LCID

The end of the earnings season is always a good time to take a step back and see who shined (and who didn’t). Let’s take a look at how automobile manufacturing stocks fared in Q1, starting with Lucid (NASDAQ:LCID). Much capital investment and technical know-how are needed to manufacture functional, safe, and aesthetically pleasing automobiles for the mass market. Barriers to entry are therefore high, and auto manufacturers with economies of scale can boast strong economic moats. However, this doesn’t insulate them from new entrants, as electric vehicles (EVs) have entered the market and are upending it. This has forced established manufacturers to not only contend with emerging EV-first competitors but also decide how much they want to invest in these disruptive technologies, which will likely cannibalize their legacy offerings. The 10 automobile manufacturing stocks we track reported a very strong Q1. As a group, revenues beat analysts’ consensus estimates by 0.7%. Thankfully, share prices of the companies have been resilient as they are up 7.2% on average since the latest earnings results. Founded by a former Tesla Vice President, Lucid Group (NASDAQ:LCID) designs, manufactures, and sells luxury electric vehicles with long-range capabilities. Lucid reported revenues of $282.5 million, up 20.2% year on year. This print fell short of analysts’ expectations by 25.1%. Overall, it was a disappointing quarter for the company with a significant miss of analysts’ revenue and adjusted operating income estimates. "First quarter results demonstrated the strength of our technology and product portfolio. A supplier issue resolved during the quarter had an impact, but January and March deliveries were ahead of the same periods in the prior year," said Marc Winterhoff, Interim Chief Executive Officer at Lucid. Lucid delivered the weakest performance against analyst estimates of the whole group. The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $6.24. Is now the time to buy Lucid? Access our full analysis of the earnings results here, it’s free. Established to make automobiles accessible to a broader segment of the population, Ford (NYSE:F) designs, manufactures, and sells a variety of automobiles, trucks, and electric vehicles. Ford reported revenues of $43.25 billion, up 6.4% year on year, outperforming analysts’...

Interested in Lucid Diagnostics Inc.? Here are five stocks we like better. Lucid Diagnostics reported Q1 2026 EsoGuard test volume of 3,177 and revenue of $1.3 million, with volume still above its pre-Medicare target range despite a sequential decline from Q4. Management said the company remains highly focused on a Medicare local coverage determination, calling it the key near-term catalyst and expecting a positive outcome despite delays in the process. Lucid strengthened its balance sheet with a public offering that added about $16.8 million, bringing pro forma cash to roughly $45 million and extending its runway well into 2027. October's 4 Best Penny Stocks: High-Risk, High-Reward Picks Lucid Diagnostics (NASDAQ:LUCD) reported first-quarter 2026 EsoGuard test volume above its pre-Medicare target range, while management said it continues to await a Medicare local coverage determination and is expanding efforts with the Department of Veterans Affairs, commercial payers and health systems. Chairman and Chief Executive Officer Dr. Lishan Aklog said the company performed 3,177 EsoGuard tests in the quarter and generated $1.3 million in revenue. He said revenue was down slightly in proportion to volume, which declined from the fourth quarter but remained above the company’s stated target range of 2,500 to 3,000 tests during the pre-Medicare period. → Rocket Lab Just Hit a New All-Time High—Time to Buy or Let It Breathe? Aklog said Lucid also strengthened its balance sheet through an underwritten public offering of common stock that netted about $16.8 million in proceeds. He said the financing increased the company’s pro forma cash position to approximately $45 million at the end of the first quarter and extended its cash runway “well into 2027.” Management repeatedly emphasized that Medicare coverage remains the company’s key near-term catalyst. Aklog said Lucid continues to have confidence in the Medicare local coverage determination, or LCD, process despite delays. → MP Materials Is Quietly Building a Rare Earth Powerhouse “We continue to have our confidence that this is a near-term result really hasn't wavered at all,” Aklog said. He characterized the delay as logistical rather than substantive, adding during the question-and-answer session that nothing in the company’s conversations has raised concerns about the likelihood of a positive draft decision. In re...

