Lucid Group (LCID) Q3 FY2026 earnings: revenue $350 million, up 4.1% on the year
Lucid Group, Inc. (LCID) reported revenue of $350 million for Q3 FY2026, the quarter ended 30 September 2026, up 4.1% on the same quarter a year earlier. Net income was -$831 million, and diluted earnings per share $-2.74. The figures are the company's own, from the 10-Q it filed with the SEC on 9 November 2026.
Revenue
$350 million
+4.1% on the year · -13.6% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
-244.8%
-279.9% a year earlier
Q4 FY2024Q3 FY2026
Net income
-$831 million
Q4 FY2024Q3 FY2026
Diluted EPS
-$2.74
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 1 new, 1 kept.
Revenue rose 4% year over year: Revenue was $350.3 million, against $336.6 million a year earlier, while the US BEV market fell 41% over the same period according to S&P Mobility.
Net loss and per-share loss narrowed: Net loss was $830.9 million, against $978.4 million. Diluted EPS was $(2.74), against $(3.31). Nine-month diluted EPS was $(9.43), against $(8.50).
Free cash flow consumption fell 30%: Free cash flow was negative $1.04 billion, which the company said was 30% lower sequentially. The year-earlier quarter was negative $955.5 million.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
-753
-1,222
-757
Capital expenditure
287
254
199
+13.1%
+44.4%
Free cash flow
-1,040
-1,476
-955
Free cash flow margin
-296.8%
-364.1%
-283.9%
Cash from investing
-263
-282
255
Cash from financing
1,198
1,546
376
-22.5%
+218.5%
Depreciation and amortisation
122
122
120
+0.2%
+2.0%
Share-based compensation
36.6
46.6
115
-21.5%
-68.2%
Diluted shares, weighted
395m
382m
312m
+3.3%
+26.4%
Shares outstanding at period end
396m
394m
324m
+0.5%
+22.2%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
-2,095
-1,058
1,800
Redeemable equity
3,156
2,906
1,921
+8.6%
+64.3%
Short-term borrowings
n/a
n/a
313
Debt
4,449
3,254
2,040
+36.7%
+118.0%
Operating lease liabilities
228
228
221
-0.2%
+3.1%
Finance lease liabilities
102
103
102
-1.1%
-0.4%
Other liabilities
1,972
2,266
2,426
-13.0%
-18.7%
Total liabilities and equity
7,811
7,699
8,823
+1.5%
-11.5%
Investments
17.8
42.9
1,358
-58.6%
-98.7%
Cash and equivalents
931
733
1,635
+27.0%
-43.1%
Receivables
199
223
138
-10.6%
+44.8%
Inventory
1,222
1,379
981
-11.3%
+24.6%
Other assets
5,440
5,322
4,711
+2.2%
+15.5%
Total assets
7,811
7,699
8,823
+1.5%
-11.5%
Questions
What was Lucid Group's revenue in Q3 FY2026?
Lucid Group (LCID) reported revenue of $350 million for Q3 FY2026, the quarter ended 30 September 2026, up 4.1% on the same quarter a year earlier.
How much did Lucid Group earn in Q3 FY2026?
Net loss for Q3 FY2026 was $831 million, and the diluted loss per share $2.74.
When did Lucid Group report Q3 FY2026 results?
Lucid Group filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 9 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 9 November 2026: the filing.