cut from US$130 million to a range of US$40 million to US$43 million, and a transcript note said orders had been delayed and supply-chain Inflation had weighed.

On 30 September the company announced a restructuring plan, reported as a cut of about 26% of the workforce. The preliminary figures are unaudited and may change when final results are filed. The third-quarter number raises the question of how the reduced full-year range can be met, which the company may address when it reports.

Legal notices

Multiple law-firm notices have been issued about a class action, with a lead-plaintiff deadline of 5 October 2026. Such notices announce proposed litigation by plaintiff firms and do not establish liability.

Latest reported results

Blaize reported second-quarter 2026 results on 13 August. On a trailing basis, aggregated data shows revenue of US$50.4 million, a net loss of US$81.0 million and a loss of US$0.68 per share, with 2025 losses of US$206.9 million. Shares outstanding were about 144.8 million.

The reduced range against a US$0.5 million quarter

The formal third-quarter report is the next filing that can settle the preliminary figure, and it may carry a restated outlook, an update on cash against a reduced cost base, and any disclosure about the subpoenas.

For now the arithmetic is stark: a full-year range of US$40 million to US$43 million sits beside preliminary third-quarter revenue of about US$0.5 million, after trailing revenue of US$50.4 million.