C3.ai misses Q3 revenue estimates by 29.59%
C3.ai reported Q3 revenue of $53.26 million, missing consensus estimates by 29.59% and falling 46.08% year over year.
The company’s GAAP gross margin collapsed to 17% from 59% a year earlier. Non-GAAP EPS landed at -$0.40 versus a -$0.29 estimate.
Management slashed full-year FY26 revenue guidance to $246.7 million to $250.7 million, down from a prior outlook of $447.5 million to $484.5 million.
The consensus analyst target sits at just $8.82, with three sell and three strong sell ratings against a single buy.