LCID
Lucid Group, Inc.11.52
-0.29-2.46%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A clarifies mix, defers details.
Q&A largely reaffirmed prepared remarks on Gravity ramp and prudent 2026 guidance, with clarifications on production mix—majority Gravity, negligible midsize or robotaxi volume. No recurring revenue from Uber deal, just vehicle sales, though more arrangements loom. Management eyes Tesla Model S/X defectors, planning acceleration. Europe growth modest pre-midsize amid Chinese low-end focus. Margins and cash burn drew probes; answers qualitative, deferred to Investor Day. Q&A stayed light on numbers. Investors watch March 12 for profitability path.
Key Stats
Market Cap
3.73BP/E (TTM)
-Basic EPS (TTM)
-10.51Dividend Yield
0%Recent Filings
8-K
Midsize platform unveiled
Lucid hosted Investor Day on March 12, 2026, unveiling Midsize platform details—Cosmos and Earth SUVs starting under $50K—with Atlas drive unit slashing costs 37% versus Gravity. Advanced Uber talks aim to deploy vehicles at Gravity robotaxi scale. Midsize production starts late 2026. Path to profitability sharpens via scale and efficiency.
10-K
FY2025 results
Lucid's FY2025 delivered revenue growth of 68% to $1.4B on higher Air and Gravity volumes, yet posted a $2.7B net loss amid $816M inventory write-downs and $120M tariff hits that crushed margins to -92.8%. Q4 ramped Gravity production at AMP-1 (90k capacity), but sequential cost pressures from supply snarls persisted. Cash burned $2.9B on ops, offset by $887M financing including $975M 7% notes due 2031; $2.1B liquidity remains. Debt stands at $2.7B with Saudi facilities supporting AMP-2 buildout. Supply disruptions threaten Q1 momentum.
8-K
Lucid cuts 12% workforce
Lucid announced a 12% U.S. workforce cut (excluding production) on February 20, 2026, targeting $500M savings over three years amid $40-42M severance costs, to fund Midsize platform production, robotaxi push, and ADAS. Q4 revenue hit $522.7M, up 123% YoY, with 15,841 vehicles delivered and $4.6B liquidity. 2026 production: 25,000-27,000 vehicles. Cuts sharpen focus, yet execution risks loom.
8-K
Lucid enhances CFO perks
Lucid Group boosted CFO Taoufiq Boussaid's perks on January 20, 2026, doubling his annual French retirement stipend to $200,000 and extending Bay Area housing to 12 months. They added up to $275,000 in severance repatriation, tax, and immigration support for his French national status. Adjustments align original offer intent amid new details. Retention sweetened.
8-K
Lucid Q4 production surges 116%
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