C3.ai Q1 revenue $70.3M, net loss -$0.86/share; names new CEO, calls performance unacceptable

C3.ai, Inc.

2026-Q1 EPS reported -$0.86 vs consensus -$0.30 ▼ miss (-189.1%)

Total revenue $70.3M; subscription $60.3M (86% of total). GAAP EPS -$0.86, non-GAAP -$0.37. Cash $711.9M.
New CEO appointed (name undisclosed). Founder Tom Siebel cites health issues and reorganization for Q1 miss.
Closed 46 agreements (28 initial production). Federal segment 28% of bookings; launched OEM Strategic Integrator Program.
Restructured sales/services with new CCO, GM EMEA, North America leadership; combined sales and services under new head.
C3 AI and Microsoft jointly closed 24 agreements; partner pipeline up 54% YoY.

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