NASDAQ$LCID
Lucid Group Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Lucid reported Q3 revenue of $137.8 million driven by customer deliveries of 1,457 vehicles and produced 1,550 vehicles.
Lucid reported Q3 revenue of $137.8 million with deliveries of 1,457 vehicles. Production outlook for 2023 is revised to 8,000 - 8,500 vehicles. The company ended the quarter with approximately $5.45 billion in liquidity.
- Q3 revenue was $137.8 million driven by customer deliveries of 1,457 vehicles.
- Production of the Lucid Air Pure RWD and Lucid Air Sapphire began in September.
- General assembly production shifted to Phase 2 of Lucid’s factory in Arizona and Lucid opened its first manufacturing plant in Saudi Arabia.
- Lucid Gravity will be unveiled on November 16 at the LA Auto Show with start of production remaining on track for late 2024.
Headline financials
Revenue & EPS history
Lucid · Revenue · Quarterly
$138M
Forward guidance
Production outlook for 2023 is revised to 8,000 - 8,500 vehicles to prudently align with deliveries.
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 Q3 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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