Lucid’s first quarter results were met with a negative market reaction as the company’s revenue and adjusted EPS both fell short of Wall Street expectations. Management attributed the underperformance to a temporary disruption in deliveries stemming from a stop sale of its Gravity model, which caused finished vehicles to sit in inventory rather than convert to revenue. Interim CEO Marc Winterhoff acknowledged, “We were hit with an unforeseen operational disruption in Q1, which we solved and deliveries and orders have rebounded towards the end of the quarter.” The quarter also saw the company initiate a broad cost reduction program and secure over $1 billion in new capital to bolster its financial position. Is now the time to buy LCID? Find out in our full research report (it’s free). Revenue: $282.5 million vs analyst estimates of $377 million (20.2% year-on-year growth, 25.1% miss) Adjusted EPS: -$2.82 vs analyst expectations of -$2.30 (22.8% miss) Adjusted EBITDA: -$780.6 million (-276% margin, 38.5% year-on-year decline) Adjusted EBITDA Margin: -276% Sales Volumes were flat year on year (58.1% in the same quarter last year) Market Capitalization: $2.35 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Robbie S. (Say Technologies): asked about restoring shareholder confidence and bankruptcy concerns; Interim CEO Marc Winterhoff emphasized disciplined execution, transparency, and not speculating on market rumors, focusing instead on executing the strategic plan. Michael Ward (Citigroup): inquired about Midsize vehicle production targets for 2027 and robotaxi volume timing; Winterhoff confirmed volume targets remain unchanged and clarified that robotaxi deliveries depend on Nuro’s certification process, which is progressing as planned. Andrew Percoco (Morgan Stanley): sought details on cash runway assumptions and commodity cost pressures; CFO Taoufiq Boussaid highlighted seasonality in cash flows and recent disruptions, indicating improved cash performance is expected with sales ramping in the year's second half. Ben Kallo (Baird): asked about the company’s transition from direct-to-consumer to partnerships fo...

This article first appeared on GuruFocus. Lucid Group (NASDAQ:LCID) shares fell by 1% on Wednesday after the company reported first-quarter results that highlighted ongoing profitability pressures despite operational gains. Lucid reported a notable rise in vehicle production during the quarter, reaching 5,500 units, up from a year earlier. However, deliveries remained largely flat at just over 3,000 vehicles, suggesting a potential imbalance between output and demand for Lucid's lineup. Warning! GuruFocus has detected 6 Warning Signs with LCID. Is LCID fairly valued? Test your thesis with our free DCF calculator. Lucid said supply chain disruptions, particularly involving seat components, affected deliveries of its Gravity model earlier in the quarter. The company indicated the issue has been addressed and expects delivery volumes to improve through the remainder of 2026. Financially, Lucid posted a wider net loss of about $1.03 billion, compared with $366 million a year earlier, while margins weakened further due to lower volumes, reduced regulatory credit sales, and tariff-related costs. Lucid ended the quarter with roughly $3.2 billion in liquidity, supported by fresh capital, including investments tied to its partnership with Uber and backing from Public Investment Fund, as it continues to scale production and pursue autonomous vehicle initiatives.

Financial Highlights Produced 5,500 vehicles, up 149% from the first quarter of 2025 Delivered 3,093 vehicles in Q1 2026, with January and March deliveries each ahead of prior-year periods; February delivery timing was affected by a supplier issue resolved during the quarter. Total order intake in North America rose 144% in March 2026 from the prior month Generated Q1 2026 revenue of $282.5 million, up 20% compared to Q1 2025 On April 14, announced a total capital raise of approximately $1.05 billion, including: $550 million in convertible preferred stock issued to Ayar Third Investment Company, an affiliate of the Public Investment Fund (PIF), $300 million in gross proceeds from a registered offering of common stock, and $200 million in equity investment of common stock from Uber, increasing Uber's total investment in Lucid to $500 million. Increased the Delayed Draw Term Loan (DDTL) provided by PIF by $500 million, drawing $500 million in cash in April while retaining approximately $2.0 billion in remaining undrawn capacity Ended the quarter with approximately $3.2 billion in liquidity. On a pro forma basis, after the capital raise and the increased DDTL, Lucid's total liquidity at quarter-end amounts to approximately $4.7 billion Operational Highlights On April 14, announced global industrial leader Silvio Napoli as Lucid's next CEO, with Interim CEO Marc Winterhoff continuing with Lucid in his former position as COO upon Napoli assuming the CEO role On April 14, expanded Lucid's robotaxi partnership with Uber to a total of at least 35,000 vehicles, including Lucid Gravity and Lucid Midsize vehicles. Achieved other milestones in the partnership with Uber and Nuro: Completed delivery of all Lucid Gravity robotaxi alpha test vehicles during the quarter Employees at partner companies commenced taking test rides utilizing the Uber app Nuro secured its California DMV permit for driverless testing in April, paving the way for the opening of driverless robotaxi operations to the public later this year Continued on-road testing in preparation for commercial launch of robotaxi service later this year Announced Lucid's first-ever authorized retail and service partner in Europe, diversifying the company's revenue base through a cost-efficient approach In April, Lucid Gravity SUV was named 2026 World Luxury Car of the Year NEWARK, Calif., May 5, 2026 /PRNewswire/ --...

