C3 AI's Q2 revenue rises driven by Federal bookings growth

C3.ai

03/12/2025 21:15

Overview

C3 AI fiscal Q2 revenue rises 7% QoQ, driven by Federal bookings growth

GAAP net loss per share for fiscal Q2 was $(0.75)

Federal bookings grew 89% YoY, representing 45% of total bookings

Outlook

Company forecasts Q3 revenue between $72.0 mln and $80.0 mln

C3 AI expects full-year revenue between $289.5 mln and $309.5 mln

Company projects Q3 non-GAAP loss from operations of $(44.0) mln to $(52.0) mln

Result Drivers

FEDERAL BOOKINGS - Co reports 89% YoY growth in Federal bookings, driven by new agreements with multiple government agencies

PARTNER ECOSYSTEM - 89% of total bookings driven through partner network, including Microsoft and AWS

HIGH-VALUE DEALS - Co closed 46 agreements, including 17 deals over $1 mln and six over $5 mln

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
-$0.75
Q2 Net Income
-$104.67 mln
Q2 Gross Profit
$30.38 mln
Q2 Operating Expenses
$142.49 mln
Q2 Operating Income
-$112.11 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "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 $16.00, about 11.3% above its December 2 closing price of $14.37

Press Release: ID:nBwVs2t4a

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(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.)