Lucid has reported 4,774 vehicles produced and 3,953 deliveries for the second quarter, as the luxury EV manufacturer continues efforts to improve operational performance under its new leadership.
The 3,953 deliveries fell short of Wall Street expectations.
Visible Alpha consensus stood at 4,618 deliveries heading into the report, while FactSet‘s broader consensus was approximately 5,000.
In a research note published last week, Cantor Fitzgerald analyst Andres Sheppard had also modelled 5,170 deliveries — above both consensus figures.
Still, the figures represent increases of over 20% in both production and deliveries year-over-year, as the company ramped up manufacturing of its second model, the Gravity SUV.
Delivery figures recovered quarterly over quarterly after a weaker period in which a recall — and delivery halt — affected nearly Gravity vehicles produced up until February 14.
In the first three months of the year, deliveries had remained flat. Through the first half of 2026, Lucid produced 10,274 vehicles and delivered 7,046.
The company had originally guided for production of 25,000 to 27,000 vehicles this year, a range set during its fourth-quarter earnings in February and reaffirmed at the time of its first-quarter delivery report on April 3.
However, at its first-quarter earnings call on May 5, CFO Taoufiq Boussaid said Lucid was suspending the guidance “pending a comprehensive strategic review by incoming CEO Silvio Napoli,” calling it a “governance decision.”
Boussaid said a full updated outlook would be provided at the second-quarter earnings call, now scheduled for August 4.
The first-half pace places the company well below the annualized run rate implied by even the low end of the original target.
Recall, Delivery Halt, and Lawsuit
The first half of 2026 was shaped by a major disruption in the company’s deliveries.
In January, Lucid discovered that some second-row seat belt anchors had been improperly welded — a defect traced to its seat supplier Camaco Automotive.
The EV maker issued a stop-sale and froze Gravity deliveries for 29 days earlier this year.
The recall, filed with the National Highway Traffic Safety Administration (NHTSA) on March 26, covered 4,476 Gravity vehicles — every unit produced through February 14 — and disclosed the first Gravity-specific production figure ever made public.
Last month, Pomerantz LLP filed a federal securities class action against Lucid, alleging that then-interim CEO Marc Winterhoff and CFO Taoufiq Boussaid made materially misleading statements while the disruption was underway.
A second, unrelated physical recall followed weeks later, covering 3,627 Air sedans over a half-shaft disengagement issue.
Production Figures
Production, however, declined from the 5,500-unit output of the first quarter.
Last week, EV exclusively reported that Lucid cut 18% of its US workforce — the fourth formal layoff since 2023 and the second this year.
The round was the first to sweep in hourly production workers, eliminating the second shift at Casa Grande.
A state filing showed 705 of those jobs are at the Arizona plant.
Lucid said the cuts would save approximately $158 million annually. The company is also weighing a reduction of up to 40% in its European operation.
Alongside the production and delivery figures, the company unveiled a major leadership overhaul led by CEO Silvio Napoli, aimed at streamlining decision-making and improving execution across the business.
Lucid said the restructuring reduces the number of executives reporting directly to the CEO by half while introducing several new appointments across finance, technology, customer operations and transformation.
Last week, EV exclusively reported that Lucid pushed out COO Marc Winterhoff — the former interim CEO who led the company for 15 months before Silvio Napoli took over on June 1.
Winterhoff had returned to the COO seat barely three weeks earlier. Lucid said it was eliminating the role entirely.
Days before, SVP of Engineering and Software Emad Dlala departed after nearly 11 years, bringing the tally of C-level and VP exits since October 2023 to 15.
