Lucid Group (LCID) reports Q1 2026 vehicle output and keeps guidance
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Lucid Group, Inc. reported operational metrics for the quarter ended March 31, 2026, stating it produced 5,500 vehicles and delivered 3,093 vehicles. Deliveries of the Lucid Gravity were disrupted for 29 days by a supplier quality issue with second-row seats, which limited the company’s ability to meet demand during the period.
Lucid said the seat issue has been resolved and reaffirmed its previously shared 2026 production guidance of 25,000–27,000 vehicles. The company plans to discuss full first quarter 2026 financial results on a conference call and webcast scheduled for May 5, 2026.
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Insights
Lucid reports Q1 volumes, navigates a temporary delivery disruption but keeps full-year production guidance intact.
Lucid reported Q1 2026 operational data of 5,500 vehicles produced and 3,093 delivered. Management highlighted a 29-day disruption in Lucid Gravity deliveries caused by a supplier quality problem with second-row seats, which constrained the ability to fulfill demand in the quarter.
Despite this setback, Lucid reaffirmed its full-year 2026 production guidance of 25,000–27,000 vehicles, signaling confidence in manufacturing capacity and supply-chain recovery. The scheduled earnings call on May 5, 2026 will provide full financials, including net income and cash flow, which are not included with these volume figures.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Q1 2026 vehicles produced: 5,500 vehicles
Q1 2026 vehicles delivered: 3,093 vehicles
Full-year 2026 production guidance: 25,000–27,000 vehicles
+3 more
6 metrics
Q1 2026 vehicles produced
5,500 vehicles
Quarter ended March 31, 2026
Q1 2026 vehicles delivered
3,093 vehicles
Quarter ended March 31, 2026
Full-year 2026 production guidance
25,000–27,000 vehicles
Reaffirmed in Q1 2026 update
Gravity delivery disruption length
29 days
Supplier quality issue with second-row seats
Earnings call date
May 5, 2026
First quarter 2026 financial results discussion
Earnings call time
2:30 pm PT / 5:30 pm ET
First quarter 2026 webcast
Key Terms
production guidance, software-defined vehicles, forward-looking statements, safe harbor provisions, +1 more
5 terms
production guidance financial
"the company is reaffirming its previously shared production guidance of 25,000-27,000 vehicles"
A company’s estimate of how many units or how much output it expects to manufacture or deliver over a coming period, usually given as specific numbers or ranges. Investors use it like a production roadmap: it signals future revenue potential, potential supply constraints or surpluses, and whether costs and profit margins are likely to move up or down—similar to a bakery saying how many loaves it plans to bake next month, which shapes sales and ingredient buying decisions.
software-defined vehicles technical
"maker of the world’s most advanced software-defined vehicles and technologies"
Vehicles whose key features and performance are controlled and updated primarily through software rather than fixed hardware designs. Like a smartphone that gains new apps and capabilities over time, these cars can receive over-the-air updates that add features, improve efficiency, or fix issues, which matters to investors because it can extend product life, create ongoing revenue from software services, lower recall risk, and change how value is created and captured in the auto industry.
forward-looking statements regulatory
"This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
safe harbor provisions regulatory
"within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995"
Safe harbor provisions are rules or legal protections that shield companies or individuals from certain penalties or liabilities when they follow specific guidelines or procedures. They provide a sense of security, encouraging compliance and innovation by reducing the fear of legal repercussions if they act in good faith. For investors, these provisions help ensure that companies are transparent and accountable without the risk of unfair punishment for honest mistakes.
production and delivery totals financial
"today announced production and delivery totals for the quarter ended March 31, 2026"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): April 3, 2026
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
(Address of Principal Executive Offices) | (Zip Code) | |||||||
Registrant's telephone number, including area code: (510 ) 648-3553
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 2.02 Results of Operations and Financial Condition.
On April 3, 2026, Lucid Group, Inc. issued a press release announcing its production and delivery totals for the quarter ended March 31, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
The information in this Current Report on Form 8-K and the exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |||||||
99.1 | Lucid Press Release Dated April 3, 2026 | |||||||
104 | Cover Page Interactive Data File (embedded within the inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: April 3, 2026 | ||||||||
LUCID GROUP, INC. | ||||||||
By: | /s/ Taoufiq Boussaid | |||||||
Taoufiq Boussaid | ||||||||
Chief Financial Officer | ||||||||
 | Exhibit 99.1 | ||||
Lucid Announces Q1 Production & Deliveries, Sets Date for First Quarter 2026 Results
NEWARK, CA — April 3, 2026 — Lucid Group, Inc. (NASDAQ: LCID), maker of the world’s most advanced software-defined vehicles and technologies, today announced production and delivery totals for the quarter ended March 31, 2026. During this period, the company produced 5,500 vehicles and delivered 3,093 vehicles.1
During the quarter, deliveries of the Lucid Gravity were disrupted for 29 days due to a supplier quality issue with the second-row seats. As a result of this, the company’s ability to meet customer demand was impacted. These issues have now been addressed, and the company is reaffirming its previously shared production guidance of 25,000-27,000 vehicles.
