Lucid Group reports Q3 adjusted EPS ($2.65), consensus ($2.12)

Reports Q3 revenue $336.6M, consensus $352.69M. Produced 3,891 vehicles in Q3, up 116% compared to Q3 2024, with more than 1,000 additional vehicles built for Saudi Arabia for final assembly. Delivered 4,078 vehicles in Q3; up 47% compared to Q3 2024. “We maintained strong operational momentum this quarter, delivering solid results in both production and customer deliveries,” said Marc Winterhoff, Interim CEO at Lucid. “Our team remains intensely focused on ramping up production and addressing the significant supply chain disruptions impacting the entire industry. At the same time, we continue to advance our position in autonomy and intelligent mobility, from our robotaxi partnership to our new collaboration with NVIDIA, positioning Lucid to be among the first to bring Level 4 autonomous driving to privately owned passenger vehicles. And as we work toward key milestones in the coming quarters, today’s organizational changes will accelerate innovation, empower decisive action, and ensure Lucid is best positioned for global expansion.”