Lucid Group drops 5% after quarterly losses exceed expectations

LootboxPhobia · 2026-02-25T12:10:59+00:00

Lucid Group's Q4 loss exceeded expectations, with a loss of $3.08 per share and revenue of $522.7 million. Despite a record delivery of 5,345 vehicles, the stock price still fell by 5.2%. The target is to produce 25,000 to 27,000 vehicles by 2026, emphasizing a long-term success strategy adjustment.

LootboxPhobia

2026-02-25 12:10:59

Abstract generation in progress

Investing.com – Lucid Group, Inc. (NASDAQ:LCID) reported a Q4 loss that exceeded expectations, despite revenue surpassing forecasts. The electric vehicle manufacturer achieved record deliveries but still faces ongoing profitability challenges.

The company posted an adjusted loss of $3.08 per share for Q4, missing analysts’ expectations of a $2.68 loss per share. Revenue reached $522.7 million, beating the market consensus of $459.4 million and up 123% year-over-year. Lucid delivered 5,345 vehicles in Q4, with full-year 2025 deliveries totaling 15,841 vehicles, representing a 72% and 55% increase compared to the previous year, respectively.

After hours on Tuesday, the company’s stock fell 5.2%.

For 2026, Lucid provided production guidance of 25,000 to 27,000 vehicles. The midpoint of 26,000 vehicles represents a 46% increase from the revised 2025 total of 17,840 vehicles. The company ended the quarter with approximately $4.6 billion in total liquidity.

Lucid interim CEO Marc Winterhoff stated, “The focus for 2025 is execution and strategic adjustments to lay the foundation for Lucid’s long-term success. Amid a challenging macro environment, we nearly doubled production, gained market share, reduced unit costs, and strengthened our financial position.”

The company revised its 2025 production outlook, previously noting 538 vehicles had not completed certain internal validation procedures. The revised total of 17,840 vehicles still aligns with the company’s annual production target of around 18,000 vehicles for 2025.

Lucid said it is making targeted adjustments to its non-manufacturing workforce in the U.S. to reallocate resources toward future growth initiatives and margin improvements.

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