New CEO Silvio Napoli has begun a strategic review and Lucid has suspended guidance while refocusing on simplification, cost and capital discipline, and clearer accountability. Lucid expanded its Uber partnership to a minimum of 35,000 Robotaxis with Uber boosting its investment to $500 million, and outlined milestones toward late‑2026 commercial Robotaxi operations including Nuro testing and production validation builds. Post‑quarter capital raises — including $200M from Uber, a $300M stock offering, $550M from PIF and a $500M DDTL draw — lifted pro forma liquidity to about $4.7 billion, extending runway into H2 2027, even as Q1 revenue was $282M and the company reported roughly a $1B net loss with a -110.4% gross margin. Interested in Lucid Group, Inc.? Here are five stocks we like better. Uber’s AV Pivot: Growth Opportunity or Margin Risk? Lucid Group (NASDAQ:LCID) executives emphasized an expanded autonomy partnership, new financing, and a renewed focus on cost and execution during the company’s first-quarter 2026 earnings call, while also suspending prior guidance as incoming CEO Silvio Napoli begins a review of the business. Napoli, participating in his first earnings call with the company, said he is still early in his tenure and will keep comments limited. He described early visits to Lucid’s Arizona operations and to Saudi Arabia, where he said he observed “strong brand recognition” and progress on a factory under construction. Napoli said realizing Lucid’s potential will require “sharper focus and consistent execution,” particularly around “simplification, prioritization, and speed.” → Roblox Stock Slides to New Low as Safety Changes Weigh on Outlook 3 Low-Rated Stocks With Big Price-Target Gaps His near-term priorities include centering the organization around customers, clarifying accountability, focusing resources on “the highest impact areas,” and embedding “a stronger culture of cost and capital discipline.” Napoli said he would not comment on specifics such as outlook given he joined recently, adding that he plans to deepen his understanding and engage more fully in future discussions. Interim CEO Marc Winterhoff highlighted an expanded partnership with Uber, saying Lucid increased the planned deployment to “a minimum of 35,000 Robotaxis,” up from 20,000 previously announced, and that Uber increased its investment to $500 million from $300 mi...

Image source: The Motley Fool. Tuesday, May 5, 2026 at 5:30 p.m. ET Incoming Chief Executive Officer — Silvio Napoli Interim Chief Executive Officer — Marc Winterhoff Chief Financial Officer — Taoufiq Boussaid Silvio Napoli, incoming CEO; Marc Winterhoff, our Interim CEO; and Taoufiq Boussaid, our CFO. Before handing the call over to Silvio, let me remind you that some of the statements on this call include forward-looking statements under the federal securities laws. These include, without limitation, statements regarding the future financial performance of the company, production and delivery volumes, vehicles and products, studios and service networks, financial and operating outlook and guidance, macroeconomic, geopolitical, policy and industry trends, tariffs and trade policy, company initiatives, leadership changes and other future events. These statements are based on various assumptions, whether or not identified in this communication and on the predictions and expectations of our management as of today. Actual events or results are difficult or impossible to predict and may differ due to a number of risks and uncertainties. We refer you to the cautionary language and the risk factors in our annual report on Form 10-K for the year ended December 31, 2025, subsequent quarterly reports on Form 10-Q, current reports on our Form 8-K and other SEC filings and the forward-looking statements on Page 2 of our quarterly earnings presentation available on the Investor Relations section of our website at ir.lucidmotors.com. We undertake no obligation to revise or update publicly any forward-looking statement for any reason, except as required by law. In addition, management will make reference to non-GAAP financial measures during this call. A discussion of why we use non-GAAP financial measures and information regarding reconciliation of our GAAP versus non-GAAP results is available in our earnings press release issued earlier this afternoon as well as in the earnings presentation. With that, I'd like to turn the call over to Lucid's incoming CEO, Silvio Napoli. Silvio, please go ahead. Silvio Napoli: Thank you, Nick. Good morning, everyone, and thank you for joining. This is my first earnings call with Lucid and as already had the opportunity to share with many of you, I'm extremely pleased to be here and part of the Lucid team. With not even a month with the...

Lucid reported a first-quarter loss of almost $1 billion. Wall Street was looking for a loss of about $864 million.

This article first appeared on GuruFocus. Uber Technologies (NYSE:UBER) is heading into its earnings report with a lot going on, as solid growth in the core business meets rising spending and a big push into autonomous driving. For the first quarter, Wall Street is expecting EPS of $0.71 on revenue of $13.26 billion, which would mark about 15% year over year growth. During the quarter, Uber stayed active on multiple fronts. It rolled out robotaxi partnerships with Lucid (NASDAQ:LCID) and Nuro, expanded into Dubai with Baidu, and committed more than $100 million toward charging infrastructure for autonomous fleets. It also deepened ties with companies like Nissan, Wayve and Motional, while outlining plans connected to Nvidia (NASDAQ:NVDA) and a $1.25 billion investment in Rivian. Warning! GuruFocus has detected 4 Warning Sign with UBER. Is UBER fairly valued? Test your thesis with our free DCF calculator. At the same time, it is not all smooth. Regulatory pressure is still there, costs are creeping higher, and estimate revisions have mostly been moving down, with 10 cuts to EPS expectations over the past 3 months compared to just 1 increase. The stock is also down about 9% this year, which shows investors have been a bit cautious despite improving profitability.

