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Lucid Group, Inc. LCID Q1 2026 earnings

Reported May 5, 2026 · After market close

Revenue$282.5MMiss by $76.0M
EPS-$3.46Miss by $0.74
Revenue estimate$358.5M
EPS estimate-$2.72
“First quarter results demonstrated the strength of our technology and product portfolio. A supplier issue resolved during the quarter had an impact, but January and March deliveries were ahead of the same periods in the prior year, We expanded strategic partnerships, including with Uber, and continued to advance our autonomy roadmap. We are executing with focus across operations, aligning production and delivery with customer demand. With the announcement of Silvio Napoli as our next Chief Executive Officer, we are entering Lucid's next growth phase with a clear mandate: to accelerate toward financial self-sufficiency while delivering industry-leading innovation and customer experience.”
Marc Winterhoff

Next report

Nov 4, 2026 (in a month)
Revenue estimate$468.6M
EPS estimate-$2.31

Financials

Q1 2026

Income statement

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Revenue$282.5M+20.2%
Gross profit-$311.7M-36.4%
Operating income-$989.5M-43.0%
Net income-$1.0B-181%
EPS (diluted)-$3.46-43.6%

Balance sheet

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Cash & equivalents$765.7M-58.7%
Total debt$3.9B+51.5%
Total equity-$351.4M-111%
Total assets$7.5B-18.8%

Cash flow

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Operating cash flow-$1.2B-177%
CapEx$253.2M+57.0%
Free cash flow-$1.4B-144%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$3.12B-57.4%
Enterprise value$6.23B-22.5%
P/S2.2×-6.2×

Profitability

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Gross margin-95.6%-8.3pp
Operating margin-271.1%-46.9pp
Net margin-239.8%-27.6pp
FCF margin-331.8%+13.5pp

Returns & leverage

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Current ratio1×-2.3×

Segments

By product

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Vehicle Sales Without RVG$264.7M+35.8%
Electric Vehicle Purchase Agreement$144.0M+654%
Sale and Leaseback Transactions$34.4M+32.8%
Regulatory Credit--100%

By geography

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North America$232.8M+4.4%
Middle East$42.2M+441%
Other international$7.4M+71.1%

By segment

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Reportable Segment$282.5M+20.2%

FAQ

When did Lucid Group, Inc. report Q1 2026 earnings?
Lucid Group, Inc. (LCID) reported Q1 2026 earnings on May 5, 2026 after market close.
What were Lucid Group, Inc.'s Q1 2026 revenue and EPS?
Lucid Group, Inc. reported revenue of $282.5M and eps of $-3.46 for Q1 2026.
Did Lucid Group, Inc. beat estimates in Q1 2026?
Revenue missed the consensus estimate of $358.5M by $76.0M. EPS missed the consensus estimate of $-2.72 by $0.74.
How did Lucid Group, Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 20.2% from $235.0M a year earlier and eps declined 1341.7% from $-0.24.
Where can I find Lucid Group, Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-030509) and the 10-Q periodic report (0001628280-26-030517) directly on SEC EDGAR. The filing index links above go to sec.gov.