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Lucid Group (LCID) R&D spending by quarter

Lucid Group's R&D spending was $321M in Q2 2026 (second quarter 2026), -4% from Q1 2026. Over the last 7 quarters it ranged from $251M (Q1 2025) to $361M (Q4 2025).

Lucid Group R&D spending by quarterLucid Group R&D spending by quarter$280MQ4 2024$251MQ1 2025$274MQ2 2025$325MQ3 2025$361MQ4 2025$336MQ1 2026$321MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$321M-4%+17%
Q1 2026$336M-7%+34%
Q4 2025$361M+11%+29%
Q3 2025$325M+19%—
Q2 2025$274M+9%—
Q1 2025$251M-10%—
Q4 2024$280M——

Q2 2026 at a glance

Lucid Group, Q2 2026: revenue $405M (+56% year over year), operating margin -267.0%, net loss $1.0B, operating cash flow −$1.2B. The chart follows the revenue to costs, profit and cash.

Questions

What is Lucid Group's R&D spending?

Lucid Group's R&D spending was $321M in Q2 2026 (second quarter 2026), -4% from Q1 2026.

How has Lucid Group's R&D spending changed?

Over the last 7 quarters it ranged from $251M (Q1 2025) to $361M (Q4 2025).

Q2 2026 results → · How Lucid Group makes money →