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Lucid Earnings Calls
| Release date | May 05, 2026 |
| EPS estimate | -$2.72 |
| EPS actual | -$3.46 |
| EPS Surprise | -27.21% |
| Revenue estimate | 358.456M |
| Revenue actual | 282.465M |
| Revenue Surprise | -21.20% |
| Release date | Feb 24, 2026 |
| EPS estimate | -$2.49 |
| EPS actual | -$3.62 |
| EPS Surprise | -45.38% |
| Revenue estimate | 459.531M |
| Revenue actual | 522.73M |
| Revenue Surprise | 13.75% |
| Release date | Nov 05, 2025 |
| EPS estimate | -$2.32 |
| EPS actual | -$3.31 |
| EPS Surprise | -42.67% |
| Revenue estimate | 473.079M |
| Revenue actual | 336.58M |
| Revenue Surprise | -28.85% |
| Release date | Aug 05, 2025 |
| EPS estimate | -$2.18 |
| EPS actual | -$2.80 |
| EPS Surprise | -28.44% |
| Revenue estimate | 259.355M |
| Revenue actual | 259.432M |
| Revenue Surprise | 0.0298% |
Last 4 Quarters for Lucid
Below you can see how LCID performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 05, 2025 |
| Price on release | $2.42 |
| EPS estimate | -$2.18 |
| EPS actual | -$2.80 |
| EPS surprise | -28.44% |
| Date | Price |
|---|---|
| Jul 30, 2025 | $2.50 |
| Jul 31, 2025 | $2.46 |
| Aug 01, 2025 | $2.42 |
| Aug 04, 2025 | $2.41 |
| Aug 05, 2025 | $2.42 |
| Aug 06, 2025 | $2.19 |
| Aug 07, 2025 | $2.17 |
| Aug 08, 2025 | $2.13 |
| Aug 11, 2025 | $2.19 |
| 4 days before | -3.20% |
| 4 days after | -9.50% |
| On release day | -9.71% |
| Change in period | -12.40% |
| Release date | Nov 05, 2025 |
| Price on release | $17.24 |
| EPS estimate | -$2.32 |
| EPS actual | -$3.31 |
| EPS surprise | -42.67% |
| Date | Price |
|---|---|
| Oct 30, 2025 | $17.53 |
| Oct 31, 2025 | $17.75 |
| Nov 03, 2025 | $16.64 |
| Nov 04, 2025 | $16.36 |
| Nov 05, 2025 | $17.24 |
| Nov 06, 2025 | $17.96 |
| Nov 07, 2025 | $17.28 |
| Nov 10, 2025 | $17.18 |
| Nov 11, 2025 | $16.99 |
| 4 days before | -1.65% |
| 4 days after | -1.45% |
| On release day | 4.18% |
| Change in period | -3.08% |
| Release date | Feb 24, 2026 |
| Price on release | $9.92 |
| EPS estimate | -$2.49 |
| EPS actual | -$3.62 |
| EPS surprise | -45.38% |
| Date | Price |
|---|---|
| Feb 18, 2026 | $9.80 |
| Feb 19, 2026 | $9.75 |
| Feb 20, 2026 | $9.55 |
| Feb 23, 2026 | $9.44 |
| Feb 24, 2026 | $9.92 |
| Feb 25, 2026 | $10.28 |
| Feb 26, 2026 | $10.59 |
| Feb 27, 2026 | $10.00 |
| Mar 02, 2026 | $10.03 |
| 4 days before | 1.22% |
| 4 days after | 1.11% |
| On release day | 3.63% |
| Change in period | 2.35% |
| Release date | May 05, 2026 |
| Price on release | $6.25 |
| EPS estimate | -$2.72 |
| EPS actual | -$3.46 |
| EPS surprise | -27.21% |
| Date | Price |
|---|---|
| Apr 29, 2026 | $5.76 |
| Apr 30, 2026 | $6.37 |
| May 01, 2026 | $6.54 |
| May 04, 2026 | $6.69 |
| May 05, 2026 | $6.25 |
| May 06, 2026 | $6.19 |
| May 07, 2026 | $6.05 |
| May 08, 2026 | $6.34 |
| May 11, 2026 | $6.03 |
| 4 days before | 8.51% |
| 4 days after | -3.52% |
| On release day | -0.96% |
| Change in period | 4.69% |
Lucid Earnings Call Transcript Summary of Q1 2026
Key points for investors:
- Leadership and strategy: Incoming CEO Silvio Napoli (very new to the role) emphasizes customer focus, simplification, prioritization, and embedding cost/capital discipline; he is conducting a review and will not provide updated guidance until after that review. Interim CEO Marc Winterhoff remains COO and will continue to execute.
- Capital and liquidity: Lucid completed ~ $1.05 billion of financing in Q2 actions (including $550M from PIF) plus draws/amendments to its DDTL. Pro forma liquidity at quarter end would have been roughly $4.7 billion, which management says extends the runway into the second half of 2027. Management prefers disciplined, opportunistic financing (e.g., convertible preferred from PIF) to balance dilution.
- Strategic partnerships and autonomy: The Uber partnership was expanded (minimum 35,000 robotaxis and Uber’s investment increased to $500M). Joint robotaxi program with Nuro and Uber is on track with key milestones met; commercial robotaxi operations targeted for late 2026.
- Operations and product roadmap: Q1 production was 5,500 vehicles (up 149% YoY); deliveries were 3,093 (flat YoY). A temporary Gravity stop-sale in February caused inventory buildup and cost/headline margin disruption. The Midsize (M2) platform remains on track for start/ramp in 2027 with expected entry pricing below $50k; BOM cost trajectory remains better than initial estimates.
- Financial performance and cost actions: Q1 revenue was $282M (+~20% YoY) but gross margin was deeply negative (negative 110.4%) due to lower deliveries, underabsorbed fixed costs, and lower regulatory credit sales. Net loss ~ $1B. Management launched an aggressive cost reduction program including headcount actions expected to yield ~$500M savings over three years and reiterated the midterm goal of gross-margin breakeven and positive free cash flow later in the decade.
- Reporting and guidance: Production reporting methodology changed to a ‘‘process complete’’ definition to improve comparability. Prior guidance is suspended while the new CEO completes his review; full updated outlook will be provided at Q2 results. Management continues to stress discipline: align production with demand to avoid excess inventory.
