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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Lucid Group, Inc. (LCID) is 5/10.
Lucid's first quarter of 2026, the last under interim CEO Marc Winterhoff before Silvio Napoli's arrival, paired balance-sheet progress with an operational setback. Revenue grew about 20% year-over-year to $282 million, but a temporary Gravity stop sale held deliveries flat at 3,093 despite 5,500 vehicles produced, and gross margin fell to -110.4% on fixed-cost underabsorption. Net loss was approximately $1 billion versus $366 million a year earlier, partly reflecting a $274 million unfavorable derivative fair-value change. The company strengthened liquidity with roughly $1.05 billion in fresh capital, including a $550 million PIF placement, and expanded its Uber robotaxi commitment to at least 35,000 vehicles. Citing the incoming CEO's review, management suspended prior guidance as a governance decision, deferring a full updated outlook to the Q2 call while reaffirming the Midsize and M2 ramp for 2027.
Scored from Lucid Group, Inc.’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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On August 24, 2026, Lucid drew $400 million under its Delayed Draw Term Loan facility with Ayar Third Investment Company, an affiliate of the Public Investment Fund. With the prior $500 million (April 2026) and $800 million (July 2026) draws, aggregate DDTL principal outstanding reached $1.7 billion, leaving roughly $800 million of additional borrowing capacity. The filing also disclosed a separation agreement tied to Gagan Dhingra's August 14, 2026 departure.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $234M | +49.2% | $-2.24 | +21.4% | — | -312.6% | -169.4% | $-825M |
| FY2025 Q1 | $235M | +36.1% | $-2.41 | +18.9% | — | -294.4% | -155.8% | $-590M |
| FY2025 Q2 | $259M | +29.3% | $-2.80 | +18.1% | — | -309.5% | -207.9% | $-1.03B |
| FY2025 Q3 | $337M | +68.3% | $-3.31 | +19.1% | — | -279.9% | -290.7% | $-956M |
| FY2025 Q4 | $523M | +122.9% | $-3.62 | -61.6% | — | -203.7% | -155.7% | $-1.25B |
| FY2026 Q1 | $282M | +20.2% | $-3.46 | -43.6% | — | -336.9% | -364.1% | $-1.44B |
| FY2026 Q2 | $405M | +56.2% | $-3.30 | -17.9% | — | -267.0% | -310.7% | $-2.91B |