AI Earnings Predictions for Lucid Group Inc. (LCID)

EX-99.1

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EX-99.1

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Exhibit 99.1

Lucid Announces Third Quarter 2026 Results, Reduces Cash Consumption by 30%, Transformation on Track, Liquidity increased by $1.75 billion

•Reduced quarterly cash consumption by 30% sequentially; further improvements remain a strategic imperative.

•Material progress on each of the company’s four Must-Win priorities.

•Transformation advancing with investment in leadership, customer experience, strategic programs, brand revamp and foundations for profitable growth.

•Liquidity increased by $1.75 billion through expanded support from the PIF.

NEWARK, Calif. — November 9, 2026 — Lucid Group, Inc. (NASDAQ: LCID), today announced results for the third quarter ended September 30, 2026, including a 30 percent sequential reduction in cash consumption, and provided an update on its transformation and on the four Must-Win priorities.

“Our transformation is beginning to show progress. We are acting with urgency, strengthening the fundamentals and driving greater discipline, while continuing to invest in the priorities to deliver profitable long-term growth,” said Silvio Napoli, Chief Executive Officer. “We are grateful for the continued financial support from our anchor shareholder, which further energizes us to remain focused on execution and on our commitments as we build a stronger, sustainable Lucid.”

“The operating reset announced with our Q2 results includes decisive actions to align our manufacturing capacity with demand, reduce inventory and lower operating expenses. These actions are already showing through in Q3, with free cash flow consumption 30% lower sequentially,” said Alexander De Bock, Chief Financial Officer. “Our team has embraced this transformation, and we look forward to building on this momentum.”

As shared at Q2, Lucid expects to communicate its mid-term plan and targets early next year.

Delivering on Key Priorities

During Q3, the company advanced each of its four Must-Win priorities. These represent Lucid’s framework for transforming its business and measuring progress:

•$1.4 Billion Cash Flow Improvement Plan: year to date, Lucid has achieved savings of $0.8 billion and implemented additional actions to drive continued improvement. The company remains on track to achieve its full-year target.

•Autonomy & Robotaxi: Lucid achieved all of the project milestones scheduled by the end of Q3 in the partnership with Uber and Nuro. In August, the program expanded to more than 100 vehicles on the road. Lucid also announced a partnership with Bolt, one of Europe’s leading mobility platforms, with an initial goal of deploying at least 25,000 vehicles.

•Advanced Manufacturing Plant 2: construction of Lucid’s AMP-2 manufacturing facility in Saudi Arabia is progressing to plan and has entered the final stages of industrialization and commissioning. Inauguration is expected in early 2027.

•Midsize: testing, final-stage prototyping and validation continued during Q3, with pilot production entering the final phase. Production remains planned for the second half of 2027. Lucid expects to announce reveal and production dates in the first quarter of 2027.

Third Quarter 2026 Performance

Lucid reported third quarter revenue of $350 million, up 4% year over-year in a US BEV market down 41% over the same period1, and significantly improved gross profit margin. Free cash flow consumption declined by 30% sequentially to $1.04 billion as the company progressed its cash flow improvement plan. Lucid ended the quarter with $2.0 billion in total liquidity, or $3.75 billion on a pro forma basis including the $1.75 billion increase to the DDTL facility with PIF announced today. The expanded facility provides additional financial flexibility as Lucid delivers on its turnaround program. The company expects this liquidity level to fund operations and key investments into Q4 2027, bridging the period through Midsize start of production.

