C3.ai Names Stephen Ehikian as New CEO, Pulls Fiscal Year Guidance — Update

By Stephen Nakrosis

C3.ai named Stephen Ehikian as its new chief executive officer, and said it was withdrawing its previous full-year fiscal 2026 guidance, given the appointment and the restructuring of its sales and services organizations.

Ehikian will succeed founder Thomas Siebel, who will continue to serve as executive chairman, the company said.

Most recently, Ehikian served as President Trump's appointee as acting administrator of the General Services Administration. Before that, he built RelateIQ and Airkit.ai, both of which were later acquired by Salesforce, C3.ai said.

The company released fiscal first-quarter results, which showed a loss per share of 86 cents on revenue of $70.3 million. Analysts were expecting a loss of 62 cents per share, according to FactSet

In the year-ago period, the company reported a loss per share of 50 cents on revenue of $87.2 million.

On an adjusted basis, C3.ai reported a loss per share of 37 cents.

Siebel called the company's first-quarter financial performance "completely unacceptable." He said one factor was that the reorganization with new sales and services leadership had a short-term disruptive effect. Siebel said he experienced a number of unanticipated health issues, which prevented him from participating in the sales process as actively as he had in the past.

The company said it was expecting second-quarter revenue in a range of $72 million and $80 million and a loss from operations of $49.5 million to $57.5 million.

Shares fell 11% to $14.92 in late-trading Wednesday. Shares had lost 52% of their value so far in 2025.

Siebel said under Ehikian's leadership, C3.a1 has "the rare combination of the right person, at the right company, in the right market, at the right time."

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

September 03, 2025 17:24 ET (21:24 GMT)