Lucid falls after suspending forecast, Q1 revenue miss

Lucid

06/05/2026 10:40

** Shares of EV maker Lucid Group LCID.O down 4.8% at $5.95 premarket

** Co suspends its full-year forecast and posts its biggest Q1 revenue miss in more than four years

** Co posts Q1 revenue of $282.5 mln, missing analysts' est. of $440.4 mln, after a supplier-related issue disrupted deliveries of its Gravity SUV

** Co says it will provide an updated annual outlook in Q2 after the new CEO Silvio Napoli reviews the business. It had previously forecast production of 25,000 to 27,000 vehicles for this year

** Two out of 14 analysts rate stock "buy" or higher, nine rate it "hold", three "sell"; median PT at $8 - data compiled by LSEG

** As of last close, LCID stock was down 40.8% YTD

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))