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NEW YORK - C3.ai (NYSE:AI) shares soared 14% in after-hours trading on Wednesday after the enterprise artificial intelligence company reported a narrower-than-expected loss for its fiscal fourth quarter and provided strong revenue guidance for the upcoming year.
The Redwood (NYSE:RWT) City, California-based company posted an adjusted loss of $0.16 per share for the quarter ended April 30, beating analyst estimates of a $0.20 loss. Revenue rose 26% YoY to $108.7 million, slightly above the consensus forecast of $108.53 million.
For fiscal 2026, C3.ai expects revenue between $447.5 million and $484.5 million, surpassing Wall Street’s projection of $466 million at the midpoint. The upbeat outlook suggests growing demand for the company’s AI software applications.
"This was a momentum-building year for C3 AI, achieving 25% revenue growth year-over-year," said CEO Thomas M. Siebel. "We delivered breakthrough innovations in agentic AI and dramatically expanded our strategic alliances."
The company closed 69 agreements in Q4, including 36 initial production deployment agreements. C3.ai also renewed and expanded its strategic partnership with Baker Hughes (NASDAQ:BKR) through June 2028.
C3.ai ended the quarter with $742.7 million in cash and marketable securities. The strong results and guidance appear to have boosted investor confidence in the company’s growth trajectory amid rising enterprise adoption of AI technologies.
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