Backblaze (BLZE) stock is up 34.3% pre-market after reporting a significant Q3 2026 earnings and revenue beat. The cloud storage provider exceeded EPS consensus by $0.04 and revenue forecasts by over 13% .
Key highlights:
- Raised FY26 Revenue Guidance: New range of $177.8M-$178.2M, above analyst models .
- Accelerated B2 Cloud Storage Growth: Revenue up 47% YoY, B2 ARR reached $127M (+53% YoY) .
- AI Infrastructure Demand: Signed four new deals >$500K ARR, including three with AI builders; CoreWeave partnership ramping .
The strong results, coupled with an AI infrastructure narrative, triggered a significant short-covering and sentiment reversal .
Why is Backblaze stock surging today?
INVESTING.COMNov 3, 12:30 PM UTC
0