Lucid Q2 revenue up 56% to $405M; launches $1.4B cash savings plan

Lucid Group, Inc.

Q2 revenue $405M (+56% YoY); produced 4,774 vehicles (+24% YoY); delivered 3,953 (+19% YoY).
Identified $1.4B cash flow improvement in 2026: $600-800M inventory, ~$500M capex, ~$200M opex.
Ended Q2 with $3.0B total liquidity; secured financing provides runway well into 2027.
Launched operational reset: halved CEO direct reports, simplified org, focus on cash, customer, culture.
Robotaxi program with Uber/Nuro delivering Gravity production-validation vehicles; AMP-2 transitioning to industrialization.

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