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Release Date: April 29, 2026

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points Essex Property Trust Inc ESS exceeded the high end of its guidance range for core FFO per share in the first quarter.The company achieved a 20 basis point year-over-year occupancy gain through an occupancy-focused strategy.Northern California outperformed expectations with a 3.2% blended rent growth, driven by strong performance in San Francisco and San Mateo.Essex Property Trust Inc (ESS) successfully repurchased approximately $62 million of stock, capitalizing on a significant discount to private market valuation.The company reported a solid balance sheet with net debt-to-EBITDA of 5.5 times and over $1 billion in available liquidity. Negative Points Heightened geopolitical tensions and inflationary pressures have contributed to increased near-term uncertainty.Seattle experienced a slow start to the year with a negative 80 basis point blended rent growth due to a soft demand environment.Southern California's performance was modest, with Los Angeles showing only incremental improvements.The company faces a $0.07 headwind to its second-half forecast due to early structured finance redemption proceeds.Essex Property Trust Inc (ESS) is cautious about adjusting its full-year forecast due to current macroeconomic uncertainties. Q & A Highlights Q: Can you explain the expected trend for blended rate growth this year to meet the 2.5% guidance?
A: We are on track with our guidance. The first quarter came in at 1.4%, and April is already above 3%. We anticipate no challenges in achieving the 2.5% target for the year, with the first and second halves expected to be similar.

Q: Regarding the $90 million early redemptions, is this a pull forward from later years, and could it worsen the FFO headwind?
A: The $90 million is from maturities originally set for 2027 and 2028, now pulled into 2026. This means no redemptions in '27 and '28, so the headwind is effectively behind us.

Q: What drove the change in methodology for net effective rate growth, and how does it compare to prior disclosures?
A: The change aligns our reporting with peers for easier comparison. The cadence shows higher rates in Q2 and Q3 and lower in Q4 and Q1. This change was signaled last year and does not affect our business approach.

Q: Have recent tech layoffs affected the California market, or are forward indicators still strong?
A: Despite layoff announcements, job openings at top tech companies remain steady, and unemployment claims are low, indicating displaced workers find new jobs quickly. Northern California, with a high concentration of tech companies, is our best-performing region.

Q: Can you provide more detail on the expense surprises in Q1 and what might reverse in the second half?
A: The flat expense growth was due to delayed controllable expense projects, which will occur in Q2 and Q3. For the full year, controllable expense growth is expected to be around 2%.

Q: How is the demand for West Coast assets, and what is the investment appetite for California real estate?
A: There is significant capital interest in West Coast assets, driven by strong fundamentals and supply constraints. Cap rate compression in Northern California reflects this demand, and we expect it to continue.

Q: How do you view the impact of AI on your markets, particularly in Northern California?
A: We see a direct benefit from AI, especially near San Francisco, with many startups emerging. Large AI companies are expanding into the Peninsula, benefiting our markets long-term.

Q: What are your thoughts on the political environment and its impact on demand in West Coast markets?
A: It's too early to predict the impact of political tax measures, but we haven't seen any direct effects on our business. Opposition to new taxes and advocacy for responsible expense management are also present.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Project Demonstrates ESS Technology in an Innovative Infrastructure Application, Combining Energy Storage, Renewable Generation and Water Conservation

Commissioning Marks Operational Milestone for ESS and Supports TID’s Innovative Water and Energy Infrastructure Project

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (NYSE: GWH) ("ESS" or the "Company"), a leading manufacturer of long-duration iron flow energy storage systems (“LDES”) for commercial and utility-scale applications, today announced the successful commissioning of two ESS iron flow battery systems at Turlock Irrigation District ("TID") in California’s Central Valley.

The project pairs ESS iron flow battery technology with solar panels installed above active irrigation canals, an innovative configuration designed to generate renewable electricity while helping reduce water evaporation. ESS believes the project demonstrates the ability of long-duration iron flow battery technology to support critical infrastructure applications where reliability, safety and flexible energy dispatch are important.

“The successful commissioning of this project is an important milestone for ESS and a strong demonstration of our iron flow battery technology in a real-world infrastructure application,” said Drew Buckley, Chief Executive Officer of ESS Tech. “We are proud to support Turlock Irrigation District on this innovative project and believe it highlights the potential for long-duration energy storage to play a valuable role in helping customers manage renewable energy, strengthen resilience and support broader resource conservation goals.”

The solar-over-canal configuration is drawing growing interest as water agencies and utilities look for ways to address both energy and water challenges. By combining renewable generation with long-duration storage, the TID project is designed to improve the usability of solar power produced at the site while also supporting water conservation objectives.

ESS’s iron flow battery technology uses iron, salt and water as its primary materials and is designed to provide safe, long-duration energy storage for stationary applications. The collaboration underscores ESS’s commitment to safe and sustainable energy infrastructure.

To learn more about the Turlock Irrigation District solar-over-canal project, click here to watch a video overview.

About ESS Tech, Inc.

ESS (NYSE: GWH) is the leading manufacturer of long-duration iron flow energy storage solutions. ESS was established in 2011 with a mission to accelerate decarbonization safely and sustainably through longer lasting energy storage. Using easy-to-source iron, salt, and water, ESS iron flow technology enables energy security, reliability and resilience. We build flexible storage solutions that allow our customers to meet increasing energy demand without power disruptions and maximize the value potential of excess energy. For more information visit www.essinc.com.

Cautionary Language on Forward-Looking Statements

This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company and other matters that involve substantial risks and uncertainties. These statements may discuss the management team’s goals, beliefs, hopes, intentions and expectations as to future plans, trends, events, results of operations and financial condition, or otherwise, based on current beliefs of the management of the Company, as well as assumptions made by, and information currently available to, the Company’s management. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would,” or, in each case, their negative or other variations or comparable terminology may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include our anticipated growth strategies and anticipated trends in our business. Examples of forward-looking statements include, among others, statements pertaining to market opportunities for ESS’ products, pace of commercial activity, and relationships with customers. These forward-looking statements are based on ESS’ current expectations and beliefs concerning future developments and their potential effects on ESS. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication. There can be no assurance that the future developments affecting ESS will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond ESS control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, our products being in the early stage of commercialization and aspects of our technology not having been fully field tested; required maintenance being performed incorrectly or maintenance requirements exceeding our current expectations; failure to deliver the benefits offered by our technology; inability to achieve market acceptance of our products; our warranty obligations; and other risks and uncertainties described more fully in the section titled “Risk Factors” in the Company’s Quarterly Report on Form 10-K filed on March 5, 2026, and the Company’s other filings with the U.S. Securities and Exchange Commission. Except as required by law, ESS is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

More News From ESS, Inc.

