Management ChangeMay 12, 2026, 08:22 AM
C3.ai Founder Thomas Siebel Returns as CEO; Q4 Revenue $51.6M
AI Summary
C3.ai announced that founder Thomas M. Siebel has resumed his role as Chief Executive Officer and Chairman of the Board, effective May 8, 2026, with Stephen Ehikian transitioning to President. The company also reported preliminary financial results for Q4 and full fiscal year 2026, with total revenue within guidance and non-GAAP operating loss better than guidance for both periods. C3.ai signed 28 agreements in Q4 and is progressing with a restructuring plan aimed at $135 million in annualized cost savings.
Key Highlights
- Thomas M. Siebel was appointed Chief Executive Officer and Chairman, effective May 8, 2026.
- Stephen Ehikian transitioned from CEO to President, effective May 8, 2026.
- Q4 FY2026 Total Revenue was $51.6 million, within the guidance range.
- Q4 FY2026 Non-GAAP Loss from Operations was $(54.4) million, better than guidance.
- Full FY2026 Total Revenue was $250.3 million, within the guidance range.
- Full FY2026 Non-GAAP Loss from Operations was $(217.8) million, better than guidance.
- The company ended the fiscal year with $575.4 million in cash, cash equivalents, and investments.
- A restructuring plan is expected to deliver $135 million in annualized non-GAAP cost savings.