Lucid

Q2 FY2026 EarningsQ2 FY26 missed consensus expectations across most key metrics despite a 56% YoY revenue surge. Revenue of $405M slightly trailed the $408M estimate, while Diluted GAAP EPS of -$3.30 was significantly wider than the -$2.47 expected. Although deliveries grew 19% YoY, the company launched an 'Operational Reset' to address a $1.48B quarterly free cash flow burn, targeting $1.4B in cash savings for 2026. Liquidity remains the primary concern, though management guides that current cash provides a runway into 2027.