Backblaze raises 2026 revenue guidance significantly.

Backblaze raises 2026 revenue guidance significantly. The cloud storage company lifted its full-year revenue outlook to $161.5 million to $163.5 million, reflecting strong operational momentum. Q1 results exceeded expectations with $38.7 million in revenue, representing 12 percent year-over-year growth. The company's B2 cloud storage segment demonstrated particular strength, growing 24 percent in the quarter. Management now projects B2 growth will moderate to approximately 20 percent in Q2 as the company scales its customer base. The guidance raise signals confidence in sustained demand for cloud infrastructure services and positions Backblaze for continued expansion throughout 2026. Investors should monitor whether the company can maintain this growth trajectory amid competitive pressures in the cloud storage market.