Summary by Futu AI
C3 AI reported Q2 fiscal 2026 revenue of $75.1 million, with subscription revenue accounting for 93% at $70.2 million. The quarter saw a GAAP net loss of $0.75 per share and non-GAAP net loss of $0.25 per share. The company maintained a strong cash position of $675 million in cash and marketable securities.Federal business emerged as a key growth driver, with federal bookings increasing 89% year-over-year and representing 45% of total bookings. The company secured major agreements with various government agencies including the U.S. Department of Health and Human Services, U.S. Department of War, and U.S. Intelligence Community. Partner-driven bookings constituted 89% of total bookings, with 46 agreements closed including 17 deals over $1 million.Looking ahead, C3 AI provided guidance for Q3 fiscal 2026 with expected revenue between $72.0-$80.0 million. The company's strategic focus remains on executing in areas of demonstrable leadership and fastest-growing sectors, aiming to return to growth and achieve non-GAAP profitability.
