Lucid Group (NASDAQ:LCID) Posts Earnings Results, Misses Expectations By $0.59 EPS

Lucid Group (NASDAQ:LCID) posted its earnings results on Tuesday, February 24th. The company reported ($3.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.49) by ($0.59), FiscalAI reports. The business had revenue of $522.73 million for the quarter, compared to analyst estimates of $473.08 million. Lucid Group had a negative return on equity of 138.82% and a negative net margin of 207.87%.Lucid Group’s revenue was up 122.9% compared to the same quarter last year. During the same period last year, the business earned ($0.22) EPS.

Here are the key takeaways from Lucid Group’s conference call:

• Q4 showed a clear ramp: 7,874 vehicles produced (up 133% YoY) and 5,345 deliveries (up 72% YoY), with manufacturing cost per vehicle down ~27% in 2025 and Q4 gross margin improving ~18 percentage points sequentially.
• Management guided to producing 25,000–27,000 vehicles in 2026, reiterated start-of-production for the midsize platform by year-end (M2 in Saudi Arabia), and said the midsize + robotaxi initiatives expand TAM to $350B by 2030 and $700B by 2035.
• Lucid’s robotaxi partnership with Uber and Nuro is advancing: Uber made a $300M investment, the deal includes a minimum of 20,000 autonomous Lucids, engineering vehicles are in testing and commercial deployment in the San Francisco Bay Area is targeted later this year.
• Balance-sheet pressure remains: liquidity is about $4.6 billion (including $2.1B cash and $2.5B undrawn facilities) but 2025 free cash flow was negative $1.2B, management says runway extends into H1 2027 and 2026 CapEx is planned at $1.2–1.4B.
• Operational controls and cost actions included reclassifying 538 previously reported factory-gated vehicles into 2026 (no impact on customer deliveries) and a 12% U.S. workforce reduction expected to yield up to $500M in savings over three years.

Lucid Group Stock Performance

Shares of NASDAQ LCID traded down $0.05 during midday trading on Tuesday, hitting $9.98. The company’s stock had a trading volume of 2,760,000 shares, compared to its average volume of 7,687,790. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.83 and a current ratio of 1.25. Lucid Group has a 1-year low of $9.12 and a 1-year high of $33.70. The firm’s fifty day moving average price is $10.66 and its 200-day moving average price is $15.49. The firm has a market cap of $3.24 billion, a P/E ratio of -0.82 and a beta of 1.12.

Analyst Ratings Changes

A number of analysts recently weighed in on LCID shares. Stifel Nicolaus lowered their target price on shares of Lucid Group from $21.00 to $17.00 and set a “hold” rating for the company in a research note on Monday, November 17th. Cantor Fitzgerald decreased their price target on Lucid Group from $21.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lucid Group in a research report on Monday, December 29th. Benchmark reiterated a “buy” rating on shares of Lucid Group in a report on Thursday, February 19th. Finally, Robert W. Baird set a $14.00 target price on Lucid Group in a research note on Tuesday, January 6th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $19.71.

Institutional Investors Weigh In On Lucid Group

Hedge funds have recently added to or reduced their stakes in the stock. Jain Global LLC raised its position in Lucid Group by 13.3% in the fourth quarter. Jain Global LLC now owns 10,220 shares of the company’s stock worth $108,000 after acquiring an additional 1,200 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Lucid Group by 3.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 37,146 shares of the company’s stock worth $393,000 after purchasing an additional 1,336 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Lucid Group by 11.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,590 shares of the company’s stock worth $144,000 after purchasing an additional 1,430 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in Lucid Group by 18.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 16,354 shares of the company’s stock valued at $173,000 after purchasing an additional 2,498 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Lucid Group by 47.5% during the second quarter. Brown Advisory Inc. now owns 15,530 shares of the company’s stock worth $33,000 after buying an additional 5,000 shares in the last quarter. 75.17% of the stock is currently owned by institutional investors.

Lucid Group Company Profile

Lucid Group, Inc is a California-based electric vehicle manufacturer specializing in the design, engineering and production of luxury electric sedans. Its flagship model, the Lucid Air, features a proprietary battery and powertrain architecture that emphasizes energy efficiency, extended driving range and high performance. In addition to passenger vehicles, Lucid offers charging solutions and software-enabled services aimed at optimizing the ownership experience and accelerating adoption of zero-emission transportation.

The company was founded in 2007 under the name Atieva, initially focusing on battery technology and electric powertrains for other automakers before transitioning to its own branded vehicles.