Lucid Group is executing on its growth strategy, with revenue surging 67.6% year-over-year to $405.3M in 2026Q2, marking a potential inflection point. However, the company remains deeply unprofitable, with gross margin at -105.3% and operating losses of $1.1B, indicating that scale benefits have yet to materialize.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 67.6% year-over-year in 2026Q2, reaching $405.3M, but gross margin remained deeply negative at -105.3%, and operating losses widened to $1.1B.
Lucid is recognized for its advanced EV technology, particularly its powertrain and battery efficiency, which is seen as a competitive advantage.
The upcoming Gravity SUV is expected to significantly expand Lucid's market reach, as it's projected to have a much larger total addressable market than the Lucid Air sedan. Additionally, the planned introduction of a midsize platform in the second half of 2026 is anticipated to be a catalyst for scaling operations and improving profit margins.
Collaborations, such as the one with Uber for its robotaxi network, are viewed as significant catalysts. Uber has committed to purchasing at least 35,000 Lucid vehicles, which could substantially boost Lucid's production volume.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 4, 2026 | -$3.30-38.7% vs -$2.38 | $405M+6.2% vs $382M |
Q2 2026 May 5, 2026 | -$3.46-27.2% vs -$2.72 | $282M-21.2% vs $358M |
Q1 2026 Feb 24, 2026 | -$3.62-45.4% vs -$2.49 | $523M+13.8% vs $460M |
Q4 2025 Nov 5, 2025 | -$3.31-42.7% vs -$2.32 | $337M-3.7% vs $350M |
Electric vehicle stocks are rebounding as growth names recover from the selling that followed the U.S. midterm elections. Nio (NYSE:NIO | NIO Price Prediction) stock is at $3.41, up 6%, in early trading.
The latest trading day saw Lucid Group (LCID) settling at $2.98, representing a -11.57% change from its previous close.
The November 3 midterm elections split the electric vehicle (EV) group, lifting smaller names while weighing on the sector's largest company. Lucid Group (NASDAQ:LCID | LCID Price Prediction) shares recently changed hands at $3.38, up 12%.
The robotics stock could see wild swings after its public debut.
Benchmark LCID against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Lucid Group, Inc. (LCID)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $3.29 | $1.05B | -0.31 | 67.58% | -263.72% | -254.84% | — | |
| $13.61 | $16.52B | -6.62 | 8.39% | -45.88% | -59.79% | — | |
| $3.09 | $33.66M | -0.49 | 220.58% | -301.49% | -253.36% | — | |
| $358.22 | $1.41T | 394.17 | -2.93% | 3.11% | 3.73% | — | |
| $86.16 | $77.93B | 19.47 | -1.29% | 2.1% | 6.13% | 0.78% | |
| $12.44 | $49.61B | -6.51 | 1.23% | -4.17% | -21.33% | 6.04% |
Lucid Group, Inc. (LCID) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Lucid Group, Inc. (LCID) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 4, 2026·SEC
Jul 14, 2026·SEC
Jul 6, 2026·SEC
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Lucid Group, Inc. (LCID) stock FAQ — growth, dividends, profitability & financials explained
Lucid Group, Inc. (LCID) reported $1.55B in revenue over the trailing twelve months. Revenue was $1.35B in fiscal year 2025. That is 29394% more than the $4.6M of fiscal year 2019.
Lucid Group, Inc. (LCID) grew revenue by 66.5% over the trailing twelve months, compared with the twelve months before.
No. Lucid Group, Inc. (LCID) reported a net loss of $4.08B over the trailing twelve months.
Lucid Group, Inc. (LCID) had a return on equity (ROE) of -254.8% over the trailing twelve months. A negative ROE means the company lost money over the period.
Lucid Group, Inc. (LCID) had negative free cash flow of $6.56B over the trailing twelve months.
