C3.ai's fiscal 2026 revenue fell 35.67% to $250.27 million, with fourth-quarter revenue down 52.5% year over year to $51.60 million. GAAP gross margin collapsed from 62% to 22%, and full-year free cash flow deteriorated to negative $192.14 million. Founder Thomas Siebel, who returned as CEO in June and personally bought 6.17 million shares at $11.16, called the recent sales performance 'unspeakably horrible' and said 'sales just fell off the cliff' across the last five quarters. Wedbush Securities analyst Dan Ives maintains a Street-high $15 price target, implying roughly 47% upside from the current $10.18, but 13 of 14 analysts rate the stock Hold or worse with a consensus target of $8.82, implying about 13% downside. The company's FY2027 revenue guidance of $210 million to $240 million implies further shrinkage before recovery, while peers Palantir and SoundHound AI posted revenue growth of 92.8% and 45% respectively in their latest quarters.
C3 Ai IncRevenue collapsed 36%, gross margin fell to 22%, and free cash flow turned deeply negative.
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