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C3 AI stock falls 30% as CEO Siebel calls preliminary sales numbers ‘completely unacceptable’
UNITED STATES, AUG 11 – C3 AI’s fiscal Q1 revenue forecast dropped 33% below guidance due to sales disruption and CEO health issues, triggering a 30% stock decline, analysts said.
- Last Friday, C3 AI released early financial estimates for the first quarter of fiscal 2026, anticipating revenue in the range of approximately $70.2 million to $70.4 million, along with a GAAP loss close to $125 million.
- The results followed a significant sales and services restructuring and CEO Thomas Siebel’s reduced involvement due to his autoimmune disease causing vision impairment.
- Siebel called the sales results 'completely unacceptable' and attributed the performance to reorganization disruption and his health issues while confirming the restructuring is complete.
- Shares dropped over 20% Monday, with analyst Gil Luria calling the results 'catastrophic' and downgrading the stock from neutral to underperform.
- Siebel expressed confidence in the company’s ability to accelerate growth and is actively searching for a successor to restore momentum.
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Why C3.ai Stock Is Cratering Today @themotleyfool #stocks $AI
Key PointsPreliminary Q1 2026 results include a nearly 20% year-over-year decline in revenue.The company is in the midst of trying to replace its CEO, Tom Siebel. While it's likely the company will continue to struggle, C3.ai stock now trades at a discount compared to much of the competition. 10 stocks we like better than C3.ai › Shares of C3.ai (NYSE: AI) are falling hard on Monday, down 25.4% as of 2:33 p.m. ET. The drop comes as the S&P 500 a…
C3 AI stock falls 20% as CEO Siebel calls preliminary sales numbers ‘completely unacceptable’ – DG Verifications & Stats
In this article AI Follow your favorite stocksCREATE FREE ACCOUNTThe C3.ai logo is seen near a computer motherboard in this illustration taken on Jan. 8, 2024.Dado Ruvic | Reuters Shares of the enterprise artificial intelligence company C3 AI tumbled more than 20% Monday after it announced preliminary financial results and a restructuring of its global sales and services organization. C3 AI said Friday that it expects to report revenue between …
C3.ai Dips 30% After Q1 Preliminary Results Show Disastrous Revenue and Loss - Wall Street Pit
C3.ai (AI) stock plummeted over 30% to below $15 in early Monday trading after reporting July quarter revenue of $70.3 million, 33% below guidance, compounding a 36% year-to-date decline. Analyst Gil Luria of D.A. Davidson downgraded C3.ai to 'Underperform,' cutting the price target to $13 from $25, citing “catastrophic” results…
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