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (NYSE: GWH) ("ESS" or the "Company"), a leading manufacturer of long-duration iron flow energy storage systems (“LDES”) for commercial and utility-scale applications, highlighted the findings of a final report issued in connection with Burbank Water and Power for the American Public Power Association (APPA) to evaluate the application of ESS’ Iron Flow Battery technology in a real-world utility environment.

The report, prepared under the APPA’s Demonstration of Energy & Efficiency Developments program, documented the installation, operation, and evaluation of an ESS Energy Warehouse system. According to the report, the system was successfully installed, energized, and operated through the 21-month project evaluation period co-located with a solar resource, with Burbank Water and Power concluding that ESS’ Iron Flow Battery technology works and there is a place for this battery in a utility’s overall energy storage strategy.

“This project provides another example of how ESS iron flow technology can perform in an operating utility environment,” said Drew Buckley, Chief Executive Officer of ESS. “Third-party demonstration projects like this are important because they show how the technology performs in real-world utility applications. The project helps validate the underlying strengths of our core technology, which carry through to our next generation Energy Base product: long-duration performance, a safe and non-flammable chemistry based on iron, salt and water, and the value of a solution manufactured in America as utilities look for durable energy storage alternatives to lithium-ion.”

The Burbank Water and Power final report noted several attributes of the system and underlying chemistry, including the use of iron, salt, and water, non-flammable and sustainable, easily sourced components, domestic manufacturing, and a projected long operating life. The report also stated that utility personnel were successfully trained on operation and maintenance of the system and that the project supported broader education and engagement around iron flow battery technology.

“We collaborated with APPA to understand the potential for long duration energy storage to support our future energy and zero carbon energy generation requirements,” said Mandip Samra, General Manager of Burbank Water and Power. “The project with ESS and APPA demonstrated that safe, long duration battery alternatives are viable, and can benefit our grid. We appreciate APPA’s leadership.”

The findings align with ESS’ focus on delivering long-duration energy storage solutions designed to support grid reliability, renewable integration, and energy resilience for utilities, independent power producers, and commercial and industrial customers. That focus is reflected in the Company’s broader commercial momentum, including Project New Horizon with Salt River Project in Arizona, which includes Google participation, ESS’ contract supporting a large-capacity energy storage deployment with the United States Air Force Research Laboratory, and ongoing collaboration with key partners to advance the commercialization of iron flow battery systems.

About ESS Tech, Inc.

ESS (NYSE: GWH) is the leading manufacturer of long-duration iron flow energy storage solutions. ESS was established in 2011 with a mission to accelerate decarbonization safely and sustainably through longer lasting energy storage. Using easy-to-source iron, salt, and water, ESS iron flow technology enables energy security, reliability and resilience. We build flexible storage solutions that allow our customers to meet increasing energy demand without power disruptions and maximize the value potential of excess energy. For more information visit www.essinc.com.

Cautionary Language on Forward-Looking Statements

This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company and other matters that involve substantial risks and uncertainties. These statements may discuss the management team’s goals, beliefs, hopes, intentions and expectations as to future plans, trends, events, results of operations and financial condition, or otherwise, based on current beliefs of the management of the Company, as well as assumptions made by, and information currently available to, the Company’s management. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would,” or, in each case, their negative or other variations or comparable terminology may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our business. Examples of forward-looking statements include, among others, statements pertaining to market opportunities for ESS’ products, pace of commercial activity, the timing for manufacturing and delivery for Project New Horizon, the timing of delivery commencing for the Company’s projects, ESS product development and manufacturing, and relationships with customers. These forward-looking statements are based on ESS’ current expectations and beliefs concerning future developments and their potential effects on ESS. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication. There can be no assurance that the future developments affecting ESS will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond ESS control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, barriers we face in our attempts to produce our energy storage products; our products being in the early stage of commercialization and aspects of our technology not having been fully field tested; our inability to develop our business and effectively commercialize our energy storage products; our dependence on third-party suppliers; delays in our manufacturing operations, our ability to control our costs and achieve our cost reduction strategy; our dependence on complex machinery; our ability to increase our production capacity; required maintenance being performed incorrectly or maintenance requirements exceeding our current expectations; our history of losses; failure to deliver the benefits offered by our technology; inability to achieve market acceptance of our products; our warranty obligations; our relationships with related parties; regulatory challenges; our ability to protect our intellectual property; and our ability to raise capital in the near future; general economic and market conditions as well as geopolitical developments and other risks and uncertainties described more fully in the section titled “Risk Factors” in the Company’s Quarterly Report on Form 10-K filed on March 5, 2026, and the Company’s other filings with the U.S. Securities and Exchange Commission. Except as required by law, ESS is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

More News From ESS, Inc.

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SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.59 per common share, payable July 15, 2026 to shareholders of record as of June 30, 2026.

About Essex Property Trust, Inc.

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (“REIT”) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 259 apartment communities comprising over 63,000 apartment homes with an additional property in active development. Additional information about the Company can be found on the Company’s website at www.essex.com.

More News From Essex Property Trust, Inc.

Back to Newsroom

Key Takeaways Essex Property Trust posted 2.9% same-property revenue growth and 4.1% NOI growth in Q1 2026.ESS benefits from low housing supply in its markets, with 2026 supply projected near 0.4% of stock.ESS has $1.7B liquidity, raised its dividend for a 32nd year, and repurchased $61.9M of shares. Shares of Essex Property Trust (ESS - Free Report) have gained 8.4% over the past three months against the industry's decline of 3.3%.

