EarningsQ2 2026 Earnings Report
MX:LCID Q2 2026 EPS Results
Actual EPS-$59.93
Consensus EPS-$43.22
Beat/MissMissed by -$16.71
One Year Ago EPS-$43.59
MX:LCID Q2 2026 Revenue Results
Actual Revenue$7.36B
Expected Revenue$6.93B
Beat/MissBeat by +$431.40M
YoY Revenue Growth+56.24%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
MX:LCID Upcoming Earnings
Lucid Group's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:LCID Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced clear positive operational and strategic steps (strengthened liquidity position, a defined $1.4B improvement plan, sequential revenue and deliveries growth, robotaxi partnership momentum, and concrete quality/service initiatives) against material near‑term financial and operational challenges (very large negative gross margins and EBITDA, a $300M inventory impairment, substantial free cash outflow, production curtailment, and guidance uncertainty). Management presented specific remediation actions and a path to extend runway into 2027, but the company remains in a turnaround phase with meaningful execution risk.Company Guidance
Liquidity and Short-Term Runway
Total liquidity of ~$3.0 billion as of June 30, 2026 (including ~$800 million cash and investments and ~$2.2 billion available borrowing capacity). Post-quarter draw of an additional $800 million under the Delayed Draw Term Loan Facility; management expects liquidity to extend well into 2027.
$1.4 Billion Cash Flow Improvement Plan
Identified approximately $1.4 billion of cash flow improvements for 2026 across operating costs, capital spending and working capital. Actions already implemented include U.S. workforce reduction (~20%) and elimination of the second shift at AMP‑1, which together produced an estimated $115 million in projected annualized savings.
Revenue, Production and Delivery Momentum
Q2 revenue of approximately $405 million, up 44% sequentially and up 56% year‑over‑year. Q2 deliveries of 3,953 vehicles (up 28% sequentially and up 19% year‑over‑year). Q2 production of 4,774 vehicles (down 13% sequentially but up 24% year‑over‑year). Average selling price improved ~3.7% sequentially; regulatory credit revenue contributed ~$25 million.
Robotaxi Partnership Progress (Uber / Nuro)
Active engineering fleet of nearly 100 robotaxi vehicles in testing (San Francisco Bay Area and Houston); production validation vehicles assembled in Coolidge and delivered to partners; regular vehicle production planned in Q4 with launch expected late 2026. Company created Lucid Technologies business unit to capture robotaxi and related platform opportunities.
Service, Quality and Software Improvements
Customer and quality initiatives underway: plan to increase number of technicians and dedicated customer staff by ~35% and mobile service capacity by >20% by year‑end; target to reduce wait times by >30%. Reported software quality improvements during the quarter and released Gravity UX 3.6 (includes hands‑free drive assist and stability fixes). New Chief Customer Officer and Chief Technology Officer hires to drive accountability.
AMP‑2 and Midsize Program Progress
AMP‑2 factory construction moving into industrialization with equipment testing across stamping, body, paint and final assembly; management expects AMP‑2 ready for production in early 2027 and Midsize production in H2 2027. Midsize program (Cosmos prototype) advancing through prototype validation, drive-testing, crash and durability work; program leadership strengthened.
MX:LCID Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed