纯电动汽车制造商 Lucid（LCID）今日盘后公布了喜忧参半的第四季度业绩。随着 Gravity SUV 产 能提升，公司全年亏损扩大。不过，该公司给出了乐观的 2026 年产量指引，总流动性达到 46 亿美元。 根据统计预期，该季度 Lucid 实现营收 5.227 亿美元，高于预期的 4.594 亿美元，同比大幅增长 123%， 主要得益于 Gravity SUV 产能爬坡。 ...

Cantor Fitzgerald将Lucid的目标价从21美元下调至14美元，维持"中性"评级。(格隆汇) ...

Key Takeaways LCID reported Q4 revenues of $522.7M, up 123% Y/Y, beating consensus estimates.Lucid Group produced 7,874 vehicles and delivered 5,345 Air units in the quarter.LCID guides 2026 production of 25,000-27,000 vehicles, with up to $1.4B in capex.Lucid Group (LCID) incurred a loss of $3.62 per share for the fourth quarter of 2025, wider than the Zacks Consensus Estimate of a loss of $2.49. The company reported a loss of $2.24 per share in the year-ago period. Revenues of $523 million beat the Zacks ...

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Electric vehicle manufacturer Lucid Motors is slashing its U.S. workforce by about 12%, excluding hourly production workers in manufacturing, logistics and quality, the company said Tuesday. The plan was launched to reallocate resources following the launch of Gravity, the company’s first SUV model, and to support a new phase of discipline and “margin progress ...

Core Insights - Lucid Group reported a fourth-quarter 2025 loss per share of $3.62, which is wider than the Zacks Consensus Estimate of $2.49 and the loss of $2.20 in the same quarter of 2024, primarily due to increased costs totaling $1.58 billion, up from $967 million year-over-year [1][10] - Despite the loss, fourth-quarter 2025 revenues reached $522.7 million, exceeding the Zacks Consensus Estimate by 13.27% and more than doubling from the fourth quarter of 2024, with full-year revenues increasing by 67% to $1.35 billion [2] Financial Performance - The company's production doubled in 2025, with deliveries growing 55% to 15,841 units, while its closest competitor, Rivian Automotive, saw a decline in deliveries by 18% [2] - Lucid has guided production for 2026 at 25,000-27,000 units, representing a year-over-year increase of 40-50%, with the Gravity SUV expected to be a significant contributor [4] - Gross margin improved by approximately 18 basis points sequentially in Q4 2025, but remains below long-term targets, with management expecting continued improvement in 2026 [5] Cost Management and Industry Challenges - To enhance margins, Lucid announced a plan to cut 12% of its U.S. workforce, aiming for $500 million in cost savings over three years [6] - The company faces broader industry challenges, including the withdrawal of U.S. federal EV tax credits, pricing uncertainty, tariffs, and supply chain disruptions [7][8] Cash Flow and Investment - Lucid ended 2025 with approximately $4.6 billion in liquidity, which is expected to last into the first half of 2027, but free cash flow was negative $3.8 billion, worsening from negative $2.9 billion the previous year [9][11] - Capital expenditures for 2026 are projected at $1.2-$1.4 billion, up from $868 million in 2025, indicating continued heavy investment in R&D and other initiatives [11] Strategic Initiatives - Lucid is pursuing opportunities in the autonomous ride-hailing market through partnerships with Uber and Nuro, planning to deploy at least 20,000 vehicles over time [12][13] - Initial on-road testing for the autonomous vehicles began in Q4 2025, with commercial rollout expected later this year, targeting Level 3 autonomy by 2028 and Level 4 by 2029 [13] Market Position and Valuation - Over the past six months, Lucid's shares have underperformed compared to the industry, while Rivian's shares have gained 15% [14] - Lucid carries a Value Score of F, trading at a forward sales multiple of 1.26, significantly below the industry's 3.34, reflecting operational and financial challenges [15] - The Zacks Consensus Estimate for Lucid's 2026 loss per share has widened to $9.04 [17]

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This story was originally published on WardsAuto. To receive daily news and insights, subscribe to our free daily WardsAuto newsletter. Lucid Motors on Tuesday told investors it needs to shore up its margins and leverage autonomy better if it's to succeed as a company. Despite continued losses and hundreds of U.S. layoffs last week, the EV maker argued that its $4.6 billion in liquidity gives it flexibility to fund its operations through the first half of 2027. Lucid aims to scale up Gravity SUV producti ...

Lucid Group Inc (NASDAQ:LCID) is down in premarket trading Wednesday after reporting mixed fourth-quarter earnings and filing a share resale prospectus supplement.Lucid posted fourth-quarter revenue of $522.73 million, topping analyst estimates of $469.2 million a 123% year-over-year jump. However, the company reported an adjusted loss of $3.08 per share, missing estimates for a $2.64 loss.Lucid produced 8,412 vehicles in fourth-quarter, up 116% year-over-year, and delivered 5,345. The company exited the qu ...

2月24日，美国造车新势力Lucid Group, Inc. (纳斯达克股票代码: LCID)公布了截至2025年12月31日的第四季度及全年财务业绩。公司在2025年实现了显著的 交付增长、市场份额扩大及财务结构的优化，并为未来的持续增长奠定了坚实基础。 Lucid在2025年展现了强劲的执行力。公司全年共交付车辆15,841台，较2024年全年增长55%；其中第四季度交付5,345台，同比增幅高达72%。尽管面临供应 链和关税方面的挑战，公司全年产量仍实现同比接近翻倍的增长，达到约18,000台（其中538台车辆因未完成最终验证流程中的某些内部程序），符合年度 生产指引。 截至第四季度末，公司总流动资金约为46亿美元，保持了稳健的财务状况。根据美国通用会计准则（GAAP），2025年第四季度稀释后每股净亏损为3.62美 元，全年稀释后每股净亏损为12.09美元。 | | 三个月结束了 | | 十二个月结束 | | | --- | --- | --- | --- | --- | | | 12月31日, | | 12月31日, | | | | 2025 | 2024 | 2025 | 2024 | | 收入( ...

格隆汇2月25日｜Lucid预计2026年的产量增速将低于去年，周二公布的第四季度亏损超过预期，原因是 各种供应链挫折和关税扰乱了生产计划并加剧了成本。Lucid 的股价在盘后交易中下跌了 5%。今年对 Lucid 来说是至关重要的一年。该公司正在加紧生产最近推出的 Gravity 运动型多用途车，并准备在今 年年底推出一个新的中型电动车平台，预计起售价将低于 50,000 美元。这被认为是吸引更多客户和塑 造豪华电动车制造商未来道路的关键。Lucid 首席执行官马克-温特霍夫（Marc Winterhoff）告诉记者， 供应挑战仍是一个令人担忧的问题，他承认，公司对今年的产量预测（25,000 至 27,000 辆）持保守态 度，这意味着增长可能超过 50%。而2025 年，产量几乎翻了一番，达到 17,840 辆。"供应链，尤其是像 我们这样的长供应链，总是容易出现意外，"他说。"这是 2025 年的教训。让我们谨慎行事。让我们制 定一个计划，无论发生什么，我们都能做到。" ...