Q4 24 EPS
$-0.22
BEAT +22.81%
Est. $-0.29
Q4 24 Revenue
$234.5M
BEAT +10.72%
Est. $211.8M
vs S&P Since Q4 24
-105.6%
TRAILING MARKET
LCID -82.1% vs S&P +23.5%
Full Year 2024 Results
FY 24 EPS
$-1.04
FY 24 Revenue
$807.8M
Market Reaction
Did LCID Beat Earnings? Q4 2024 Results
Lucid Group closed out Q4 2024 with a stronger-than-expected performance, posting a loss of $0.22 per share against a consensus estimate of $0.28 and delivering revenue of $234.47 million, a 10.72% beat that reflected a striking 49.2% year-over-year … Read more Lucid Group closed out Q4 2024 with a stronger-than-expected performance, posting a loss of $0.22 per share against a consensus estimate of $0.28 and delivering revenue of $234.47 million, a 10.72% beat that reflected a striking 49.2% year-over-year increase from $157.15 million in Q4 2023. The revenue surge was powered by 3,099 vehicle deliveries in the quarter, up 79% from a year ago, as the company pushed full-year 2024 deliveries to 10,241 units. While the top-line momentum was encouraging, Lucid's cost structure remains deeply challenged; Q4 cost of revenue alone reached $443.25 million against $234.47 million in sales, and the quarter's operating loss came in at $732.95 million. The earnings report was overshadowed by the departure of longtime CEO Peter Rawlinson, with COO Marc Winterhoff stepping in as Interim CEO, a leadership shift that sent shares lower despite the beats. Looking ahead, Lucid issued 2025 production guidance of approximately 20,000 vehicles, more than doubling its 2024 output, anchored by the ramp of the Gravity SUV.
Key Takeaways
- • 79% year-over-year increase in Q4 deliveries to 3,099 vehicles
- • 71% year-over-year increase in full-year deliveries to 10,241 vehicles
- • Production of 9,029 vehicles met 2024 guidance of approximately 9,000
- • Substantial progress in improving gross margins
- • Four consecutive quarters of record deliveries in 2024
LCID YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
“2024 was a transformational year for Lucid and I am honored to step into this role as Lucid enters the next phase of its journey. We have an extremely talented team that is laser-focused on ramping production of Lucid Gravity, our technology licensing business, our Midsize platform vehicles, and further monetization opportunities.”
— Marc Winterhoff, Q4 2024 Earnings Press Release
LCID Earnings Trends
LCID vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LCID EPS Trend
Earnings per share: estimate vs actual
LCID Revenue Trend
Quarterly revenue: estimate vs actual
LCID Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | $-2.30 | — | — | — | — |
| Q4 25 MISS FY | $-2.67 | $-3.08 | -15.18% | $522.7M | +13.75% |
| FY Full Year | — | $-10.09 | — | $1.35B | — |
| Q3 25 MISS | $-2.22 | $-2.65 | -19.37% | $336.6M | -9.19% |
| Q2 25 MISS | $-0.22 | $-0.24 | -11.11% | $259.4M | -2.00% |
| Q1 25 BEAT | $-0.23 | $-0.20 | +14.13% | $235.0M | -4.52% |
| Q4 24 BEAT FY | $-0.29 | $-0.22 | +22.81% | $234.5M | +10.72% |
| FY Full Year | — | $-1.04 | — | $807.8M | — |