Companies /Consumer Cyclical

Lucid Group Inc

NASDAQ: LCID Auto Manufacturers
$4.28
▲ $0.24 (+5.94%) today
Markets closed · 11:29pm ET

Q2 2025 Earnings

Reported Aug 5, 2025, 4:08pm ET · SEC source
$-0.24
Miss −11.11%
EPS · est. $-0.22
$259.4M
Miss −2.00%
Revenue · est. $264.7M
−27.0%
Trailing market
LCID vs S&P since report
5 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
0+4%+8%Aug 5Aug 6report 4:08pm ETearnings+0.8%−1.8%
0+4%+8%Aug 5Aug 6earnings+0.8%−1.8%
LCID −1.8%S&P 500 +0.8%
0+4%+8%Aug 5Aug 6report 4:08pm ETearnings+1.3%−1.8%
0+4%+8%Aug 5Aug 6earnings+1.3%−1.8%
LCID −1.8%NASDAQ +1.3%
−5%0+5%+10%Aug 4Aug 13report 4:08pm ETearnings+2.7%+4.2%
−5%0+5%+10%Aug 4Aug 13earnings+2.7%+4.2%
LCID +4.2%S&P 500 +2.7%
−5%0+5%+10%Aug 4Aug 13report 4:08pm ETearnings+3.7%+4.2%
−5%0+5%+10%Aug 4Aug 13earnings+3.7%+4.2%
LCID +4.2%NASDAQ +3.7%
+0.41%
Day of report
−9.71%
Next session
−6.20%
One week
−23.93%
30 days

S&P 500 over the same 30 days: +3.07%.

Did LCID Beat Earnings? Q2 2025 Results

Lucid Group closed out Q2 2025 with a familiar combination of accelerating growth and deepening losses, missing Wall Street expectations on both the top and bottom lines. The electric vehicle maker reported revenue of $259.43 million, up 29.3% year-over-year but falling short of the $264.74 million consensus estimate, while its non-GAAP adjusted loss per share of $-0.24 widened past the $-0.22 estimate by 11.11%. The primary weight on results was an operating loss of $803.05 million, as cost of revenue of $531.78 million continued to dwarf total sales — a persistent structural challenge as the company scales. A landmark robotaxi partnership with Uber and Nuro, calling for a minimum of 20,000 Lucid Gravity vehicles equipped with Level 4 autonomy, offered investors a compelling longer-term narrative even as <a href="https://247wallst.com/investing/2026/02/25/lucid-posts-its-best-delivery-quarter-yet-but-a-3-62-loss-per-share-spooks-investors/">near-term losses weighed on sentiment</a>. Looking ahead, Lucid trimmed its 2025 production outlook to 18,000–20,000 vehicles from a prior target of 20,000, citing the ongoing Gravity SUV ramp as the central catalyst for the second half.

Key Takeaways
  • Sixth consecutive quarter of record deliveries (3,309 vehicles, up 38.2% YoY)
  • Produced 3,863 vehicles in Q2
  • Total liquidity of approximately $4.86 billion at quarter end
  • Gain on extinguishment of debt of $116.4 million
  • Favorable change in fair value of derivative liabilities of $111.5 million

“We had our sixth consecutive quarter of record deliveries in Q2 and expect to continue this trend as we ramp up Lucid Gravity production in the second half of the year. In Q1, we mentioned our ongoing partnership discussions to develop new revenue streams for our EV technology and beyond. The robotaxi partnership we announced with Uber and Nuro is a perfect example aligned with that strategy. We also continued to double down on increasing our brand awareness, introducing Timothée Chalamet, an award-winning actor and cultural icon, as our first global brand ambassador.”

Lucid CEO, on the earnings call

Forward Guidance & Outlook

Lucid revised its 2025 production outlook to 18,000–20,000 vehicles, down from prior guidance of 20,000 vehicles. The company expects to continue its record delivery trend as it ramps up Lucid Gravity production in the second half of 2025. Management emphasized disciplined cost management, brand building, and executing the Gravity launch ramp as near-term priorities, while remaining committed to strengthening the balance sheet and maintaining long-term alignment with partners and shareholders.

LCID YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$-800,000,000$-400,000,000$0$200.6M$259.4MRevenue$-274,990,913$-272,351,000Gross Profit$-819,268,517$-803,047,000Operating Income$-464,387,052$-539,432,000Net Income
$-800,000,000$-400,000,000$0RevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.