C3.ai slashes 26% of staff as CEO admits failure to deliver and 'burning too much money' [Yahoo! Finance Canada]
C3.ai, Inc. Class A (AI)
Last c3.ai, inc. class a earnings: 2/6 04:35 pm
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Source: Yahoo! Finance Canada
"We did not deliver this quarter, full stop," CEO Stephen Ehikian told Yahoo Finance's Opening Bid. "I'm not going to sugarcoat that ... that's on me." In a remarkably blunt post-earnings admission, Ehikian stated that "the reality is we were just burning too much money." To stop that burn, the company slashed 26% of its workforce, a calculated bid to "restructure our cost basis" and find the "maximum flexibility" that Ehikian said is required to capture AI scaling and survive the very market he claims is stronger than ever. The market's verdict was swift and unforgiving. C3.ai stock cratered nearly 20% following the release as investors looked past the rhetoric and focused on a revenue miss that underscored a complete departure from previous guidance. C3.ai, Inc. (AI) Revenue for the fiscal third quarter came in at $53.3 million, about a 50% year-over-year decline and far below the $75.9 million analysts were expecting, according to Bloomberg data. The bottom line was equa
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News
- Why C3.ai (AI) Stock Is Trading Lower Today [Yahoo! Finance]Yahoo! Finance
- C3.ai (AI) had its price target lowered by UBS Group AG from $14.50 to $9.00. They now have a "neutral" rating on the stock.MarketBeat
- Why C3.ai Stock Is Plummeting Today [Yahoo! Finance]Yahoo! Finance
- C3.ai slashes 26% of staff as CEO admits failure to deliver and 'burning too much money' [Yahoo! Finance]Yahoo! Finance
- C3.ai (AI) was given a new $7.00 price target by DA Davidson.MarketBeat
AI
Earnings
- 2/25/26 - Beat
AI
Sec Filings
- 2/25/26 - Form 8-K
- 2/17/26 - Form 4
- 2/13/26 - Form SCHEDULE
- AI's page on the SEC website