This residential REIT offers exposure to supply-constrained West Coast apartment markets where high homeownership costs support rental demand. Technology-enabled operating initiatives support cost control. A largely unencumbered portfolio lends financial flexibility for future growth endeavors, while share repurchases reinforce disciplined capital allocation.

Analysts seem bullish on this Zacks Rank #3 (Hold) company. The Zacks Consensus Estimate for its 2026 funds from operations (FFO) per share increased by 2 cents in the past week to $16.08.

Image Source: Zacks Investment Research

Factors Behind ESS’ Stock Price Surge: Will This Trend Last?Essex Property enjoys a West Coast-focused portfolio that benefits from high barriers to new housing and stretched homeownership affordability. In first-quarter 2026, same-property revenues grew 2.9% year over year, and same-property NOI rose 4.1%, supported by 96.5% financial occupancy. With permitting activity at historical lows in California and a total 2026 housing supply projected around 0.4% of stock across Essex markets, the demand and supply setup supports durable long-term rent growth.

Essex continues to invest in technology and operating initiatives to control costs and improve service. Its Property Collections model centralizes operations and has lifted the unit-to-staff ratio to 45:1 from 40:1 in 2019. Since 2021, controllable operating expense margins have outperformed peers by about 310 basis points, on average, supporting guidance for modest same-property expense growth in 2026.

Essex Property maintains a healthy balance sheet and enjoys financial flexibility. As of March 31, 2026, immediately available liquidity exceeded $1.7 billion, and net debt to adjusted EBITDAre was 5.5X. Interest coverage was reported at 509%, and unsecured debt ratio at 292%, while credit ratings remained Baa1/Stable and BBB+/Stable. Unencumbered NOI represented 93% of adjusted total NOI, supporting access to unsecured funding. With a solid liquidity position, manageable debt maturities and investment-grade ratings, the company is well-poised to ride on its growth curve.

Essex continues to pair a rising dividend with opportunistic repurchases, aiding shareholder returns. In first-quarter 2026, the company increased the dividend by 0.8% to an annual distribution of $10.36 per share, marking its 32nd consecutive annual increase. Essex’s year-to-date total repurchases through April 27, 2026 were $61.9 million at an average price of $243.76 per share. After these repurchases, the company had $240.8 million remaining under its $500 million authorization, providing flexibility alongside its development spending plans.

With the above-mentioned factors, we believe the rising trend in the stock is expected to continue in the near term.

Risks Likely to Affect ESS’ Positive TrendThe elevated supply of apartment units in some of the company’s markets is likely to fuel competition and curb pricing power. Essex Property’s significant concentration of assets in Southern California, Northern California and the Seattle metropolitan area makes the company’s operating results and financial conditions susceptible to any unfavorable fluctuations in local markets.

Stocks to ConsiderSome better-ranked stocks from the broader REIT sector are Invitation Home (INVH - Free Report) and W.P. Carey (WPC - Free Report) , each currently carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for INVH’s 2026 FFO per share stands at $1.95, indicating an increase of 2.1% from the year-ago reported figure.

The consensus estimate for WPC’s 2026 FFO per share is pinned at $5.26, suggesting year-over-year growth of 5.8%.

Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.

BELLEVUE, Wash.--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NYSE:EXPD) today announced first quarter 2026 financial results including the following comparisons to the same quarter of 2025:

Diluted Net Earnings Attributable to Shareholders per share (EPS1) increased 16% to $1.71 Net Earnings Attributable to Shareholders increased 13% to $230 million Operating Income increased 11% to $295 million Revenues increased 4% to $2.8 billion Airfreight tonnage increased 5% and ocean container volume decreased 4% Customs, Transcon, Distribution, and Order Management each achieved double-digit revenue growth Cash returned to shareholders in the form of share repurchases was $288 million Daniel R. Wall, President and Chief Executive Officer, commented:

“During a period marked by significant disruption in the final month of the quarter, we continued to demonstrate our ability to bring solutions to our customers. This quarter also demonstrates the resilience of our non-asset-based model, as we grew revenues and margins in most of our products and geographies. We relied heavily on the hard work of our people, especially those close to the conflict in the Middle East. We were well prepared for disruption and adapted quickly. As soon as hostilities began, we developed strategies and solutions for our customers to keep freight moving out of and around impacted areas. In periods of heightened disruption, our teams demonstrate their capabilities and advance our aspiration to be the world's most trusted and valued logistics provider. I want to thank our people for their dedication and focus during this challenging time.”

Q1 2026 Operational Highlights

Airfreight services: “Airfreight gross margins increased sequentially from the fourth quarter of 2025 on higher per-kilo profitability, from higher rates and a more stable balance between sell and buy pricing for the first two months of the quarter, as air capacity was less constrained until the conflict in the Middle East began. Airfreight tonnage increased from the first quarter of 2025 as demand from technology customers remained strong. We remained agile and focused on risk management while also managing buy and sell rates during this dynamic time.”

Ocean freight and ocean services: “As expected, the imbalance of global capacity versus demand, which we began to see in the latter half of 2025, continued to impact the ocean industry and led to a decline in our ocean revenues. The decline was due to decreases in both pricing and volume compared to Q1 of 2025. We were impacted by lower average profitability per-container and volume, primarily on exports from Asia. However, with favorable buy rates and disciplined cost control, we partially offset top-line pressure.”

Customs brokerage and other services: “Higher entry volumes and complexity, along with tariff-related activity, drove revenue increases in our customs brokerage business. In addition, disciplined cost control and pricing increases led to higher gross margins, both sequentially and year-over-year. Our other products within Customs brokerage and other services all generated double-digit growth and profitability from a diverse range of geographies and business sectors, driven foremost by demand from hyperscalers and other high-value technology customers. While we manage through the ongoing global uncertainty in the ocean marketplace, our growth and profitability are well balanced by the growth in these other products.

