Backblaze (BLZE) Q2 FY26 earnings call

Backblaze delivered a strong quarter, significantly exceeding financial expectations driven by broad momentum across its B2 cloud storage business, particularly from its AI strategy. The company secured its largest contract to date with CoreWeave and expanded its managed storage offering, positioning itself as a key capacity tier for AI infrastructure. Management highlighted efficient growth and operating leverage, while also preparing for increased capital expenditures to support future demand.