C3.ai (AI) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended July 31, 2026 and C3.ai published the results on September 2, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. C3.ai reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• C3.ai's fiscal year ends April 30. Q1 fiscal 2027 is the three months ended July 31, 2026.
• Non-GAAP EPS excludes stock-based compensation, employer payroll tax on employee stock compensation and restructuring charges.

Source: C3.ai Q1 fiscal 2027 results, September 2, 2026. Also in the Form 10-Q for the quarter ended July 31, 2026. Figures as reported; checked against the release on November 10, 2026.

How C3.ai splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• C3.ai's Subscription revenue was $49.2 million in Q1 fiscal 2027, down 18% from $60.3 million in Q1 fiscal 2026, 94% of total revenue.
• C3.ai's Professional services revenue was $3.2 million in Q1 fiscal 2027, down 68% from $10.0 million in Q1 fiscal 2026, 6% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

C3.ai gives its guidance as a table in millions of dollars. In each row the first range is the second quarter of fiscal 2027 and the second is the full fiscal year ending April 30, 2027.

In its Q1 fiscal 2027 release, C3.ai said:

“The following table summarizes C3 AI's guidance for the second quarter of fiscal 2027 and full-year fiscal 2027:”

“Total revenue $51.0-$55.0 $210.0-$240.0”

“Non-GAAP loss from operations $(34.5) - $(42.5) $(123.0) - $(155.0)”

Source: C3.ai Q1 fiscal 2027 release, Sep 2, 2026.

This is the company's own guidance as of Sep 2, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the AI forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenue and GAAP net loss per share, basic and diluted, each as first reported in that quarter's release.

C3.ai's next report is expected around December 9, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Sep 2, 2026

C3.ai sells enterprise AI software, and subscriptions were $49.2 million, or 94%, of its $52.4 million of revenue in Q1 fiscal 2027. Professional services made up the other $3.2 million: $1.8 million of prioritized engineering services, where a customer pays to speed up features already on C3.ai's roadmap, and $1.4 million of service fees for consulting, training and implementation. (C3.ai Q1 fiscal 2027 release, Sep 2, 2026)

Total revenue fell 25% from $70.3 million a year earlier. Subscription revenue dropped by $11.1 million, or 18%, and professional services by $6.8 million, or 68%, which C3.ai put down mostly to a $6.9 million fall in prioritized engineering services as fewer features were developed and delivered. About 1% of subscription revenue came from new customers, against 32% a year earlier. (C3.ai Form 10-Q, Q1 fiscal 2027, Sep 9, 2026)

C3.ai's revenue is concentrated. One customer entity accounted for 15% of revenue in the quarter, after three accounted for 14%, 13% and 11% a year earlier. The United States was 80% of revenue, down from 91%, while Europe, the Middle East and Africa grew to $9.0 million from $5.6 million. (C3.ai Form 10-Q, Q1 fiscal 2027, Sep 9, 2026)

C3.ai prices much of its software by consumption, charging monthly fees and usage measured in vCPU and vGPU hours after a short proof of value, so usage charges are left out of its contracted backlog. Remaining performance obligations were $200.0 million at July 31, 2026, against $203.1 million at April 30, 2026. The company closed 22 agreements in the quarter, including with Ford Motor Company, Johnson & Johnson, the U.S. Department of Agriculture and the U.S. Marine Corps, and said bookings rose 73% from the previous quarter. (C3.ai Form 10-Q, Q1 fiscal 2027, Sep 9, 2026; C3.ai Q1 fiscal 2027 release, Sep 2, 2026)

C3.ai lost $92.8 million in Q1 fiscal 2027, or $0.60 per share on a GAAP basis, against $116.8 million, or $0.86, a year earlier. Its non-GAAP net loss was $30.7 million, or $0.20 per share. The $62.1 million gap is stock-based compensation of $59.2 million, $2.2 million of employer payroll tax on employee stock compensation and $0.7 million of restructuring charges, mostly vendor consolidation costs. (C3.ai Q1 fiscal 2027 release, Sep 2, 2026)

Costs fell faster than revenue. Operating expenses dropped to $114.9 million from $151.3 million, with sales and marketing down to $41.6 million from $62.5 million and research and development down to $46.5 million from $64.7 million, and the non-GAAP operating loss narrowed to $36.2 million from $57.8 million. Gross margin still fell to 32% from 38% on a GAAP basis and to 50% from 52% on a non-GAAP basis. (C3.ai Q1 fiscal 2027 release, Sep 2, 2026)

Weighted-average shares rose to 154,999 thousand from 135,375 thousand. C3.ai issued 7,879 thousand Class A shares on stock option exercises in the quarter for proceeds of $72.8 million, which accounted for most of the $76 million rise in cash and marketable securities to $651.1 million. (C3.ai Q1 fiscal 2027 release, Sep 2, 2026; C3.ai Form 10-Q, Q1 fiscal 2027, Sep 9, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

C3.ai guides revenue and non-GAAP operating loss, a quarter ahead and for the full year. For Q2 fiscal 2027 it expects total revenue of $51.0 million to $55.0 million and a non-GAAP loss from operations of $34.5 million to $42.5 million. For fiscal 2027 it expects revenue of $210.0 million to $240.0 million and a non-GAAP operating loss of $123.0 million to $155.0 million. It does not reconcile the guidance to GAAP because stock-based compensation is hard to forecast. (C3.ai Q1 fiscal 2027 release, Sep 2, 2026)

A consensus figure is the average of the models published by the analysts who cover C3.ai, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones C3.ai's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning AI is on is AI a buy or a sell?, what analysts expect next is on the AI forecast, and what the company does is on the C3.ai (AI) stock page.

Every number on this page can be traced to a document C3.ai published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.