C3.ai Inc. (AI) Falls 7% as Firm Withdraws Growth Outlook

We recently published 10 Major Stocks Collapse. C3.ai Inc. (NYSE:AI) is one of the worst performers on Thursday.

C3 AI extended its losing streak to a fourth consecutive day on Thursday, dropping 7.31 percent to close at $15.46 apiece, as investor sentiment was dampened by the withdrawal of its growth outlook for the full fiscal year of 2026 amid the appointment of a new chief executive.

“Given the appointment of a new Chief Executive Officer and the recent restructuring of the sales and services organizations, the Company is withdrawing its previous full-year fiscal 2026 guidance. The Company will provide guidance for the third quarter of fiscal 2026 and full-year fiscal 2026 when it announces its financial results for the second quarter of fiscal 2026,” it said.

However, C3.ai Inc. (NYSE:AI) provided growth guidance for the first quarter, with total revenues targeted between $72 million and $80 million, with non-GAAP loss from operations of $49.5 million to $57.5 million.

Effective on September 1, 2026, C3.ai Inc. (NYSE:AI) was led by Stephen Ehikian, who most recently served as acting administrator of the US General Services Administration. Thomas Siebel will continue to serve as Executive Chairman.

It can be learned that Siebel announced his resignation as CEO in July, citing health issues.

In the first quarter of fiscal year 2026, C3.ai Inc. (NYSE:AI) widened its net loss by 86 percent to $116.8 million from $62.8 million in the same period last year. Total revenues dropped 19 percent to $70.26 million from $87.2 million year-on-year.

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Disclosure: None. This article is originally published at Insider Monkey.