“Looking ahead, we expect the freight environment to remain highly unpredictable, as global events and macroeconomic concerns weigh on our customers and our industry. The air market may continue to face rapid shifts in capacity, routing, pricing, and possible fuel shortages, and we expect the ocean market to remain impacted by abundant capacity and weak pricing. At the same time, our pipeline of new business is strong and we expect continued robust demand for our customs brokerage services due to elevated tariff-driven complexity, tariff refund challenges, and dynamics in the global trade environment. We will continue to work closely with our customers and carrier partners to find solutions and deliver value, while aligning our resources to maximize profitability.”

David A. Hackett, Senior Vice President and Chief Financial Officer, added:

“With headcount sequentially flat versus the prior quarter, coupled with our revenue and margin growth, we meaningfully increased our productivity from the fourth quarter of 2025 as our operating efficiency achieved our 30% historical target. In 2025, we made strategic investments in headcount aimed at higher-growth opportunities, particularly in customs brokerage, as well as essential investments in technology, including artificial intelligence. We are starting to achieve benefits from these investments, which are helping to drive our productivity gains. For a second sequential quarter, operating expenses, excluding transportation-related costs, increased less than one percent compared to the fourth quarter of 2025.”

Mr. Hackett noted that the Company generated $309 million of cash from operations and returned $288 million to shareholders via share repurchases during the first quarter of 2026.

About Expeditors International of Washington, Inc:

Expeditors is a global logistics company headquartered in Bellevue, Washington. The Company employs trained professionals in 171 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions.

Disclaimer on Forward-Looking Statements:

Certain statements contained in this news release are “forward-looking statements,” based on management’s views with respect to future events and underlying assumptions that involve risks and uncertainties. These forward-looking statements include statements regarding the resilience of our non-asset-based model; strategies and solutions to keep customer freight moving out of and around impacted areas; our aspiration to be the most trusted and valued logistics company in the world; our disciplined cost control; a strong pipeline of new business and diverse areas of growth; robust demand for our customs brokerage services; our ability to work closely with our customers and carrier partners to find solutions and deliver value, while aligning our resources to maximize profitability; and our ability to achieve benefits from investments in technology, including artificial intelligence to help drive productivity gains. Future financial performance could differ materially because of factors such as: geopolitical uncertainty; national policy changes on tariffs and other similar measures; new capacity in the marketplace; longer ocean transit times; e-commerce demand in the air market; volatile rates; the price of fuel or fuel shortages; our ability to deliver differentiated performance because of our customer service culture and compensation model; our ability to continue to process an increasing number of more complex customs clearances; and our ability to remain a strong, healthy, unified and resilient organization. Port actions, other labor disruptions, tariffs, and the current uncertainty in the global economy could have the effect of heightening many of the other risks described in Item 1A of our Annual Report on Form 10-K, including, without limitation, those related to the success of our strategy and desire to maintain historical unitary profitability, our ability to attract and retain customers, our ability to manage costs, interruptions to our information technology systems, the ability of third-party providers to perform, and potential litigation and contingencies, including risks associated with tax audits, as updated by our reports on Form 10-Q, filed with the Securities and Exchange Commission. These and other factors are discussed in the Company’s regulatory filings with the Securities and Exchange Commission, including those in “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and the Company’s most recent Form 10-Q. The forward-looking statements contained in this news release speak only as of this date and the Company does not assume any obligation to update them except as required by law.

Expeditors International of Washington, Inc.

First Quarter 2026 Earnings Release, May 5, 2026

Financial Summary for three months ended March 31, 2026 and 2025 (Unaudited)

(in 000's of US dollars except share data)

Three months ended March 31,

2026

2025

% Change

Revenues

$

2,782,962

$

2,666,419

4

%

Directly related cost of transportation and other expenses 1

$

1,811,151

$

1,776,675

2

%

Salaries and other operating expenses 2

$

676,983

$

623,886

9

%

Operating income

$

294,828

$

265,858

11

%

Net earnings attributable to shareholders

$

229,610

$

203,795

13

%

Diluted earnings attributable to shareholders per share

$

1.71

$

1.47

16

%

Basic earnings attributable to shareholders per share

$

1.72

$

1.48

16

%

Diluted weighted average shares outstanding

134,076

138,435

Basic weighted average shares outstanding

133,543

137,833

  1Directly related cost of transportation and other expenses totals Operating Expenses from Airfreight services, Ocean freight and ocean services and Customs brokerage and other services as shown in the Condensed Consolidated Statements of Earnings.

2Salaries and other operating expenses totals Salaries and related, Rent and occupancy, Depreciation and amortization, Selling and promotion and Other as shown in the Condensed Consolidated Statements of Earnings.

During the three months ended March 31, 2026, we repurchased 2.0 million shares of common stock at an average price of $145.90. During the three months ended March 31, 2025, we repurchased 1.5 million shares of common stock at an average price of $117.29 per share.

Employee Full-time Equivalents as of March 31,

2026

2025

North America

7,524

7,098

Europe

4,204

3,935

North Asia

2,302

2,287

South Asia

2,041

1,833

Middle East, Africa and India

1,506

1,440

Latin America

892

829

Information Systems

1,498

1,358

Corporate

394

423

Total

20,361

19,203

First quarter year-over-year

percentage increase (decrease) in:

Airfreight

Ocean freight

2026

kilos

FEU

January

7

%

(2

)%

February

7

%

(7

)%

March

3

%

(4

)%

Quarter

5

%

(4

)%

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

  Condensed Consolidated Balance Sheets

(In thousands, except per share data)

(Unaudited)

March 31, 2026

December 31, 2025

Assets:

Current Assets:

Cash and cash equivalents

$

1,316,497

$

1,314,285

Accounts receivable, less allowance for credit loss of $7,133 at March 31, 2026 and $7,241 at December 31, 2025

2,056,808

2,021,889

Deferred contract costs

179,533

283,281

Other

99,228

136,167

Total current assets

3,652,066

3,755,622

Property and equipment, less accumulated depreciation and amortization of $657,248 at March 31, 2026 and $651,087 at December 31, 2025

457,185

462,122

Operating lease right-of-use assets

544,496

550,162

Goodwill

7,927

7,927

Deferred income tax asset, net

102,872

101,671

Other assets, net

17,134

16,134

Total assets

$

4,781,680

$

4,893,638

Liabilities:

