AI · C3.ai, Inc.

C3.ai, Inc. filed an 8-K on May 12, 2026, announcing both preliminary financial results for Q4 and full fiscal year 2026 (ended April 30, 2026) and a significant executive leadership change. Thomas M. Siebel, founder and former CEO, resumes the role of Chief Executive Officer and Chairman effective May 8, 2026, replacing Stephen Ehikian, who served as CEO since September 2025. Ehikian will continue as President, reporting to Siebel. The leadership change is attributed to Siebel's recovery from health issues that had impaired his vision. Financially, preliminary Q4 revenue of $51.6 million was within the company's guidance range of $48-52 million. GAAP loss from operations was $(121.2) million, while non-GAAP loss from operations was $(54.4) million, better than the guidance range of $(56)-(64) million. For the full fiscal year, revenue was $250.3 million (guidance $246.7-250.7 million), GAAP loss from operations $(498.5) million, and non-GAAP loss from operations $(217.8) million (guidance $(219.5)-(227.5) million). The non-GAAP results exclude $10.8 million in restructuring charges related to an operational efficiency plan announced in the prior quarter, which targets approximately $135 million in annualized non-GAAP cost savings. The company ended the quarter with $575.4 million in cash, cash equivalents, and investments. Management commentary highlighted the early benefits of cost actions and positioning for operating leverage in fiscal 2027. The company signed 28 agreements in Q4, including nine new initial production deployments and seven conversions. The preliminary results are unaudited and subject to finalization, with complete financials to be released on June 3, 2026.