C3.ai | 8-K: C3 AI Announces Fiscal Third Quarter 2026 Results

C3.ai reported fiscal Q3 2026 revenue of $53.3M, with subscription revenue accounting for 90% at $48.2M. The company posted a GAAP net loss of $0.94 per share and non-GAAP net loss of $0.40 per share, while maintaining a strong cash position of $621.9M.The company announced a major restructuring plan including a 26% reduction in global workforce and 30% cut in non-employee costs, expected to generate annual savings of approximately $135M in non-GAAP operating expenses. The restructuring charges are estimated at $10-12M for Q4 fiscal 2026.Federal business showed strong growth with 134% YoY increase in bookings, representing 55% of total bookings. The company secured new agreements with major clients including USDA, U.S. Department of Energy, NATO, and commercial customers like ExxonMobil and McLaren Automotive. For Q4 fiscal 2026, C3.ai projects revenue between $48-52M.

C3.ai reported fiscal Q3 2026 revenue of $53.3M, with subscription revenue accounting for 90% at $48.2M. The company posted a GAAP net loss of $0.94 per share and non-GAAP net loss of $0.40 per share, while maintaining a strong cash position of $621.9M.The company announced a major restructuring plan including a 26% reduction in global workforce and 30% cut in non-employee costs, expected to generate annual savings of approximately $135M in non-GAAP operating expenses. The restructuring charges are estimated at $10-12M for Q4 fiscal 2026.Federal business showed strong growth with 134% YoY increase in bookings, representing 55% of total bookings. The company secured new agreements with major clients including USDA, U.S. Department of Energy, NATO, and commercial customers like ExxonMobil and McLaren Automotive. For Q4 fiscal 2026, C3.ai projects revenue between $48-52M.