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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Andres Sheppard | Cantor Fitzgerald | 12 (0%) |
| James Picariello | BNP Paribas | 9 (33%) |
| Itay Michaeli | TD Cowen | 6 (0%) |
| Andrew Percoco | Morgan Stanley | 6 (17%) |
| Stephen Gengaro | Stifel | 6 (0%) |
| Tobias Beith | Redburn Atlantic | 6 (50%) |
| Ben Kallo | Robert W. Baird | 4 (0%) |
| Mike Ward | Citigroup | 3 (0%) |
| Alex Perry | Bank of America | 2 (0%) |
| John Murphy | Bank of America | 2 (50%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Cantor Fitzgerald | 1 | 12 (0%) |
| BNP Paribas | 1 | 9 (33%) |
| Morgan Stanley | 2 | 7 (14%) |
| TD Cowen | 1 |
| 6 (0%) |
| Robert W. Baird | 2 | 6 (0%) |
| Stifel | 1 | 6 (0%) |
| Redburn Atlantic | 1 | 6 (50%) |
| Bank of America | 2 | 4 (25%) |
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.
Demand | Capital Allocation | Capex Investment | Product Launch | Margin | Guidance Reliability | Innovation & R&D | Supply Chain | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 1 | 1 | 1 | 2 | 2 | 1 | |
| 2025Q1 | 2 | 2 | 3 | 1 | 2 | 1 | 1 | |
| 2025Q2 | 3 | 2 | 1 | 1 | 1 | 2 | 1 | |
| 2025Q3 | 3 | 2 | 2 | 1 | 2 | 2 | 1 | |
| 2025Q4 | 2 | 3 | 2 | 1 | 1 | 1 | 1 | |
| 2026Q1 | 2 | 2 | 3 | 2 | 2 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 4 | 2 | 3 | 3 | 2 | 2 |
| Capital Allocation | 1 | 2 | 2 | 2 | 3 | 2 |
| Capex Investment | 1 | 1 | 2 | 2 | 3 | |
| Product Launch | 1 | 3 | 1 | 1 | 1 | 2 |
| Margin | 2 | 1 | 1 | 2 | 1 | |
| Guidance Reliability | 2 | 2 | 1 | 2 | ||
| Innovation & R&D | 1 | 1 | 2 | 2 | ||
| Supply Chain | 1 | 1 | 1 | 1 | 2 |
| 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 |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What LCID and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“we expanded our partnership with Uber to provide a minimum of 35,000 robotaxis, up from 20,000 previously announced”
Lucid expanded its Uber robotaxi commitment to at least 35,000 vehicles with Uber raising its investment to $500 million, a scaled demand read-through for Uber.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
LCID Lucid Group, Inc. | 5 | +20.2% | |
| F Ford Motor Company | 9 | +6.4% | |
| GM General Motors | 7 | -0.9% | |
| HOG Harley-Davidson, Inc. | 3 | -11.8% | |
| RIVN Rivian Automotive, Inc. | 7 | +11.4% |