Is Lucid (LCID) Stock a Buy Ahead of Earnings Tuesday

TLDR

• Lucid reports Q4 2025 earnings Tuesday, February 24, with options traders expecting a 14.87% swing either way.
• Analysts forecast a loss of $2.67 per share and revenue of ~$459.5 million, up ~96% year-over-year.
• Lucid announced a 12% U.S. workforce reduction ahead of the print, targeting margin improvements.
• LCID is down 10% year-to-date and holds a consensus Moderate Sell rating from Wall Street.
• Profitability is not expected until 2026–2027 as the Gravity SUV ramp continues.

Lucid Group heads into Tuesday’s Q4 2025 earnings report with its stock under pressure and the options market flashing a warning sign.

Lucid Group, Inc., LCID

Traders are pricing in a 14.87% move in either direction after the release. For context, LCID’s average post-earnings swing over the past four quarters has been 7.73% — making this implied move nearly double the norm.

The stock is down 10% year-to-date, sitting around $9.59, while the broader auto manufacturing segment has climbed 7.1% over the same stretch.

Analysts expect a Q4 loss of $2.67 per share, steeper than the $2.20 loss recorded in Q4 2024. On the revenue side, the forecast sits at roughly $459.5 million — a 96% year-over-year jump.

Despite that growth projection, Lucid has a history of falling short. It has missed revenue estimates multiple times in the last two years, including last quarter when it posted $336.6 million — up 68.3% year-over-year but still below expectations.

Lucid Cuts 12% of U.S. Workforce

Just days before the earnings release, Lucid confirmed it is laying off roughly 12% of its U.S. workforce. The cuts target non-hourly and salaried roles.

Hourly workers at its Arizona manufacturing facility, plus logistics and quality teams, are not part of the reduction. Lucid said the move is aimed at improving gross margins and pushing the company closer to profitability.

Analyst Targets and Ratings

Benchmark analyst Mickey Legg held his Buy rating and $30 price target on Lucid going into the report. He noted Q4 deliveries came in slightly ahead of his estimates and said the focus on Tuesday will be margins tied to the Gravity SUV ramp, cost control, and cash runway.

Legg does not expect the company to reach profitability until 2026 or 2027.

The broader analyst consensus is less upbeat. LCID carries a Moderate Sell rating, drawn from two Hold calls and one Sell over the past three months. The average price target stands at $12.67, implying roughly 30% upside from current levels.

How Peers Fared

General Motors posted a 5.1% revenue decline, missed estimates, but still gained 6.9% after its report. Autoliv topped estimates yet dropped 4.7% — showing that earnings reactions in the auto sector can be unpredictable.

Lucid’s Q4 2025 earnings are scheduled for Tuesday afternoon, February 24.

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