C3.ai (AI) stock falls on Q3 2026 Earnings

C3.ai Inc. ($AI) reported third-quarter 2026 results that showed a sharp decline in revenue and compressed gross profit, alongside continued net losses.

Revenue: $53.3 million (down 46.1% year-over-year).

Gross profit: $9.2 million (down 84.2% year-over-year).

Operating result: -$112.1 million (year-over-year change: +28.0%).

Net income attributable to common shareholders: -$133.4 million (year-over-year change: +66.3%).

Diluted earnings per share: -$0.94 (year-over-year change: +51.6%).

How results compared with expectations:

Revenue estimate: $77.9 million; actual revenue: $53.3 million.

EPS estimate: -$0.30; actual diluted EPS: -$0.94.

Shares moved after the release, falling 20.41% since market close.

Balance sheet and cash-flow highlights:

Cash from operating activities: -$46.5 million (year-over-year change: +111.2%).

Cash and cash equivalents: $88.8 million (down 29.0% year-over-year).

Purchases of property, plant and equipment: -$386k (year-over-year change: +6.6%).

Cost of sales: $44.0 million (year-over-year change: +8.9%).

Total liabilities: $176.3 million (down 9.6% year-over-year).

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

C3.ai Inc. Insider Trading Activity

C3.ai Inc. insiders have traded $AI stock on the open market 19 times in the past 6 months. Of those trades, 0 have been purchases and 19 have been sales.

Here’s a breakdown of recent trading of $AI stock by insiders over the last 6 months:

THOMAS M SIEBEL (Executive Chairman) has made 0 purchases and 14 sales selling 3,435,722 shares for an estimated $52,313,185.
ROBERT DAVID SCHILLING (EVP & Chief Commercial Officer) has made 0 purchases and 2 sales selling 470,420 shares for an estimated $8,133,514.
STEPHEN BRADLEY EHIKIAN (Chief Executive Officer) sold 234,918 shares for an estimated $3,185,488
HITESH LATH (CHIEF FINANCIAL OFFICER) has made 0 purchases and 2 sales selling 61,923 shares for an estimated $1,012,812.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

C3.ai Inc. Hedge Fund Activity

We have seen 170 institutional investors add shares of C3.ai Inc. stock to their portfolio, and 233 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 2,030,540 shares (-61.5%) from their portfolio in Q4 2025, for an estimated $27,371,679
BANK OF AMERICA CORP /DE/ added 1,508,934 shares (+248.6%) to their portfolio in Q4 2025, for an estimated $20,340,430
BLACKROCK, INC. added 1,120,066 shares (+10.9%) to their portfolio in Q4 2025, for an estimated $15,098,489
RENAISSANCE TECHNOLOGIES LLC removed 980,600 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $13,218,488
GOLDMAN SACHS GROUP INC added 795,476 shares (+31.4%) to their portfolio in Q4 2025, for an estimated $10,723,016
NATIONAL BANK OF CANADA /FI/ added 787,702 shares (+813.5%) to their portfolio in Q4 2025, for an estimated $10,618,222
MILLENNIUM MANAGEMENT LLC added 735,810 shares (+257.6%) to their portfolio in Q4 2025, for an estimated $9,918,718

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

C3.ai Inc. Analyst Ratings

Wall Street analysts have issued reports on $AI in the last several months. We have seen 1 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Wedbush issued a "Outperform" rating on 12/04/2025
Morgan Stanley issued a "Underweight" rating on 09/09/2025

To track analyst ratings and price targets for C3.ai Inc., check out Quiver Quantitative's $AI forecast page.

C3.ai Inc. Price Targets

Multiple analysts have issued price targets for $AI recently. We have seen 7 analysts offer price targets for $AI in the last 6 months, with a median target of $16.0.

Here are some recent targets:

Lucky Schreiner from DA Davidson set a target price of $13.0 on 12/04/2025
Kingsley Crane from Canaccord Genuity set a target price of $16.0 on 12/04/2025
Dan Ives from Wedbush set a target price of $20.0 on 12/04/2025
Radi Sultan from UBS set a target price of $17.0 on 09/12/2025
Sanjit Singh from Morgan Stanley set a target price of $11.0 on 09/09/2025
Patrick Walravens from JMP Securities set a target price of $24.0 on 09/04/2025
Eric Heath from Keybanc set a target price of $10.0 on 09/04/2025