NEWARK, Calif. (AP) — NEWARK, Calif. (AP) — Lucid Group, Inc. (LCID) on Tuesday reported a loss of $1.03 billion in its first quarter. On a per-share basis, the Newark, California-based company said it had a loss of $3.46. The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $2.72 per share. The an electric vehicle automaker posted revenue of $282.5 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LCID at https://www.zacks.com/ap/LCID

Lucid (LCID) reported first quarter results after the bell that missed expectations, but the company believes its increased cash position and unmet demand will boost results later this year. Lucid stock has shed 40% this year. Lucid posted Q1 revenue of $282.5 million versus $389.2 million expected, though that total was up 20% compared to last year. Lucid reported a wider-than-expected adjusted loss per share of $2.82 versus $2.65 estimated, with an adjusted EBITDA loss of $780.6 million versus $742.2 million expected. Free cash flow in the quarter hit negative $1.44 billion, more than double the loss reported last year. Lucid stock fell more than 3% in after-hours trade. Earlier in April, Lucid announced Q1 production of 5,500 units, with deliveries totaling 3,093. However, the company noted a supplier issue hampered its ability to meet demand. Lucid had reaffirmed its prior full-year production guidance of 25,000 to 27,000 vehicles earlier in April when it reported deliveries, however in its Q1 financial results on Tuesday it did not mention its production guidance. Lucid CFO Taoufiq Boussaid said on the conference call that the company would update its guidance at the end of the second quarter. “We ended the quarter with elevated inventory that we expect to convert to revenue and cash as deliveries normalize, while maintaining alignment between production and sales cadence,” CFO Boussaid said in a statement. Lucid’s losses come as the company fully ramps up production of its Gravity SUV and plans for the release of its midsize vehicle, slated for the beginning of 2027. The EV maker unveiled a slew of big news earlier this month. The company named Silvio Napoli its new CEO, with interim CEO Marc Winterhoff serving as Lucid’s COO. Lucid expanded its partnership with Uber, with the ride-hailing giant upping its purchase to 35,000 Lucid vehicles designed exclusively for Uber’s future global robotaxi service. Uber also committed an additional $200 million in investment in Lucid, bringing Uber’s total investment to $500 million. Ayar Third Investment, part of Saudi Arabia’s Public Investment Fund (PIF), committed a new investment of $550 million. Altogether, Saudi investments in Lucid translate to well over 60% ownership of the company. While a committed owner with deep pockets is generally positive for a company like Lucid that is still burning cash, recent m...

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Lucid Group (LCID) is back in focus as investors weigh an imminent quarterly earnings release, an expanded Uber partnership that includes at least 35,000 vehicles, and leadership change with a new CEO. See our latest analysis for Lucid Group. Lucid’s 7 day share price return of 12.82% and recent bounce from all time lows sit against a 30 day share price decline of 32.83% and 1 year total shareholder return decline of 71.65%. This suggests recent momentum is improving, but long term performance remains weak as investors weigh the Uber expansion, fresh capital and new leadership. If Lucid’s recent swings have you thinking about where else growth and risk might line up differently, this could be a good moment to scan 38 AI infrastructure stocks Lucid trades at US$6.69 a share, with analysts’ average price target at US$12.77. This implies the stock sits at a wide discount to those expectations after a multi year 91.32% total return decline. Is this a reset entry point, or is the market already discounting Lucid’s future growth potential? Lucid’s last close at $6.69 sits well below a fair value of $11.75 suggested by the most followed narrative, which uses a relatively low discount rate of 10.86% to justify that gap. Read the complete narrative. Want to see why, according to M_Kabesh, a luxury EV company with growing revenue, rising losses and a future profit multiple still lands at an $11.75 fair value, built on aggressive revenue compounding, margin improvement and a premium earnings multiple that looks more like a high growth tech stock than a car manufacturer? Result: Fair Value of $11.75 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this depends on Lucid turning a US$3.68b loss and user-assumed aggressive revenue growth into sustainable profits without further pressure on cash or production. Find out about the key risks to this Lucid Group narrative. That $11.75 fair value hinges on a user forecast, but the current P/S of 1.8x tells a tougher story. It sits above both the US auto industry average of 0.8x and the peer average of 0.8x, and far above a fair ratio of 0.1x, which points to elevated valuation risk if expectations are not met. So is this really a bargain...