Earnings Releases·Nov 9, 2026, 4:08 PM ET

Lucid Group — Third Quarter 2026 Earnings Summary

Revenue grew 4% year-over-year to $350.3 million, outperforming the broader US BEV market which declined 41%, while net loss widened to $1.08 billion from $1.03 billion in the prior year period.
Free cash flow consumption decreased 30% sequentially to $1.04 billion, and total liquidity reached $2.0 billion, rising to $3.75 billion on a pro forma basis following a $1.75 billion expansion of the DDTL facility with PIF.
The company remains on track to achieve $1.4 billion in savings under its Cash Flow Improvement Plan and expects current liquidity to fund operations through Q4 2027, bridging to Midsize program production.
Midsize pilot production is in its final phase with full production targeted for the second half of 2027, alongside an AMP-2 facility inauguration in Saudi Arabia expected in early 2027.
Strategic partnerships with Uber, Nuro, and Bolt are advancing, with over 100 autonomy vehicles on the road and a goal to deploy 25,000 vehicles via Bolt, while management plans to communicate mid-term targets early next year.