Faraday Future Q1 revenue rises as robot deliveries begin

Faraday Future Intelligent Electric

14/05/2026 21:28

Overview

U.S. robotics and AI firm's Q1 revenue rose 62% yr/yr, driven by initial EAI robot deliveries

Operating loss for Q1 narrowed 18% from prior year

Company raised 2026 EAI robot shipment target to 1,500 units, secured $45 mln new financing

Outlook

Company raises 2026 EAI robot shipment target to over 1,500 units

Faraday Future to prioritize education-focused EAI robot deployments in 2026

Company plans early-June launch of new EAI robot to support shipment growth

Result Drivers

EAI ROBOTICS LAUNCH - Initial deliveries of EAI robots drove Q1 revenue growth and marked the first quarter of meaningful robotics sales

EDUCATION AND ECOSYSTEM DEMAND - Rising demand across education, security, reception, and research use cases supported shipments and revenue

COST DISCIPLINE - Lower general and administrative expenses helped narrow operating loss

Company press release: ID:nBwx95RTa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income from operations
-$35.9 mln
Q1 Operating Expenses
$24.53 mln
Q1 Operating Income
-$35.91 mln
Q1 Pretax Profit
-$42.30 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the auto & truck manufacturers peer group is "hold."

Wall Street's median 12-month price target for Faraday Future Intelligent Electric Inc is $5.00, about 1,119.5% above its May 13 closing price of $0.41

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)