Current Liabilities:

Accounts payable

$

1,143,919

$

1,123,429

Accrued expenses, primarily salaries and related costs

496,370

448,055

Contract liabilities

256,902

358,386

Current portion of operating lease liabilities

113,803

110,891

Federal, state and foreign income taxes payable

30,400

32,046

Total current liabilities

2,041,394

2,072,807

Noncurrent portion of operating lease liabilities

451,178

459,698

Deferred income tax liability, net

2,483

3,040

Shareholders’ Equity:

Common stock, par value $0.01 per share. Issued and outstanding: 132,024 shares at March 31, 2026 and 133,884 shares at December 31, 2025

1,320

1,339

Additional paid-in capital

—

—

Retained earnings

2,479,067

2,538,455

Accumulated other comprehensive loss

(196,017

)

(184,161

)

Total shareholders’ equity

2,284,370

2,355,633

Noncontrolling interest

2,255

2,460

Total equity

2,286,625

2,358,093

Total liabilities and equity

$

4,781,680

$

4,893,638

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

  Condensed Consolidated Statements of Earnings

(In thousands, except per share data)

(Unaudited)

Three months ended March 31,

2026

2025

Revenues:

Airfreight services

$

1,030,863

$

901,760

Ocean freight and ocean services

598,884

781,665

Customs brokerage and other services

1,153,215

982,994

Total revenues

2,782,962

2,666,419

Operating Expenses:

Airfreight services

769,483

648,494

Ocean freight and ocean services

416,021

573,901

Customs brokerage and other services

625,647

554,280

Salaries and related

499,571

457,937

Rent and occupancy

68,456

64,343

Depreciation and amortization

13,875

14,604

Selling and promotion

10,371

8,574

Other

84,710

78,428

Total operating expenses

2,488,134

2,400,561

Operating income

294,828

265,858

Other Income:

Interest income

8,640

9,184

Other, net

3,018

839

Other income, net

11,658

10,023

Earnings before income taxes

306,486

275,881

Income tax expense

76,442

71,782

Net earnings

230,044

204,099

Less net earnings attributable to the noncontrolling interest

434

304

Net earnings attributable to shareholders

$

229,610

$

203,795

Diluted earnings attributable to shareholders per share

$

1.71

$

1.47

Basic earnings attributable to shareholders per share

$

1.72

$

1.48

Weighted average diluted shares outstanding

134,076

138,435

Weighted average basic shares outstanding

133,543

137,833

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

  Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

Three months ended March 31,

2026

2025

Operating Activities:

Net earnings

$

230,044

$

204,099

Adjustments to reconcile net earnings to net cash from operating activities:

Provisions for losses on accounts receivable

800

761

Deferred income tax benefit

—

76

Stock compensation expense

12,823

11,549

Depreciation and amortization

13,875

14,604

Other, net

(3,645

)

2,291

Changes in operating assets and liabilities:

(Increase) decrease in accounts receivable

(49,513

)

108,149

Increase (decrease) in accounts payable and accrued liabilities

68,351

(18,419

)

Decrease in deferred contract costs

101,136

75,973

Decrease in contract liabilities

(98,589

)

(89,288

)

Increase in income taxes payable, net

38,583

30,340

(Increase) decrease in other, net

(4,631

)

2,487

Net cash from operating activities

309,234

342,622

Investing Activities:

Purchase of property and equipment

(12,612

)

(13,152

)

Other, net

130

156

Net cash from investing activities

(12,482

)

(12,996

)

Financing Activities:

Proceeds on borrowings on lines of credit, net

2,864

195

Proceeds from issuance of common stock

3,126

13,043

Repurchases of common stock

(287,624

)

(177,354

)

Payments for taxes related to net share settlement of equity awards

(7,544

)

(509

)

Distribution to noncontrolling interest

(650

)

(1,346

)

Net cash from financing activities

(289,828

)

(165,971

)

Effect of exchange rate changes on cash and cash equivalents

(4,712

)

6,545

Change in cash and cash equivalents

2,212

170,200

Cash and cash equivalents at beginning of period

1,314,285

1,148,320

Cash and cash equivalents at end of period

$

1,316,497

$

1,318,520

Taxes Paid:

Income taxes

$

35,517

$

40,624

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

Business Segment Information

(In thousands)

(Unaudited

MIDDLE

EAST,

OTHER

AFRICA

UNITED

NORTH

LATIN

NORTH

SOUTH

AND

ELIMI-

CONSOLI-

STATES

AMERICA

AMERICA

ASIA

ASIA

EUROPE

INDIA

NATIONS

DATED

For the three months ended March 31, 2026:

Revenues

$

954,577

129,634

58,995

602,916

423,176

448,874

167,158

(2,368

)

2,782,962

Directly related cost of transportation and other expenses1

$

491,134

81,293

33,542

481,724

324,245

282,069

118,772

(1,628

)

1,811,151

Salaries and related costs

$

282,169

22,992

11,392

36,988

31,677

93,654

20,699

—

499,571

Other operating expenses2

$

36,527

14,734

8,553

35,125

27,606

42,769

12,823

(725

)

177,412

Operating income

$

144,747

10,615

5,508

49,079

39,648

30,382

14,864

(15

)

294,828

Identifiable assets at period end

$

2,567,887

170,840

120,586

439,065

399,901

800,822

295,321

(12,742

)

4,781,680

Capital expenditures

$

7,568

251

149

800

1,038

2,099

707

—

12,612

Depreciation and amortization

$

7,253

500

246

1,342

828

2,915

791

—

13,875

Equity

$

1,456,421

47,210

42,610

257,768

161,247

244,451

175,389

(98,471

)

2,286,625

For the three months ended March 31, 2025:

Revenues

$

854,449

116,485

62,389

695,008

364,577

422,795

152,872

(2,156

)

2,666,419

Directly related cost of transportation and other expenses1

$

451,917

73,193

36,435

554,494

281,495

271,716

108,848

(1,423

)

1,776,675

Salaries and related costs

$

258,089

19,592

10,438

40,361

28,072

81,549

19,836

—

457,937

Other operating expenses2

$

22,548

14,828

9,914

37,746

23,285

43,359

15,028

(759

)

165,949

Operating income

$

121,895

8,872

5,602

62,407

31,725

26,171

9,160

26

265,858

Identifiable assets at period end

$

2,588,265

177,996

107,290

503,899

348,424

772,342

277,677

(19,243

)

4,756,650

Capital expenditures

$

8,407

226

225

505

874

1,156

1,759

—

13,152

Depreciation and amortization

$

8,938

497

251

1,056

570

2,646

646

—

14,604

Equity

$

1,481,145

50,613

46,120

273,084

145,611

169,589

164,036

(42,695

)

2,287,503

More News From Expeditors International of Washington, Inc.

