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Oct 31, 2025
C3.ai Q2 2026 Earnings Report
C3 AI reported Q2 FY26 results with modest revenue growth and continued momentum in federal bookings, despite a net loss.
Key Takeaways
C3 AI delivered a solid Q2 FY26 with strong federal deal activity driving 49% QoQ bookings growth. However, the company continued to operate at a loss while maintaining a healthy cash position.
Total revenue reached $75,147,000, primarily driven by subscription services.
Federal, defense, and aerospace bookings increased 89% YoY, contributing 45% of total bookings.
GAAP net loss was $104,668,000, with a non-GAAP EPS of $(0.25).
The company ended the quarter with $675,034,000 in cash, equivalents, and marketable securities.
Revenue by Segment
Forward Guidance
C3 AI expects Q3 FY26 revenue between $72M and $80M, and full-year revenue between $289.5M and $309.5M, while continuing to operate at a non-GAAP loss.
Positive Outlook
- Strong federal bookings with 89% YoY growth.
- 45% of total bookings came from federal, defense, and aerospace.
- Partner-driven deals accounted for 89% of bookings.
- Microsoft and AWS partnerships drove triple-digit YoY pipeline growth.
- Expanded adoption of C3 Generative AI and Agentic AI solutions across commercial and government clients.
Challenges Ahead
- GAAP net loss remained high at over $100M for the quarter.
- Non-GAAP loss from operations expected between $44M and $52M in Q3.
- Full-year non-GAAP operating loss guidance between $180.5M and $210.5M.
- Revenue declined YoY from $94.3M to $75.1M.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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