Key Takeaways LCID reported Q4 revenues of $522.7M, up 123% Y/Y, beating consensus estimates.Lucid Group produced 7,874 vehicles and delivered 5,345 Air units in the quarter.LCID guides 2026 production of 25,000-27,000 vehicles, with up to $1.4B in capex.Lucid Group (LCID) incurred a loss of $3.62 per share for the fourth quarter of 2025, wider than the Zacks Consensus Estimate of a loss of $2.49. The company reported a loss of $2.24 per share in the year-ago period. Revenues of $523 million beat the Zacks ...

Lucid Group (NasdaqGS:LCID) Q4 2025 Earnings call February 24, 2026 05:30 PM ET Company ParticipantsAndrew Perugi - Managing DirectorMarc Winterhoff - Interim CEONick Twork - Vice President of CommunicationsTaoufiq Boussaid - CFOConference Call ParticipantsAndres Sheppard - Senior Equity AnalystItay Michaeli - Senior AnalystJames Picariello - Stock AnalystOperatorGood day, and welcome to Lucid Group's fourth quarter 2025 earnings call. At this time, all participants are in a listen-only mode. After the spea ...

Financial Data and Key Metrics Changes - In Q4 2025, production reached 7,874 vehicles, up 133% year-over-year, while full-year production totaled 70,840 vehicles, up 98% year-over-year [25][26] - Q4 revenue was $522.7 million, up 55% sequentially and 123% year-over-year, with full-year revenue reaching $1.35 billion, up 68% year-over-year [27][28] - Gross margin improved approximately 18 points sequentially in Q4, driven by higher production volume and improved fixed cost absorption [28][29] Business Line Data and Key Metrics Changes - The Lucid Gravity represented the majority of deliveries in Q4, contributing to a significant increase in average selling price (ASP) for the quarter [14][27] - The company shifted to a more targeted build-to-stock approach to meet customer expectations for faster delivery of specific trims and configurations [26] Market Data and Key Metrics Changes - In the U.S., the Lucid Air was the number one selling EV in its segment and third in the large luxury car segment overall in 2025 [14][11] - Q4 deliveries increased 72.5% year-over-year and 31.1% from Q3, while full-year deliveries rose 54.7% compared to 2024 [14][26] Company Strategy and Development Direction - The company aims to leverage the ramp-up of the Gravity and the introduction of midsize vehicles to expand its total addressable market (TAM) from $40 billion to $350 billion by 2030, and potentially to $700 billion by 2035 with the robotaxi market [11][8] - A focus on operational efficiency and cost management is emphasized, with a 12% reduction in the U.S. workforce expected to yield up to $500 million in cost savings over three years [20][31] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the macroeconomic challenges faced in 2025, including tariffs and supply chain disruptions, but expressed confidence in the company's ability to navigate these issues and grow production and deliveries in 2026 [4][19] - The company remains committed to the EV market, emphasizing that EVs are the future and that they will continue to build vehicles that outperform competitors [22][24] Other Important Information - The construction of the M2 factory in Saudi Arabia is ahead of schedule, with equipment installation progressing as planned [12] - The company has launched a certified pre-owned program, Lucid Recharged, to enhance customer ownership experience [18] Q&A Session Summary Question: Will Lucid earn ongoing revenue through its partnership with Uber and Nuro? - The company clarified that the current arrangement involves selling vehicles to Uber, with no further licensing or subscription revenues expected at this time [38] Question: When does the board plan to appoint a permanent CEO? - Management indicated that this question is for the board, with no further updates available [39] Question: What is the clearest path to positive gross margin, and when do you realistically expect to get there? - Management highlighted that improvements in gross margin are expected in 2026 through better cost management and operational efficiencies [40] Question: What is Lucid's plan to grab market share with Tesla scaling back models? - The company acknowledged Tesla's role in the EV market and noted an uptick in inquiries from Tesla owners, indicating plans to accelerate efforts to capture this market [42] Question: What milestones are left before the midsize platform production starts? - Management mentioned that they are in the final stretch of product development and installation of equipment in the Saudi plant [45] Question: Are there any constraints with DRAM memory in production? - Currently, there are no significant constraints, although the situation is being monitored closely [48] Question: How should we think about the unit mix for production guidance this year? - The majority of production and deliveries in 2026 will come from the Gravity, with minimal contributions expected from midsize vehicles and robotaxis [52]

Lucid Group (NasdaqGS:LCID) Q4 2025 Earnings call February 24, 2026 05:30 PM ET Speaker6Good day, and welcome to Lucid Group's fourth quarter 2025 earnings call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, press star 1 again. Please be a ...

Fourth Quarter 2025 Earnings Release February 24, 2026 LUCID GROUP, INC. FOURTH QUARTER 2025 EARNINGS RELEASE Forward Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "shall," "expect," "anticipate," "believe," "seek," "target," " ...

Lucid Files Resale Prospectus Supplement [Accessibility Statement] Skip NavigationNEWARK, Calif., Feb. 24, 2026 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID), maker of the world's most advanced electric vehicles, today announced that it has filed a prospectus supplement with the Securities and Exchange Commission to register for resale up to 69,108,837 shares of its Class A Common Stock.No new shares will be issued or sold by Lucid in connection with this resale prospectus supplement. The shares were reg ...

Financial Highlights Operational Highlights Lucid Gravity and Lucid Air Lucid reported fourth quarter revenue of $522.7 million and annual revenue of $1,353.8 million, ending the quarter with approximately $4.6 billion in total liquidity. "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," said Marc Winterhoff, Interim ...

It's been a struggle to hold Lucid Group (NASDAQ: LCID) over the past five years. The electric vehicle stock has lost almost all of its value -- 98% to be precise -- since it started trading in 2021. But the company has strong financial backing from Saudi Arabia's sovereign wealth fund, and will begin manufacturing vehicles there this year. Lucid is also hosting an investor day in just a few weeks, where management will present updates on the company's technology and its upcoming mid-size vehicle model. W ...

Tesla rival Lucid is slashing its workforce as the EV winter tightens its grip. EV startup Lucid is cutting 12% of US employees, according to an email interim CEO Marc Winterhoff sent to unaffected employees on Friday, which Business Insider has seen.Winterhoff said the cuts would exclude hourly production employees in manufacturing, logistics, and quality. "This difficult but necessary decision was made to improve organisational effectiveness and optimize our resources as we continue on our path toward pro ...

Core Insights - Lucid Motors is laying off 12% of its workforce to improve operational effectiveness and optimize resources towards profitability [1] - The layoffs are not affecting hourly workers in manufacturing, logistics, and quality teams, with the total number of layoffs likely in the hundreds from a workforce of 6,800 full-time employees [2] - Interim CEO Marc Winterhoff expressed gratitude for the contributions of those laid off and mentioned that severance, bonuses, health benefits, and transition support will be provided [3] Production and Product Development - The layoffs occur as Lucid Motors ramps up production and deliveries of its Gravity SUV, which faced initial production and quality issues but has since doubled its output for 2024 [3] - The company plans to launch a more affordable mid-size electric vehicle (EV) priced around $50,000 later this year [4] - Lucid Motors is collaborating with Uber and Nuro to launch a robotaxi service in San Francisco this year [4] Strategic Focus - The company maintains that the layoffs do not affect its strategic priorities, which include the production of the Midsize platform, expansion into the robotaxi market, and growth in sales of Lucid Gravity and Air [5] - Lucid Motors has been without a permanent CEO for almost a year following the abrupt resignation of Peter Rawlinson, leading to significant turnover in its executive ranks [5]