Lucid Delivered Just 3,806 Cars in Q3 — Missing Estimates — and Reports Earnings on November 9

Lucid delivered 3,806 vehicles in the third quarter of 2026, down 6.7 percent year over year and short of the 4,687 analysts had expected, the company disclosed in October. It built just 2,954 vehicles in the quarter, down from 3,891 a year earlier, after removing a second shift at its AMP-1 plant in June. Deliveries topped production by 852 vehicles because the company drew down existing inventory.

The math for the rest of the year is now steep. Lucid has delivered 10,852 vehicles so far in 2026, and to meet Wall Street’s full-year estimate of about 17,070 units it would need to deliver more than 6,200 vehicles in the fourth quarter — above its fourth-quarter 2025 record of 5,345. The company reports full third-quarter results after the market closes on Monday, November 9, with a call at 5:30 p.m. Eastern Time.

Analysts expect revenue of about $395.67 million and a loss of $2.27 per share, and the report will also show cash, losses and progress on management’s operating reset, which targets $1.4 billion of cash-flow improvements in 2026. With no cash figure disclosed yet, investors lack hard numbers ahead of the report — and the delivery miss means the earnings call will be judged as much on the fourth-quarter outlook as on the third-quarter results.