Lucid Group, Inc.: Miss — EPS -$2.30, Revenue $350.32M
Earnings MissQ3 2026 · After-market
Did Lucid Group, Inc. (LCID) beat earnings today?
No, Lucid Group, Inc. (LCID) missed Wall Street analyst expectations for Q3 2026, reporting lower-than-expected EPS and lower-than-expected revenue.
Earnings Per Share-4.07% surprise
-$2.30Actual
Expected: -$2.21
vs. year ago +13.2%
Total Revenue-12.23% surprise
$350.32MActual
Expected: $399.14M
vs. year ago +4.0%
Released Nov 09 · 4:05 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $350.32M | $336.58M | +4.0% |
| Net Loss | $(830.859M) | $(978.428M) | +15.1% |
| GAAP Basic EPS | $(2.74) | $(3.31) | - |
| GAAP Diluted EPS | $(2.74) | $(3.31) | - |
| Adj. Diluted EPS | $(2.30) | $(2.65) | - |
Business Highlights
- ➤Advanced all four Must-Win priorities during Q3.
- ➤Achieved all scheduled Q3 Uber and Nuro project milestones.
- ➤Expanded the autonomy program to more than 100 vehicles on the road.
- ➤Partnered with Bolt to target deployment of at least 25,000 vehicles.
- ➤AMP-2 Saudi Arabia construction entered final industrialization and commissioning stages.
- ➤AMP-2 inauguration is expected in early 2027.
- ➤Midsize testing, final-stage prototyping and validation continued during Q3.
- ➤Midsize pilot production entered its final phase.
- ➤Midsize production remains planned for the second half of 2027.
- ➤Expanded PIF DDTL facility support, increasing liquidity by $1.75 billion.
Management Commentary
Silvio Napoli, Chief Executive Officer
“Our transformation is beginning to show progress. We are acting with urgency, strengthening the fundamentals and driving greater discipline, while continuing to invest in the priorities to deliver profitable long-term growth,”
Silvio Napoli, Chief Executive Officer
“We are grateful for the continued financial support from our anchor shareholder, which further energizes us to remain focused on execution and on our commitments as we build a stronger, sustainable Lucid.”
Alexander De Bock, Chief Financial Officer
“The operating reset announced with our Q2 results includes decisive actions to align our manufacturing capacity with demand, reduce inventory and lower operating expenses. These actions are already showing through in Q3, with free cash flow consumption 30% lower sequentially,”
Alexander De Bock, Chief Financial Officer
“Our team has embraced this transformation, and we look forward to building on this momentum.”