Lucid's earnings call showed strong performance in vehicle production and strategic partnerships, indicating positive future prospects. However, significant challenges in gross margin due to tariffs and supply chain issues present ongoing concerns.

Company Guidance -

Q3 2025

During the Lucid Group's second quarter 2025 earnings call, several key metrics were highlighted. The company reported a 29% year-over-year increase in revenue, totaling $259 million, and delivered 3,309 vehicles, marking a 38% increase in deliveries compared to the previous year. This represented their sixth consecutive quarter of record deliveries. Lucid produced 3,863 vehicles in the quarter, an 83% increase year-over-year. However, their gross margin was negatively impacted, registering at negative 105%, largely due to a $54 million impact from tariffs. The company revised its annual production guidance to a range of 18,000 to 20,000 vehicles, reflecting the potential impact of market volatility. Lucid also reported an adjusted EBITDA of negative $632 million, driven by gross margin pressure, and ended the quarter with $3.6 billion in cash and investments, providing a total liquidity of $4.86 billion. The call also highlighted a strategic partnership with Uber and Nuro, with Uber planning to invest $300 million in Lucid, subject to regulatory approval, and an update to the company's capital expenditure guidance to a range of $1.1 billion to $1.2 billion for 2025.

Record Vehicle Production and Deliveries

Lucid achieved its sixth consecutive quarter of record deliveries with 3,309 vehicles, up 38% year-over-year, and produced 3,863 vehicles, up 83% year-over-year.

Partnership with Uber and Nuro

Lucid announced a partnership with Uber and Nuro to develop a next-generation premium robotaxi. Uber will invest $300 million in Lucid, and plans to deploy a minimum of 20,000 Lucid Gravity vehicles globally over six years.

Brand Expansion with Timothée Chalamet

Lucid named Timothée Chalamet as its first-ever global brand ambassador, launching a new campaign to promote Lucid Gravity, aimed at increasing brand awareness and anchoring the brand in popular culture.

Technological Advancements

The Lucid Air Grand Touring set a Guinness World Record for the longest journey by an electric vehicle on a single charge. The company also updated its DreamDrive Pro system to enable hands-free driving.

New Domestic Sourcing Agreements

Lucid announced agreements with domestic suppliers like Graphite One to enhance its U.S.-based manufacturing and supply chain resilience.

Strong Financial Position

Lucid ended the quarter with $3.6 billion in cash and investments and total liquidity of $4.86 billion, providing a strong financial runway for future operations.

Lucid Group (LCID) Earnings, Revenues Date & History

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LCID Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	-0.24 / -	-0.28	―	―	―
Aug 05, 2025	2025 (Q2)	-0.22 / -0.24	-0.34	29.41% (+0.10)
May 06, 2025	2025 (Q1)	-0.22 / -0.24	-0.3	20.00% (+0.06)
Feb 25, 2025	2024 (Q4)	-0.25 / -0.22	-0.29	24.14% (+0.07)
Nov 07, 2024	2024 (Q3)	-0.31 / -0.28	-0.28	0.00% (0.00)
Aug 05, 2024	2024 (Q2)	-0.27 / -0.34	-0.4	15.00% (+0.06)
May 06, 2024	2024 (Q1)	-0.25 / -0.30	-0.43	30.23% (+0.13)
Feb 21, 2024	2023 (Q4)	-0.30 / -0.29	-0.28	-3.57% (>-0.01)
Nov 07, 2023	2023 (Q3)	-0.37 / -0.28	-0.4	30.00% (+0.12)
Aug 07, 2023	2023 (Q2)	-0.34 / -0.40	-0.33	-21.21% (-0.07)

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
Aug 05, 2025	$2.42	$2.18	-9.92%
May 06, 2025	$2.33	$2.25	-3.43%
Feb 25, 2025	$2.61	$2.26	-13.41%
Nov 07, 2024	$2.22	$2.21	-0.45%

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.