Q1 26 EPS
$N/A
Est. $-2.30
Q1 26 Revenue
N/A
Est. $358.5M
vs S&P Since Q1 26
-51.8%
TRAILING MARKET
LCID -45.9% vs S&P +5.9%
Market Reaction
Did LCID Beat Earnings? Q1 2026 Results
Lucid Group delivered a tale of two metrics in its Q4 2025 report, posting revenue that cleared Wall Street's bar by a wide margin while losses deepened far beyond what analysts had modeled. Revenue surged 122.9% year over year to $522.73 million, be… Read more Lucid Group delivered a tale of two metrics in its Q4 2025 report, posting revenue that cleared Wall Street's bar by a wide margin while losses deepened far beyond what analysts had modeled. Revenue surged 122.9% year over year to $522.73 million, beating the $459.54 million consensus by 13.75%, as 5,345 vehicle deliveries, up 72% from Q4 2024, reflected the ramp of the Gravity SUV and improving manufacturing execution. But what Wall Street was watching closely was the bottom line, where an adjusted loss per share of $3.08 missed the $2.67 estimate by 15.18%, with cost of revenue exceeding total revenue by more than $400 million in the quarter. The GAAP net loss widened to $814.02 million from $397.22 million a year earlier, and free cash flow came in at negative $1.24 billion. Looking ahead, Lucid guided 2026 production of 25,000 to 27,000 vehicles, with plans to begin building its Midsize platform and launch commercial robotaxi service, signaling that the growth story remains firmly intact even as the path to profitability stays a work in progress.
Key Takeaways
- • 72% year-over-year increase in Q4 deliveries to 5,345 vehicles
- • Lucid Gravity SUV production ramp contributing to volume growth
- • Reduced unit costs through improved manufacturing execution
- • U.S. luxury EV market share gains
LCID Forward Guidance & Outlook
Lucid provided 2026 annual production guidance of 25,000–27,000 vehicles, representing significant growth from 17,840 vehicles produced in 2025. The company plans to begin production of its first Midsize vehicles and deploy the first Lucid robotaxis into commercial service with partners in 2026. Management signaled targeted adjustments to U.S.-based non-manufacturing workforce to reallocate resources toward growth and margin progression. The focus remains on operational and financial discipline, sustainable growth, and continued progress toward profitability.
LCID YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“2025 was all about execution and strategy adjustment to set Lucid up for long-term success. Against a challenging macro backdrop, we nearly doubled production, gained market share, reduced unit costs, and strengthened our financial position.”
— Marc Winterhoff, Q1 2026 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 | — |