Lucid will host a conference call to discuss its first quarter 2026 financial results on Tuesday, May 5, 2026, at 2:30 pm PT / 5:30 pm ET. Prior to the conference call, the company will issue an earnings press release with a link to the live webcast on its investor relations website, https://ir.lucidmotors.com.
To enhance engagement with the company’s shareholder base and facilitate connections with its investors, Lucid is partnering with Say Technologies to allow retail and institutional shareholders to submit and upvote questions, a selection of which will be answered by Lucid management during the earnings call.
Starting on April 20, 2026, at 2:30 pm PT / 5:30 pm ET, all shareholders can submit questions by visiting: https://app.saytechnologies.com/lucid-group-2026-q1. This Q&A platform will remain open until 2:30 pm PT / 5:30 pm ET on May 4, 2026. Shareholders can email support@saytechnologies.com for any support inquiries.
Earnings Call Details:
Date: Tuesday, May 5, 2026
Time: 2:30 pm PT / 5:30 pm ET
Webcast: https://ir.lucidmotors.com (live and replay)
1 Lucid’s net income and cash flow results will be announced along with the rest of its financial performance when Lucid announces first quarter earnings. Lucid vehicle production and delivery numbers represent only one measure of the company’s operating performance and should not be relied on as sole indicators of quarterly financial results, which depend on a variety of factors. Starting this quarter, Lucid is including all vehicles produced at AMP-1 in its production numbers, including those vehicles being shipped to Saudi Arabia.
About Lucid Group
Lucid Group, Inc. (NASDAQ: LCID) is a technology company creating exceptional mobility experiences through innovation to drive the world forward. Built on Lucid’s proprietary technology and software defined vehicle architectures, the company’s lineup of award-winning vehicles brings Lucid’s “Compromise Nothing™” approach to premium segments of the global automotive market. Lucid designs and engineers its products in-house and assembles at its vertically integrated facilities in Arizona and Saudi Arabia, enabling continuous innovation across vehicles, software, and advanced driver assistance and autonomy-ready capabilities.
Investor Relations Contact
investor@lucidmotors.com
Sign up for investor email alerts: https://ir.lucidmotors.com/ir-resources/email-alerts
1
Media Contact
media@lucidmotors.com
Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.
Forward-Looking Statements
This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “shall,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid’s management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the headings “Cautionary Note Regarding Forward-looking Statements” and “Risk Factors” in Lucid’s Annual Report on Form 10-K for the year ended December 31, 2025, subsequent Current Reports on Form 8-K, as well as in other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid’s expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid’s assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
2
FAQ
What were Lucid Group (LCID) Q1 2026 production and delivery numbers?
Lucid produced 5,500 vehicles and delivered 3,093 vehicles in the quarter ended March 31, 2026. These figures provide an early view of operational activity before the company reports full financial results with its first quarter earnings release.
How did the supplier issue affect Lucid Group (LCID) Q1 2026 deliveries?
Deliveries of the Lucid Gravity were disrupted for 29 days due to a supplier quality issue with the second-row seats. Lucid stated this disruption affected its ability to meet customer demand, but also indicated the underlying quality issues have now been addressed.
Did Lucid Group (LCID) change its 2026 production guidance in this update?
Lucid reaffirmed its previously shared 2026 production guidance of 25,000–27,000 vehicles. This confirmation came despite the 29-day disruption to Lucid Gravity deliveries, indicating management’s view that full-year production plans remain achievable after resolving the supplier issue.
When will Lucid Group (LCID) report full Q1 2026 financial results?
Lucid plans to report full first quarter 2026 financial results on May 5, 2026. The company will host a conference call and webcast at 2:30 pm PT / 5:30 pm ET, following release of a detailed earnings press release on its investor relations website.
Does Lucid Group (LCID) include Saudi Arabia output in its production numbers?
Starting with this quarter, Lucid includes all vehicles produced at its AMP-1 facility in production figures, including vehicles shipped to Saudi Arabia. This change means reported production more fully captures the company’s total output from that manufacturing location.