Total liquidity ended the quarter at USD 3.0 billion; financing and cost actions were cited as extending runway well into 2027.
Lucid launched an operational reset targeting USD 1.4 billion of 2026 cash-flow improvements; robotaxi testing expanded to nearly 100 vehicles with Uber and Nuro.
Q2 results and operating metrics
Lucid posted Q2 GAAP revenue of USD 405 million, up 56% year over year; GAAP net loss widened to USD 1.03 billion.
GAAP operating loss widened to USD 1.08 billion, while non-GAAP adjusted EBITDA loss widened to USD 901.11 million.
Deliveries rose 19% from a year earlier to 3,953 vehicles; production increased 24% to 4,774, with output intentionally reduced to cut inventory.
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