C3.ai Q1 revenue slightly beats estimates; bookings jump 73% sequentially

C3.ai

02/09/2026 21:14

Overview
Enterprise AI software maker's fiscal Q1 revenue slightly beat analyst expectations
Company posted positive free cash flow and narrowed non-GAAP operating loss
Bookings increased 73% quarter over quarter following restructuring and expense controls

Outlook
C3.ai expects Q2 revenue between $51 mln and $55 mln
Company sees full-year 2027 revenue at $210 mln to $240 mln
C3.ai targets non-GAAP operating loss of $123 mln to $155 mln for fiscal 2027

Result Drivers
SALES RESTRUCTURING - Co said restructuring of sales organization contributed to improved bookings and operational performance
NEW AGREEMENTS - Co closed 22 agreements with customers including Ford, Johnson & Johnson, and several U.S. government agencies

Company press release: ID:nBw7gcJq5a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$52.38 mln
$52.12 mln (14 Analysts)
Q1 Loss Per Share
 
$0.60
 
Q1 Net Loss
 
$92.81 mln
 
Q1 Gross Profit
 
$16.67 mln
 
Q1 Operating Expenses
 
$114.94 mln
 
Q1 Operating Income
 
-$98.27 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and 6 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for C3.ai Inc is $9.00, about 13% below its September 1 closing price of $10.34

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)