Lucid Group reports wider-than-expected Q4 loss

Overview

• EV maker's Q4 2025 revenue rose 123% yr/yr, beating analyst expectations

• Q4 Adjusted loss per share is wider than the analysts' expectations

• Company delivered 5,345 vehicles in Q4, up 72% yr/yr

Outlook

• Lucid sees 2026 production guidance at 25,000-27,000 vehicles

• Lucid plans to deploy first robotaxis into commercial service in 2026

Result Drivers

• VEHICLE DELIVERIES - Lucid delivered 5,345 vehicles in Q4 2025, up 72% yr/yr, contributing to revenue growth

• PRODUCTION GROWTH - Nearly doubled production year over year, aligning with 2025 annual production guidance despite supply chain and tariff challenges

• WIDENING OPERATING LOSS - The loss from operations grew to $1.06 billion in Q4 2025 from $733.0 million in the same period last year, as total costs and expenses rose to $1.59 billion

Company press release: ID:nPnbMrCqLa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 9 "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the auto & truck manufacturers peer group is "buy"

• Wall Street's median 12-month price target for Lucid Group Inc is $16.91, about 79.1% above its February 23 closing price of $9.44

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