For the quarter ended March 2026, Expeditors International (EXPD - Free Report) reported revenue of $2.78 billion, up 4.4% over the same period last year. EPS came in at $1.71, compared to $1.47 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $2.58 billion, representing a surprise of +8.02%. The company delivered an EPS surprise of +28.25%, with the consensus EPS estimate being $1.33.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Expeditors International performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenues- Airfreight services: $1.03 billion versus $925.41 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.3% change.Revenues- Ocean freight and ocean services: $598.88 million versus $585.66 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -23.4% change.Revenues- Customs brokerage and other services: $1.15 billion compared to the $1.06 billion average estimate based on four analysts. The reported number represents a change of +17.3% year over year.Net revenues- Airfreight services: $261.38 million versus $242.79 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.2% change.Net revenues- Customs brokerage and other services: $527.57 million versus the three-analyst average estimate of $479.31 million. The reported number represents a year-over-year change of +23.1%.Net revenues- Ocean freight and ocean services: $182.86 million compared to the $159.79 million average estimate based on three analysts. The reported number represents a change of -12% year over year.View all Key Company Metrics for Expeditors International here>>>

Shares of Expeditors International have returned -4% over the past month versus the Zacks S&P 500 composite's +9.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

-

BELLEVUE, Wash.--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NYSE:EXPD) today announced that on May 4, 2026 its Board of Directors declared a semi-annual cash dividend of $0.81 per share, payable on June 15, 2026 to shareholders of record as of June 1, 2026.

“Since 2024, we have returned nearly $2 billion to shareholders in dividends and share repurchases,” said David A. Hackett, Senior Vice President and Chief Financial Officer. "In addition, in February of this year our Board authorized a new share repurchase program that permits the repurchase of up to $3 billion of our common stock. With our history of being a dividend aristocrat, combined with this 5% dividend increase and our new $3 billion share repurchase program, we demonstrate our commitment to returning substantial cash to our shareholders.”

About Expeditors International of Washington, Inc:

Expeditors is a global logistics company headquartered in Bellevue, Washington. The Company employs trained professionals in 171 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions.

More News From Expeditors International of Washington, Inc.

Back to Newsroom

Expeditors International (EXPD - Free Report) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.

The upward trend in estimate revisions for this logistics services provider reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank.

The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.

Consensus earnings estimates for the next quarter and full year have moved considerably higher for Expeditors International, as there has been strong agreement among the covering analysts in raising estimates.

The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:

12 Month EPS

Current-Quarter Estimate RevisionsThe company is expected to earn $1.53 per share for the current quarter, which represents a year-over-year change of +14.2%.

Over the last 30 days, two estimates have moved higher for Expeditors International compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 6.51%.

Current-Year Estimate RevisionsFor the full year, the company is expected to earn $6.57 per share, representing a year-over-year change of +10.4%.

There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, six estimates have moved up for Expeditors International versus no negative revisions. This has pushed the consensus estimate 10.03% higher.

Favorable Zacks RankThanks to promising estimate revisions, Expeditors International currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.

Bottom LineExpeditors International shares have added 9.5% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects.

Expeditors International of Washington remains a Hold as Q1 2026 improved near-term results but left medium-term risks unresolved. Customs brokerage and airfreight segments showed strength, supporting near-term earnings, while ocean segment weakness persists due to structural overcapacity. EXPD trades at ~23x NTM PE, which appears unjustified given ongoing supply risks and lack of clear medium-term earnings visibility.

Key Takeaways Expeditors' stock surged 43.4% in the past year, outperforming the transportation-services industry.EXPD earnings estimates have moved higher, signaling growing confidence in its outlook.Expeditors posts consistent earnings beats and benefits from e-commerce-driven demand. Expeditors International of Washington, Inc. (EXPD - Free Report) performed well in the past year and has the potential to sustain the momentum in the future. If you have not taken advantage of its share price appreciation yet, it’s time to do so.

Against this backdrop, let’s look at the factors that make this stock an attractive pick.

What Makes EXPD an Attractive Pick?An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run over the past year. Shares of EXPD have gained 43.4% in the past year, outperforming the 0.3% increase of the transportation-services industry it belongs to.

EXPD’s Six-Month YTD Price Comparison Image Source: Zacks Investment Research

Solid Zacks Rank: EXPD presently sports a Zacks Rank #1 (Strong Buy). Our research shows that stocks with a Zacks Rank #1 or 2 (Buy) offer the best investment opportunities. Thus, the company is a compelling investment proposition at the moment.

Northward Estimate Revisions:The direction of estimate revisions serves as an important pointer when it comes to the price of a stock. The Zacks Consensus Estimate for second-quarter 2026 earnings has moved 7.59% north in the past 60 days. For the current year, the consensus mark for earnings has been revised 10.26% upward in the same time frame. The favorable estimate revisions indicate brokers’ confidence in the stock.

Image Source: Zacks Investment Research

Positive Earnings Surprise History: EXPD has an impressive earnings surprise history. The company’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average beat of 13.96%.

Image Source: Zacks Investment Research

Earnings Expectations: Earnings growth and stock price gains often indicate a company’s prospects. For second-quarter 2026, EXPD’s earnings are expected to improve 16.42% year over year. For 2026 and 2027, Expeditors’ earnings are expected to improve 11.93% and 2.02% year over year, respectively.

