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Lucid Group (LCID)
NASDAQ:LCID
Earnings Data
Report Date
May 11, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-2.2Last Year’s EPS
-2.4Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of substantial operational progress and commercial momentum (double-digit production and delivery growth, big revenue beats, unit-cost reductions, strategic partnerships such as Uber/Nuro, and a healthy liquidity position) alongside material financial and execution risks (large operating losses and negative free cash flow, heavy near-term CapEx, tariffs and supply-chain costs, a production count adjustment, and workforce reductions). Management emphasized structural improvements, cost discipline and a clear roadmap (midsize platform and robotaxi commercialization) but also disclosed constrained runway into H1 2027 and the need for continued execution to translate operational gains into profitability.Company Guidance
Strong Production Ramp and Throughput Improvements
Q4 production of 7,874 vehicles (up 133% YoY); full year production 7,840 vehicles (up 98% YoY). Management reports a repeatable run rate supporting up to ~7,500 vehicles/quarter as throughput, yield and first-time-right improved.
Record Deliveries and Growing Demand
Q4 deliveries 5,345 vehicles (up 72.5% YoY; up 31.1% sequentially). Full year deliveries 15,841 vehicles (up 54.7% YoY). Q4 marked eighth consecutive quarter of record deliveries.
Material Revenue Growth and Beating Consensus
Q4 revenue $522.7M (up 55% sequentially and 123% YoY). Full year revenue $1.35B (up 68% YoY). Company exceeded consensus expectations for both Q4 and full year.
Meaningful Margin and Unit-cost Progress
Sequential gross margin improved by ~18 percentage points in Q4. Manufacturing cost per vehicle (manufacturing, logistics, labor, overhead) declined ~27% during 2025. Company targets an additional ~20% manufacturing cost reduction by Q4 2026.
Successful New Model Ramp and Awards
Ramp of the Lucid Gravity (first SUV) progressed; Gravity represented majority of Q4 deliveries and drove higher ASP. Gravity and Air received multiple awards (e.g., Car and Driver 10Best, Esquire Car of the Year). Lucid Air was #1 selling EV in its U.S. segment (2025) and #3 in the large luxury car segment.
Strategic Partnerships and Robotaxi Opportunity
Closed $300M investment from Uber; agreement to deliver a minimum of 20,000 autonomous Lucid Gravity vehicles to Uber/Nuro fleet; on-road robotaxi testing began in Bay Area with commercial deployment on track for 2026. Management cites expanded TAM to ~$700B by 2035 including robotaxi business.
Midsize Platform and M2 Factory Progress
Midsized platform validation builds underway; midsize target price below $50,000 and expected to expand TAM from $40B to $350B by 2030. M2 factory in Saudi Arabia slightly ahead of schedule with equipment installation begun; startup production for midsize vehicle scheduled end of 2026.
Healthy Liquidity Position
Ending liquidity of ~$4.6B (approximately $2.1B cash + $2.5B undrawn committed facilities). Management states runway into the first half of 2027 under current plan.
Commercial & Service Expansion
Plans to open 42 new locations in 2026; expanded service lift capacity by 40% in U.S. and Canada; certified pre-owned program launched (Lucid Recharged); expanded access to >27,500 Tesla Superchargers in North America and >66,500 fast chargers total in the U.S.
LCID Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LCID Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $9.92 | $10.28 | +3.63% |
Nov 05, 2025 | $17.24 | $17.96 | +4.18% |
Aug 05, 2025 | $24.20 | $21.85 | -9.71% |
May 06, 2025 | $23.30 | $22.50 | -3.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Lucid Group (LCID) report earnings?
Lucid Group (LCID) is schdueled to report earning on May 11, 2026, After Close (Confirmed).
What is Lucid Group (LCID) earnings time?
Lucid Group (LCID) earnings time is at May 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LCID EPS forecast?
LCID EPS forecast for the fiscal quarter 2026 (Q1) is -2.2.
