C3 AI slides after forecasting Q4 revenue below estimates; cuts 26% of workforce

C3.ai

26/02/2026 11:57

** Shares of enterprise AI software provider C3 AI AI.N fall 22.7% to $7.97 premarket

** Co sees Q4 rev between $48 mln - $52 mln, sharply lower than est. of $77.47 mln

** At least three brokerages cut PT on stock post results

** D.A. Davidson said the miss stemmed from lost demonstration license revenue and sliding subscriptions, calling growth ‘elusive’ and cutting its PT as it now expects revenue to decline even more sharply

** Co also cuts 26% of global workforce; to incur about $10 million to $12 million pre-tax charges in Q4 - SEC filing

** As of last close, stock fell 23.5%, following a 60.8% decline in 2025

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))