Growth Factors:E-commerce growth is a tailwind for Expeditors. E-commerce, which has gained importance, leads to greater demand for intermodal services – the long-haul movement of shipping containers from ship to rail and truck.E-commerce demand strength should continue to support growth of companies like Expeditors.

Expeditors' strong financial position supports its growth-by-acquisition strategy. The company’s efforts to reward its shareholders through dividend payments and share buybacks are commendable. Such moves instill investor confidence and positively impact the company's bottom line.

Other Stocks to ConsiderInvestors interested in the Zacks Transportation sector may consider ZTO Express (ZTO - Free Report) and International Seaways (INSW - Free Report) . 

ZTO Express currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

ZTO Express has an expected earnings growth rate of 15.15% for the current year. The Zacks Consensus Estimate for ZTO Express’ 2026 earnings has moved 6.1% north in the past 90 days. ZTO Express’ top line continues to benefit from the strong performance of the core express delivery services unit.

INSW currently sports a Zacks Rank #1.

INSW has an expected earnings growth rate of more than 100% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 33.93%.

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Expeditors International (EXPD - Free Report) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Expeditors International currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market? In order to see if EXPD is a promising momentum pick, let's examine some Momentum Style elements to see if this logistics services provider holds up.

Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For EXPD, shares are up 1.55% over the past week while the Zacks Transportation - Services industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 7.71% compares favorably with the industry's 2.97% performance as well.

While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Expeditors International have increased 16.19% over the past quarter, and have gained 44.73% in the last year. In comparison, the S&P 500 has only moved 8.98% and 24.27%, respectively.

Investors should also pay attention to EXPD's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. EXPD is currently averaging 1,138,817 shares for the last 20 days.

Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with EXPD.

Over the past two months, 7 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost EXPD's consensus estimate, increasing from $6.05 to $6.66 in the past 60 days. Looking at the next fiscal year, 7 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom LineTaking into account all of these elements, it should come as no surprise that EXPD is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Expeditors International on your short list.

Expeditors International of Washington, Inc. (EXPD) Discusses Changes and Key Trends in the U.S. and North American Trucking Market Prepared Remarks Transcript

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Lucid Group To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Lucid Group between February 25, 2026 and April 13, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - June 10, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Lucid Group, Inc. ("Lucid Group" or the "Company") (NASDAQ: LCID) and reminds investors of the July 28, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity; (2) the foregoing was likely to, and did, have a material negative impact on the Company's business and financial results; (3) accordingly, the Defendants had overstated the purported enhancements to Lucid's manufacturing and delivery capabilities and overall operations; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.

The truth began to emerge on April 3, 2026, when Lucid issued a press release "announcing its Q1 2026 production and delivery totals[.]" Lucid revealed that it had "produced 5,500 vehicles" during Q1 2026, while only "delivering 3,093 vehicles." The press release further disclosed that, "during the quarter, deliveries of the Lucid Gravity were disrupted for 29 days due to a supplier quality issue with the second-row seats" and, "[a]s a result of this, the company's ability to meet customer demand was impacted."

The same day, Reuters published an article entitled "Lucid misses first-quarter vehicle delivery estimates on supplier disruptions". The article provided additional color and comments from Defendant Marc Winterhoff ("Winterhoff"), the Company's Interim Chief Executive Officer, regarding Lucid's disappointing Q1 2026 delivery results-most notably that deliveries were particularly impacted over a month earlier in February 2026, when Lucid paused to reverse an unauthorized supplier change and inspect vehicles already produced.

The next trading day, April 6, 2026, 24/7 Wall St. published an article entitled "Lucid Faces Biggest Disaster Ever", which described the number of vehicles that Lucid delivered in Q1 2026 as "remarkably small", stating that Lucid "cannot sell fewer than 4,000 vehicles and even pretend this is sustainable."

Following the foregoing news and disclosures, Lucid's stock price fell $1.13 per share, or 11.35%, over the following two trading sessions, to close at $8.83 per share on April 7, 2026.

On April 14, 2026, Lucid filed a current report on Form 8-K with the United States Securities and Exchange Commission, reporting, inter alia, its preliminary Q1 2026 financial results, including revenue in the range of $280 million to $284 million-well below the consensus estimate of $433.8 million-and losses from operations in the range of $985 million to $1.005 billion. The same day, Lucid issued a press release revealing its plans for a $1.05 billion capital raise, including a $300 million public stock offering.

Following these disclosures, Lucid's stock price fell $0.44 per share, or 4.76%, to close at $8.80 per share on April 14, 2026.

Then, on May 5, 2026, Lucid issued a press release reporting its Q1 2026 financial results, including GAAP earnings per share of -$3.46, missing consensus estimates by $0.83, a net loss of over $1 billion, and revenue of $282.47 million, missing consensus estimates by $76.04 million. Defendant Winterhoff, as quoted in the press release, acknowledged that the previously disclosed "supplier issue . . . during the quarter had an impact," and the need to "align[] production and delivery with customer demand." Lucid's Chief Financial Officer, Defendant Taoufiq Boussaid, as quoted in the same press release, likewise acknowledged that "[w]e ended the quarter with elevated inventory that we expect to convert to revenue and cash as deliveries normalize[.]"

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Lucid Group's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Lucid Group class action, go to www.faruqilaw.com/LCID or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300755

Source: Faruqi & Faruqi LLP

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NEW YORK, June 10, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of Lucid Group, Inc. (NASDAQ: LCID) between February 25, 2026 and April 13, 2026, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 28, 2026.

