Blaize misses Q3 revenue, faces DOJ probe and securities lawsuit

Blaize reported Q3 revenue of only $0.5 million (far below prior expectations), cut full-year guidance to $32–36 million, disclosed a DOJ and SEC investigation into its business agreements, and revealed a class-action lawsuit alleging false statements about key customer contracts. These concrete negative developments—missed guidance, regulatory scrutiny, and litigation risk—typically pressure stock price meaningfully.

Blaize made much less money than expected in Q3, cut its full-year forecast, and now faces a government investigation and a lawsuit from shareholders over false statements about customer deals.