C3.Ai, Inc. ( (AI) ) has released its Q2 earnings. Here is a breakdown of the information C3.Ai, Inc. presented to its investors.
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C3.ai, Inc. is an enterprise AI application software company that provides a suite of integrated products for developing, deploying, and operating AI applications across various industries.
In its fiscal second quarter of 2026, C3.ai reported a 7% increase in revenue quarter-over-quarter, with significant growth in federal bookings, which rose 89% year-over-year. The company highlighted its strong performance in the federal sector and the growing demand for AI solutions among both federal and commercial clients.
Key financial metrics for the quarter included total revenue of $75.1 million, with subscription revenue making up 93% of this total. Despite a GAAP net loss per share of $(0.75), the company maintained a robust cash position with $675 million in cash, cash equivalents, and marketable securities. The company also noted a 49% increase in total bookings quarter-over-quarter, driven by high-value deals and a strong partner ecosystem.
C3.ai’s federal business saw substantial growth, with new and expanded agreements with several U.S. government agencies, reflecting a shift towards commercial off-the-shelf technology solutions. The company’s partner network, including alliances with Microsoft and AWS, contributed significantly to its bookings and pipeline growth.
Looking forward, C3.ai’s management remains optimistic about its growth prospects, focusing on areas of demonstrated leadership and customer success. The company aims to return to growth and achieve cash generation and non-GAAP profitability by executing its detailed operational objectives.