NASDAQ$LCID
Lucid Group Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Lucid's Q2 2023 financial results were announced, with the company on track for its annual production guidance.
Lucid Group reported Q2 revenue of $150.9 million driven by customer deliveries of 1,404 vehicles. The company is on track to manufacture more than 10,000 vehicles in 2023. Lucid ended the second quarter with approximately $6.25 billion in total liquidity.
- Q2 revenue reached $150.9 million, driven by 1,404 vehicle deliveries.
- Total liquidity at the end of Q2 was $6.25 billion.
- Lucid was selected by Aston Martin to supply powertrain and battery system technology.
- Purchase agreement with the Government of Saudi Arabia was finalized.
Headline financials
Revenue & EPS history
Lucid · Revenue · Quarterly
$151M
Forward guidance
Lucid is on track toward achieving its 2023 production target of more than 10,000 vehicles and current liquidity of $6.25 billion is expected to take the company through the start of production for the Lucid Gravity, and into 2025.
Tailwinds
- On track toward achieving 2023 production target of more than 10,000 vehicles
- Lucid Air Sapphire start of production on track for mid-September
- Lucid Air Pure Rear Wheel Drive start of production on track for mid-September
- Lucid Gravity unveiling in November
- Lucid Gravity start of production on track for late 2024
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
-2.8%
Avg return
Earnings day
-3.6%
Avg return
5 days after
-7.7%
Avg return
30 days after
30%
7 / 23 earnings
Positive
+26.4%
Q3 2021
Best reaction
-19.1%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.6% | -4.9% | -14.6% | |
| Q4 2025 | +2.1% | +1.1% | -5.2% | |
| Q3 2025 | +4.9% | -1.5% | -22.2% | |
| Q1 2025 | -3.0% | +12.4% | -7.7% | |
| Q4 2024 | -13.4% | -18.8% | -11.1% | |
| Q3 2024 | +3.8% | +0.5% | +8.0% | |
| Q2 2024 | -1.0% | +2.2% | +22.4% | |
| Q1 2024 | -6.1% | -4.5% | +0.2% | |
| Q4 2023 | -16.3% | -14.4% | -24.7% | |
| Q3 2023 | -8.6% | -12.0% | +3.7% | |
| Q2 2023 | +8.6% | +0.3% | -7.3% | |
| Q1 2023 | -5.8% | -8.9% | -17.2% | |
| Q4 2022 | -11.2% | -11.5% | -17.3% | |
| Q3 2022 | -19.1% | -6.8% | -37.3% | |
| Q2 2022 | -5.9% | -5.1% | -23.2% | |
| Q1 2022 | -10.4% | -21.3% | -7.8% | |
| Q4 2021 | -5.2% | -14.1% | +0.6% | |
| Q4 2019 | -15.8% | -8.6% | -6.1% | |
| Q3 2021 | +26.4% | +25.7% | -7.1% | |
| Q2 2021 | -3.9% | -7.7% | -15.2% | |
| Q1 2021 | +19.5% | +21.5% | +40.6% | |
| Q4 2020 | +2.8% | -6.3% | -29.9% | |
| Q3 2020 | -0.2% | -0.3% | +2.1% |
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