Lucid reported third-quarter 2026 results, reducing quarterly cash consumption by 30% sequentially and increasing liquidity by $1.75 billion through an expanded credit line from Saudi Arabia’s PIF. The company said it made material progress on each of its four Must-Win priorities. Revenue was $350.3 million, below the $396.3 million consensus estimate, and its non-GAAP loss was $2.30 per share. Free cash flow was negative $1.04 billion, and the adjusted EBITDA margin was negative 207%.
Revenue came in 11.6% below analyst consensus, while an increase to the Public Investment Fund facility lifted pro forma liquidity to $3.75 billion.
Read the full storyRevenue rose 4% despite a contraction in the U.S. electric-vehicle market, while quarterly free cash flow use fell to $1.04 billion.