Lucid Group reported mixed fourth-quarter results with a loss per share of $3.62, missing Wall Street’s expectations. Despite this, revenue beat estimates by around 12%. The company revised its 2025 production figures due to internal validation issues but anticipates a significant increase in vehicle production this year.

The company recently laid off 12% of its U.S. salaried workforce to streamline operations and improve efficiency. Lucid aims to produce between 25,000 and 27,000 units in 2026, marking a potential 40% to 51% increase from the previous year.

Lucid plans to introduce a new midsize vehicle to its lineup and launch robotaxis in partnership with other companies. The company emphasizes operational and financial discipline in 2026 while focusing on sustainable growth and progress towards profitability.

Lucid ended 2025 with approximately $4.6 billion in total liquidity, providing flexibility for near-term goals and future growth investments. Despite a net loss of $2.7 billion last year, revenue increased by 68% to $1.35 billion, with losses more than doubling year-over-year in the fourth quarter.

Read more at CNBC: Lucid (LCID) Q4 2025 results