Lucid Group Q3 revenue misses analyst estimates
LCID•Lucid Group’s third-quarter revenue rose 4% year over year to $350 million, below the $407.31 million consensus estimate. The company reduced free cash flow consumption 30% sequentially and increased liquidity by $1.75 billion through expanded PIF support.
1. Revenue and cash use
Lucid Group reported third-quarter revenue of $350 million, up 4% year over year and below analysts’ $407.31 million estimate. The company said it reduced free cash flow consumption by 30% sequentially, citing manufacturing capacity aligned with demand, lower inventory and reduced operating expenses.
2. Outlook and liquidity
Lucid said it remains on track to achieve its full-year $1.4 billion cash flow improvement target and expects its liquidity to fund operations and investments into the fourth quarter of 2027. It increased liquidity by $1.75 billion through expanded PIF support and expects to announce a mid-term plan and targets early next year.
