Lucid Group reports results on Monday 9 November, after the market closes. The analysts' average EPS estimate for the quarter is −$2.21 and the average revenue estimate is $399.1 million. The report will test whether the 66.5% year-on-year revenue growth seen in the twelve months to Q2 2026 holds.
Source: reported quarterly EPS and aggregated third-party estimates. Historical surprises are context, not a forecast.
View chart data
| Period | Reported EPS | Analysts' estimate |
|---|---|---|
| Sep '25 | −$2.65 | −$2.20 |
| Dec '25 | −$3.08 | −$2.67 |
| Mar '26 | −$2.82 | −$2.30 |
| Jun '26 | −$2.78 | −$2.41 |
What analysts expect from Lucid Group
For the quarter, the analysts' average EPS estimate is −$2.21, in a range from −$2.41 to −$2.02. The full-year EPS estimate is −$9.49, which would be up 6.0% on last year based on 9 analysts. The recommendation split is 1 positive, 7 neutral and 3 negative, so the loss is expected to narrow even as most analysts do not assign a positive rating.
Earnings surprise model
Our model estimates Lucid's EPS could land 9.0% below the analysts' average estimate, with an estimated chance of a beat at 25.0% based on the last 4 quarters. The model shrinks the median recent surprise toward zero and applies a neutral prior for beat frequency; the small sample makes this a reference estimate, not company guidance.
Lucid Group's record against estimates
Lucid reported EPS above the analysts' average estimate in 0 of the last 4 quarters. Last quarter, EPS of −$2.78 compared with an estimate of −$2.41, a miss of 15.3%.
Growth has picked up
Revenue over the twelve months to Q2 2026 was $1.5 billion, up 66.5% year on year, a rate 5.5 percentage points higher than a quarter earlier. The trailing operating margin rose 59.2 percentage points from a year earlier to −263.6%; the gross margin was −96.6% and the net margin −249.2%. The company posted a net loss of $3.9 billion over the twelve months. Operating cash flow was −$4.1 billion, and capital spending of $1.0 billion, or 66.7% of revenue, left free cash flow at −$5.1 billion. The free-cash-flow margin of −330.4% slipped 2.1 percentage points from a year earlier, yet it sits higher than 79% of the company's own past quarterly readings (−26407.3% to −280.7%). The operating margin is higher than 95% of past readings, and the revenue growth rate is higher than 56%.
Questions this report will answer
The report will answer whether the pick-up in revenue growth continues, whether results land above or below the analysts' expectations set out above, and whether margins hold at the trailing levels reported.
