Lucid secured access to $1.75 billion in added liquidity from its largest investor, Saudi Arabia’s Public Investment Fund, providing the troubled maker of electric vehicles with additional breathing room to execute its turnaround plan

Lucid Group - FY2026 Q3 Earnings $LCID $3.47 [-3.60% AH] ✅ Revenue: $350.3M (Est: $316.3M) [+4% YoY] ✅ EPS: -$2.30 (Est: -$2.78), GAAP -$2.74 Additional Metrics: Revenue QoQ: -14% from $405.3M Gross Margin: -74% vs -99% YoY Operating Loss: -$857.6M vs -$942.0M YoY Adjusted EBITDA: -$726.3M vs -$717.7M YoY Net Loss: -$830.9M vs -$978.4M YoY Operating Cash Flow: -$752.6M vs -$756.7M YoY Capital Expenditures: $287.1M vs $198.8M YoY Free Cash Flow: -$1.04B vs -$955.5M YoY, consumption down 30% QoQ Cash Flow Improvement Plan: $0.8B saved YTD vs $1.4B full-year target Total Liquidity: $2.0B, $3.75B pro forma for the $1.75B PIF loan facility expansion, expected to fund operations into Q4 2027

LUCID $LCID Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $350M (Est. $407M) 🔴; +4% YoY 🔹 Adj. EPS: -$2.30 (Est. -$2.28) 🔴 🔹 GAAP EPS: -$2.74 🔹 Adj. EBITDA: -$726.3M (Est. -$613M) 🔴 Announcements: 🔹 Autonomy & Robotaxi: 100+ vehicles on the road 🔹 Bolt: Initial goal of 25,000+ vehicles deployed 🔹 Midsize: Production planned for H2 2027; dates in Q1 2027 Key Updates: 🔹 Fair-Value Gain: $115.2M from derivative liabilities and subscription agreements 🔹 Cash Flow Plan: $1.4B; $0.8B savings achieved YTD 🔹 Free Cash Flow: $1.04B consumption; -30% sequentially 🔹 Liquidity: $2.0B; $3.75B pro forma incl. $1.75B PIF increase Comments: 🔸 “These actions are already showing through in Q3, with free cash flow consumption 30% lower sequentially.” 🔸 “We are grateful for the continued financial support from our anchor shareholder, which further energizes us to remain focused on execution and on our commitments as we build a stronger, sustainable Lucid.”