AI Stock Jumps 3% After-Hours — Founder Siebel Returns As CEO With $69M Cash Injection

• In a statement, Siebel, who also serves as chairman, said the company now has a clear strategy. 
• He called recent sales results “entirely unacceptable, to the point of surreal,” but added, “We are here to fix it.”
• Siebel purchased 6.17 million shares of the company at $11.16 each, boosting its balance sheet.

C3.ai (AI) shares jumped 3% in after-hours trading on Wednesday after the enterprise AI software company reported fiscal fourth-quarter and full-year 2026 results, with investors cheering founder Thomas M. Siebel’s return as CEO and his personal cash injection into the balance sheet.

The stock rose despite another quarter of year-over-year revenue declines and operating losses. Siebel’s blunt admission of unacceptable sales performance and his pledge to focus on revenue growth, cash generation, and adjusted profitability outweighed the headline numbers for traders betting on a leadership turnaround.

Siebel Terms Q1 Earnings ‘Entirely Unacceptable’ But Vows Turnaround

In a statement, Siebel, who also serves as chairman, said the company now has a clear strategy, restructured organization, new leadership and execution plan aimed at increasing shareholder value.

He called recent sales results “entirely unacceptable, to the point of surreal,” but added, “We are here to fix it.” The company disclosed that its cash, cash equivalents, and marketable securities reached $673 million as of June 3, including proceeds from Siebel’s purchase of 6.17 million shares at $11.16 each.

AI’s Q4 Earnings

For the fourth quarter ended April 30, C3.ai posted revenue of $51.6 million, above an analyst estimate of $50.23 million, but down by over 50% year-on-year. Adjusted net loss per share was $0.33, below an estimated loss of $0.37 per share. The company said its $135 million annualized adjusted cost-saving restructuring is substantially complete.

C3.ai guided fiscal 2027 first-quarter revenue at $50 million to $54 million and full-year revenue at $210 million to $240 million, with continued pressure on the top line. Wall Street, on average, is expecting Q1 revenue of $51.72 million and full-year revenue of $224.66 million.

How Did AI Retail Traders React?

On Stocktwits, retail sentiment around AI stock stayed within the ‘extremely bullish’ territory while message volume remained at ‘low’ levels.

A Stocktwits user highlighted the CEO’s share purchase.

Another user, however, highlighted the stock’s poor earnings print.

AI stock has fallen 58% over the past 12 months. 

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