C3.ai Slides 24% After Q3 Loss Widens to $0.40, Guidance Halved
C3.ai reported a Q3 adjusted loss of $0.40 per share versus the $0.29 consensus and revenue of $53.3 million, down 46% year-on-year and 29% below estimates. It cut Q4 revenue guidance to $48–52 million and halved fiscal 2026 revenue forecast to $246.7–250.7 million, triggering a 24% stock sell-off.
1. Third-Quarter Financial Miss
C3.ai reported a Q3 adjusted loss of $0.40 per share versus the $0.29 consensus and revenue of $53.3 million, down 46% year-on-year and 29% below analyst estimates.
2. Guidance Revision
The company cut Q4 revenue guidance to $48–52 million and slashed fiscal 2026 revenue forecast to $246.7–250.7 million, down from a prior range of $447.5–484.5 million.
3. Market Reaction
Shares fell about 24% in trading following the earnings release, reflecting investor concern over the steep revenue miss and halved revenue outlook.
4. Restructuring Measures
Management announced a restructuring plan including workforce reductions to align cost structure with revised growth forecasts.