LCID · Lucid Group, Inc.

Lucid Group's Q1 2026 production reached 5,500 vehicles, with deliveries at 3,093 vehicles, reflecting a significant impact from a 29-day disruption in Lucid Gravity deliveries caused by a supplier quality issue with second-row seats. This interruption directly hampered the company's ability to meet customer demand during the period. Management has confirmed that these issues are now resolved, providing reassurance on operational recovery. Notably, Lucid is reaffirming its previously shared full-year 2026 production guidance of 25,000-27,000 vehicles, signaling confidence in ramping output for the remainder of the year despite the quarterly setback. Starting this quarter, production numbers include all vehicles produced at AMP-1, including those shipped to Saudi Arabia, offering a more comprehensive view of manufacturing capacity. Investors should note that these vehicle production and delivery figures represent only one measure of operating performance and are not sole indicators of financial results, with full net income, cash flow, and other metrics to be disclosed during the upcoming earnings call on May 5, 2026. The company has enhanced investor engagement by partnering with Say Technologies for a Q&A platform, allowing shareholders to submit and upvote questions ahead of the call, which runs from April 20 to May 4, 2026.