Overview

• C3.ai reported preliminary fiscal Q1 revenue of $70.2 million to $70.4 million, down from $87.2 million a year earlier and well below analyst expectations.
• The company anticipates a GAAP operating loss of $124.7 million to $124.9 million, nearly double its loss in the prior-year period.
• Management said a global sales and services reorganization disrupted deal activity and that Siebel’s autoimmune diagnosis limited his sales participation.
• The board and Siebel have kicked off a search for a new CEO and installed fresh sales leadership to stabilize operations.
• Shares plunged roughly 25–30% after the announcement and multiple analysts cut ratings and price targets, flagging skepticism over near-term recovery.