C3.ai Beats Q1 But Guides Q2 Below Estimates, Stock Slips
AI sits 39% above its 52-week low of $7.675.
Summary
C3.ai reported a Q1 double beat with adjusted loss of $0.20 vs $0.25 expected and revenue of $52.375M vs $52.116M consensus. However, Q2 guidance of $51M-$55M came in below the $56.604M consensus, and the FY27 outlook midpoint of $225M is below the $224.275M consensus. This follows the Reuters report yesterday that highlighted the revenue beat and 73% sequential bookings jump, but the new guidance miss is the key incremental negative. The stock is trading down 0.67% at $10.45, near recent lows. The company's cash position improved to $651.1M, up $76M QoQ, providing some cushion. Watch for analyst reactions to the guidance shortfall and any commentary on the sales restructuring progress.
At the time of this announcement, AI was trading at $10.70 on NYSE in the Technology sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $7.68 to $20.22. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.