Quick answer: latest quarter results, by ticker or company name

Reported Q: Q2 2024 Rev YoY: +33.0% EPS YoY: +15.0% Move: +13.96%

Lucid Group Inc

LCID

$10.86 13.96%

Exchange NASDAQ Sector Consumer Cyclical Industry Auto Manufacturers

Q2 2024

Published: Aug 5, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for LCID

Reported

Report Date

Aug 5, 2024

Quarter Q2 2024

Revenue

200.58M

YoY: +33.0%

EPS

-0.34

YoY: +15.0%

Market Move

+13.96%

Previous quarter: Q1 2024

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Earnings Highlights

Revenue of $200.58M up 33% year-over-year
EPS of $-0.34 increased by 15% from previous year
Gross margin of -134.5%
Net income of -643.39M
""We generated great momentum and progress in the first half of the year and we'll look to build upon this through the back half of the year" - Peter Rawlinson, CEO." - Peter Rawlinson

LCID

Lucid Group Inc

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 9, 2026

Executive Summary

Lucid Group Inc reported a remarkable second quarter of 2024, with record production and delivery figures highlighting its growth momentum in the electric vehicle (EV) sector. The Company delivered 2,394 vehicles, marking a 70.5% increase year-over-year and 21.7% sequentially, driven by strong demand in North America. However, despite the positive delivery figures, Lucid faced significant challenges, including a gross loss of $269.8 million for the quarter, impacted by high costs and a substantial inventory impairment. With a focus on cost optimization and an upcoming shift towards the production of the Lucid Gravity SUV, management remains optimistic about the future, reiterating their commitment to achieving meaningful improvements in production efficiency and financial performance.

Key Performance Indicators

Revenue

Increasing

200.58M

QoQ: 16.12% | YoY: 32.95%

Gross Profit

Increasing

-269.77M

-1.34% margin

QoQ: -16.25% | YoY: 33.38%

Operating Income

Increasing

-787.42M

QoQ: -7.88% | YoY: 6.00%

Net Income

Increasing

-643.39M

QoQ: 5.50% | YoY: 15.81%

EPS

Increasing

-0.34

QoQ: -13.33% | YoY: 15.00%

Revenue Trend

Margin Analysis

Financial Highlights

1. Revenue for Q2 2024: $200.6 million, a year-over-year increase of 32.9% and a sequential increase of 16.1%.
2. Gross Profit: reported at -$269.8 million, with a gross margin of -134.5%.
3. Operating Loss: $787.4 million, primarily driven by high production costs and R&D expenses of $287.2 million.
4. Net Income: -$643.4 million, with an EPS of -$0.34.
5. Cash and Cash Equivalents: $1.35 billion at the end of Q2 2024, with $4.28 billion in total liquidity, including recent capital raises.
6. Current Ratio: 3.96, indicating a strong short-term liquidity position.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	200.58M	32.95%	16.12%
Gross Profit	-269.77M	33.38%	-16.25%
Operating Income	-787.42M	6.00%	-7.88%
Net Income	-643.39M	15.81%	5.50%
EPS	-0.34	15.00%	-13.33%

Key Financial Ratios

Gross Profit Margin

Weak

-1.35%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

-3.93%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-3.21%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.08%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.15%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

3.96

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Moderate

0.58

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

Negative

-2.37x

Negative earnings make P/E ratio not meaningful

Price to Book

Fair Value

1.46x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q4 2024	234.47	0.99	+49.2%	View
Q3 2024	200.04	-0.41	+45.2%	View
Q2 2024	200.58	-0.34	+33.0%	View
Q1 2024	172.74	-0.30	+15.6%	View
Q4 2023	157.15	-0.29	-39.0%	View

Lucid Group Inc (LCID) Q2 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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