C3.ai (AI) Q1 Revenue Expected to Tumble 53.5% Despite 27% Pre-Earnings Rally

C3.ai (NYSE:AI) will report fiscal first-quarter results after the market closes on June 4, 2026. Analysts project revenue of approximately $24.7 million, a 53.5% year-on-year plunge that reverses the 25.6% growth recorded in the same quarter last year. The company has a history of missing Wall Street targets, including a 46.1% revenue drop last quarter. Despite the dismal outlook, the stock has surged 27.4% over the past month, mirroring broad investor optimism in the data and analytics software sector. However, the average analyst price target of $8.91 implies a 24% downside from the current share price of $11.75. Peers Elastic and Teradata recently beat revenue estimates with 16% and 6.2% growth, respectively, setting a contrasting backdrop for C3.ai’s report.