Filing Flows › Lucid Group (LCID) › Q1 2026
Lucid Group (LCID) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Lucid Group (LCID) reported revenue of $282M for the first quarter 2026 (Q1 2026), +20% from a year earlier and -46% from the quarter before. Operating margin was -350.3%, net loss $1.0B (364.1% of revenue).
Lucid Group, Q1 2026: revenue $282M (+20% year over year), operating margin -350.3%, net loss $1.0B, operating cash flow −$1.2B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $282M | -46% | +20% |
| Operating profit | −$989M | — | — |
| Net earnings | −$1.0B | — | — |
| Operating cash flow | −$1.2B | — | — |
What changed
Revenue was $282.5M in Q1 2026, up 20% year over year and down 46% from the previous quarter.
Operating costs exceeded revenue by $989.5M, an operating margin of -350.3%. Total costs grew 37% against revenue growth of 20%. The fastest-growing cost line was SG&A (+43%). The quarter ended with a net loss of $1,028.3M, wider than the previous quarter's $814.0M loss.
Operating cash flow was −$1,185.7M. Non-cash charges added back $116.4M of depreciation and amortization and $61.0M of share-based compensation. Working capital and other items used $334.7M. Capital expenditures of $253.2M exceeded it, leaving free cash flow of −$1,438.8M.
Questions
What was Lucid Group's revenue in the first quarter 2026?
Lucid Group (LCID) reported revenue of $282M for the first quarter 2026 (Q1 2026), +20% from a year earlier and -46% from the quarter before.
Was Lucid Group profitable in the first quarter 2026?
Operating loss was $989M (-350.3% of revenue) and net loss $1.0B.
Source: Lucid Group 10-Q on SEC EDGAR.