Education
About Us
Working with TipRanks
Follow Us
Lucid Group (LCID)
NASDAQ:LCID
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.23Last Year’s EPS
-0.3Same Quarter Last Year
Based on 10 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -7.28%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
Lucid had a strong year with record vehicle deliveries and successful product launches, indicating positive growth and financial stability. However, the company continues to face challenges with negative gross margins and potential regulatory impacts.Company Guidance
During the Lucid Q4 2024 earnings call, the company provided detailed guidance for 2025, highlighting expectations of producing approximately 20,000 vehicles, up from 9,029 vehicles produced in 2024. The company also reported record deliveries of 10,241 vehicles in 2024. Lucid emphasized significant year-over-year improvements in gross margin, nearly halving the negative margin compared to 2023, with further improvements anticipated in 2025. The call underscored a strategic focus on scaling production, particularly for the Lucid Gravity SUV, which has seen promising order intake despite limited marketing efforts. The Gravity Grand Touring has garnered significant customer interest, with many orders configured above $120,000. For 2025, Lucid expects to significantly ramp up marketing initiatives to boost brand awareness and drive growth. Additionally, the company aims to strengthen its financial position, with liquidity projected to extend into the second half of 2026, bolstered by strategic partnerships and capital investments. Lucid also plans to expand its technology licensing business, with ongoing discussions for new deals as the company continues to advance its technology leadership in the EV industry.Record Year for Vehicle Deliveries
Lucid delivered 10,241 vehicles in 2024, a 71% year-over-year increase, marking a record year for the company.
Successful Launch of Lucid Gravity
Lucid Gravity SUV orders have exceeded expectations, with many customers opting for highly configured versions priced above $120,000.
Strong Financial Position
Lucid ended the quarter with approximately $5.08 billion in cash and a total liquidity of $6.13 billion, providing a runway into the second half of 2026.
Gross Margin Improvement
Lucid improved its gross margin significantly from negative 225% in 2023 to negative 114% in 2024, with further improvements expected in 2025.
---
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 25, 2025 | $2.61 | $2.26 | -13.41% |
| Nov 07, 2024 | $2.22 | $2.21 | -0.45% |
| Aug 05, 2024 | $3.00 | $3.09 | +3.00% |
| May 06, 2024 | $3.05 | $2.62 | -14.10% |
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 12, 2025, TBA Not Confirmed.
What is Lucid Group (LCID) earnings time?
Lucid Group (LCID) earnings time is at May 12, 2025, TBA Not 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 2025 (Q1) is -0.23.
---
