TLDR
- LCID pops on record 2025 deliveries and rising demand across its EV lineup.
- Q4 revenue rockets 123% as production scales and unit costs keep falling.
- 2026 guidance lifted: 25k–27k vehicles, with margins and cadence improving.
- $4.6B liquidity boosts confidence despite ongoing GAAP losses and tariffs.
- Gravity, midsize plans, and robotaxi progress sharpen Lucid’s growth story.
Lucid (LCID) stock moved sharply as the company reported strong 2025 results and raised its 2026 outlook. The company posted record deliveries and significant revenue gains, and it also highlighted operational improvements across its portfolio. LCID closed at $9.92, up 5.08%, before falling to $9.52, down 4.03% after hours.
Lucid (LCID) Stock: Soars on Record Deliveries
Lucid reported higher deliveries in 2025 and noted strong demand across its EV lineup. The company delivered 15,841 vehicles for the year and increased deliveries by more than 50% compared to 2024. It also delivered 5,345 vehicles in the fourth quarter, and this marked its eighth straight quarter of rising delivery volumes.
The company nearly doubled production year over year and aligned output with its 2025 production target. It managed these gains despite supply chain issues and tariff pressures that affected the broader sector. It also confirmed that 538 vehicles will complete final validation in 2026 due to internal classification timing.
The company expanded its presence in the luxury EV category and gained market share throughout the year. It advanced production of Lucid Gravity and reduced unit costs across operations. It also widened its global manufacturing footprint and broadened its sales and service network.
123% Revenue Surge Boosts Confidence in Growth Plans
Lucid posted strong financial results that reflected higher vehicle deliveries and better operational execution. Fourth quarter revenue reached $522.7 million, which represented a 123% jump from the prior year. Annual revenue totaled $1.35 billion and marked a 68% increase from 2024.
The company ended the year with about $4.6 billion in total liquidity and reinforced confidence in its capital position. It also maintained discipline across operations and aligned spending with its long-term strategic plans. It reported a GAAP diluted net loss per share of $(3.62) for Q4 and $(12.09) for the full year.
Lucid advanced development in autonomy and accelerated work on its robotaxi platform during the year. It leveraged its technology stack to support future commercial deployment and enhance its software ecosystem. Furthermore, its product lineup earned top-tier recognition, including multiple awards for Lucid Gravity and Lucid Air.
Strong 2026 Outlook Reinforces Long-Term Strategy
Lucid issued 2026 production guidance of 25,000 to 27,000 vehicles and emphasized stability across operations. The company noted improved manufacturing cadence and stronger unit economics heading into the new year. It also prepared to reallocate resources by adjusting parts of its non-manufacturing workforce.
The company confirmed progress toward profitability while planning the launch of its midsize vehicle program. It also set expectations for the first commercial deployments of Lucid robotaxis. This positions the company for expansion across new segments and services.
Lucid highlighted that its liquidity offers flexibility to meet near-term goals while supporting future investments. It aims to maintain operational efficiency and strengthen margins with each production cycle. The company enters 2026 with renewed momentum and a clear roadmap for growth.
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