1 S&P Mobility: Light Vehicle Sales Forecast, November 3, 2026

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Conference Call Information

Lucid will host a conference call to discuss its third quarter 2026 financial results on Monday, November 9, 2026, at 2:30 pm PT / 5:30 pm ET. The live webcast of the conference call will be available on the Investor Relations website at ir.lucidmotors.com. Following the completion of the call, a replay will be available on the same website. Lucid uses its ir.lucidmotors.com website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

About Lucid Group

Lucid Group, Inc. (NASDAQ: LCID) is a technology company creating exceptional mobility experiences through innovation to drive the world forward. Built on proprietary technology and software-defined vehicle architectures, Lucid’s award-winning vehicles bring together advanced engineering, elegant design, and intuitive technology to create a more rewarding driving experience. Lucid designs and engin

EX-99.1

2 q3fy26ex991-productionandd.htm

EX-99.1

Document

Exhibit 99.1

Lucid Announces Q3 Production and Deliveries, Sets Date for Third Quarter 2026 Earnings

Operating reset advances as Lucid reduces vehicle inventory and aligns production with near-term demand

NEWARK, CA — October 5, 2026 — Lucid Group, Inc. (NASDAQ: LCID), maker of the world’s most advanced software-defined vehicles and technologies, today announced production and delivery totals for the quarter ended September 30, 2026.

Lucid produced 2,954 vehicles and delivered 3,806 vehicles during the third quarter of 2026.¹ Deliveries exceeded production as the company continued to execute its planned inventory reduction, converting existing vehicle inventory into customer deliveries as part of the previously announced operating reset targeting $1.4 billion of cash flow improvements in 2026. Demand for the Lucid Gravity continued to regain momentum.

As part of its operating reset, Lucid continued to align production with near-term demand. Production declined sequentially, consistent with the previously announced elimination of a second shift at AMP-1 in June, while deliveries were above production as the company reduced existing vehicle inventory.

Q3 2026 Earnings Call

Lucid will host a conference call to discuss third quarter 2026 financial results and provide a progress update on its key priorities on November 9, 2026.

Conference Call Details

Date: Monday, November 9, 2026

Time: 2:30 pm PT / 5:30 pm ET

Webcast: https://ir.lucidmotors.com (live and replay)

Prior to the conference call, the company will issue an earnings press release with a link to the live webcast on its investor relations website, https://ir.lucidmotors.com.

To enhance engagement with the company’s shareholder base and facilitate connections with its investors, Lucid is partnering with Say Technologies to allow retail and institutional shareholders to submit and upvote questions, a selection of which will be answered by Lucid management during the earnings call.

Starting on October 23, 2026, at 2:30 pm PT / 5:30 pm ET, all shareholders can submit questions by visiting: https://app.saytechnologies.com/lucid-group-2026-q3. This Q&A platform will remain open until 2:30 pm PT / 5:30 pm ET on November 6, 2026. Shareholders can email support@saytechnologies.com for any support inquiries.

¹Lucid’s net income and cash flow results will be announced along with the rest of its financial performance when Lucid announces third quarter earnings. Lucid vehicle production and delivery numbers represent only one measure of the company’s operating performance and should not be relied on as sole indicators of quarterly financial results, which depend on a variety of factors.

About Lucid Group

Lucid Group, Inc. (NASDAQ: LCID) is a technology company creating exceptional mobility experiences through innovation to drive the world forward. Built on Lucid’s proprietary technology and software defined vehicle architectures, the company’s lineup of award-winning vehicles brings Lucid’s “Compromise Nothing™” approach to premium segments of the global automotive market. Lucid designs and engineers its products in-house and assembles at its vertically integrated facilities in Arizona and Saudi Arabia, enabling continuous innovation across vehicles, software, and advanced driver assistance and autonomy-ready capabilities.

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Investor Relations Contact

investor@lucidmotors.com

Sign up for investor email alerts: https://ir.lucidmotors.com/ir-resources/email-alerts

Media Contact

media@lucidmotors.com

Trademarks

This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.

Forward-Looking Statements

This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “shall,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “scheduled,” “aiming,” “targeting,” “objective,” “focus,” “strategic” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Lucid's expectations related to production and delivery volume outlook and Lucid's finalized production and delivery totals for the quarter ended September 30, 2026. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid’s management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee

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