SO WHAT: If you purchased Lucid securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Lucid class action, go to https://www.rosenlegal.com/cases/lucid-group-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 28, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity; (2) the foregoing was likely to, and did, have a material negative impact on Lucid’s business and financial results; (3) accordingly, the defendants had overstated the purported enhancements to Lucid’s manufacturing and delivery capabilities and overall operations; and (4) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Lucid class action, go to https://www.rosenlegal.com/cases/lucid-group-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

, /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Lucid Group, Inc. ("Lucid" or the "Company") (NASDAQ: LCID) have opportunity to lead the securities fraud class action lawsuit.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN LUCID GROUP, INC. (LCID), CLICK HERE BEFORE JULY 28, 2026 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

What Is The Lawsuit About? 
The complaint filed alleges that, between February 25, 2026 and April 13, 2026, Defendants failed to disclose to investors that: (1) a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity; (2) the foregoing was likely to, and did, have a material negative impact on the Company's business and financial results; (3) accordingly, the Defendants had overstated the purported enhancements to Lucid's manufacturing and delivery capabilities and overall operations; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More: 
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz,
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

SOURCE The Law Offices of Frank R. Cruz, Los Angeles

Lucid Group (LCID - Free Report) closed at $4.70 in the latest trading session, marking a -8.74% move from the prior day. The stock's change was less than the S&P 500's daily loss of 1.62%. On the other hand, the Dow registered a loss of 1.87%, and the technology-centric Nasdaq decreased by 1.98%.

The stock of an electric vehicle automaker has fallen by 14.31% in the past month, lagging the Auto-Tires-Trucks sector's loss of 4.7% and the S&P 500's loss of 0.03%.

The investment community will be closely monitoring the performance of Lucid Group in its forthcoming earnings report. In that report, analysts expect Lucid Group to post earnings of -$2.54 per share. This would mark year-over-year growth of 9.29%. Meanwhile, our latest consensus estimate is calling for revenue of $373.56 million, up 43.99% from the prior-year quarter.

LCID's full-year Zacks Consensus Estimates are calling for earnings of -$10.75 per share and revenue of $2.18 billion. These results would represent year-over-year changes of +11.08% and +60.83%, respectively.

Any recent changes to analyst estimates for Lucid Group should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Lucid Group is currently sporting a Zacks Rank of #4 (Sell).

The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 182, putting it in the bottom 26% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Lucid Group, Inc. ("Lucid" or the "Company") (NASDAQ: LCID) and certain officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 26-cv-05128, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Lucid securities between February 25, 2026 and April 13, 2026, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired Lucid securities during the Class Period, you have until July 28, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.  

[Click here for information about joining the class action]

Lucid is a technology company that designs, develops, manufactures, and sells electric vehicles, EV powertrains, and battery systems.  The Company's products include, inter alia, the "Lucid Air" sedan and "Lucid Gravity" sport utility vehicle.

At all relevant times, Defendants touted purported enhancements to Lucid's manufacturing and delivery capabilities and overall operations.  In particular, beginning in late-February 2026, Defendants represented that, in fiscal year ("FY") 2025, they had implemented sustainable improvements in these areas, including with respect to the production and ramp-up of deliveries of the Lucid Gravity.  Defendants likewise asserted that these improvements would lead to profitable growth and performance efficiencies in FY 2026.  Unbeknownst to investors, however, Lucid's performance was materially hampered by significant supplier and delivery issues in February 2026, putting the Company on track for dismal, rather than improved, performance in its first quarter ("Q1") of 2026.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i)  a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity; (ii) the foregoing was likely to, and did, have a material negative impact on the Company's business and financial results; (iii) accordingly, the Defendants had overstated the purported enhancements to Lucid's manufacturing and delivery capabilities and overall operations; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.

The truth began to emerge on April 3, 2026, when Lucid issued a press release "announc[ing its Q1 2026] production and delivery totals[.]"  Lucid revealed that it had "produced 5,500 vehicles" during Q1 2026, while only "deliver[ing] 3,093 vehicles."  The press release further disclosed that, "[d]uring the quarter, deliveries of the Lucid Gravity were disrupted for 29 days due to a supplier quality issue with the second-row seats" and, "[a]s a result of this, the company's ability to meet customer demand was impacted."

The same day, Reuters published an article entitled "Lucid misses first-quarter vehicle delivery estimates on supplier disruptions".  The article provided additional color and comments from Defendant Marc Winterhoff ("Winterhoff"), the Company's Interim Chief Executive Officer ("CEO"), regarding Lucid's disappointing Q1 2026 delivery results—most notably that deliveries were particularly impacted over a month earlier in February 2026, when Lucid paused to reverse an unauthorized supplier change and inspect vehicles already produced.

The next trading day, April 6, 2026, 24/7 Wall St. published an article entitled "Lucid Faces Biggest Disaster Ever", which described the number of vehicles that Lucid delivered in Q1 2026 as "remarkably small", stating that Lucid "cannot sell fewer than 4,000 vehicles and even pretend this is sustainable." 

Following the foregoing news and disclosures, Lucid's stock price fell $1.13 per share, or 11.35%, over the following two trading sessions, to close at $8.83 per share on April 7, 2026.

On April 14, 2026, Lucid filed a current report on Form 8-K with the United States Securities and Exchange Commission ("U.S."), reporting, inter alia, its preliminary Q1 2026 financial results, including revenue in the range of $280 million to $284 million—well below the consensus estimate of $433.8 million—and losses from operations in the range of $985 million to $1.005 billion.

The same day, Lucid issued a press release revealing its plans for a $1.05 billion capital raise, including a $300 million public stock offering.

Following these disclosures, Lucid's stock price fell $0.44 per share, or 4.76%, to close at $8.80 per share on April 14, 2026.

Then, on May 5, 2026, Lucid issued a press release reporting its Q1 2026 financial results, including GAAP earnings per share of -$3.46, missing consensus estimates by $0.83, a net loss of over $1 billion, and revenue of $282.47 million, missing consensus estimates by $76.04 million.  Defendant Winterhoff, as quoted in the press release, acknowledged that the previously disclosed "supplier issue . . . during the quarter had an impact," and the need to "align[] production and delivery with customer demand."  Lucid's Chief Financial Officer, Defendant Taoufiq Boussaid, as quoted in the same press release, likewise acknowledged that "[w]e ended the quarter with elevated inventory that we expect to convert to revenue and cash as deliveries normalize[.]"

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

Lucid Group shares are climbing with conviction. What’s driving LCID stock higher? What Is Driving Lucid’s Stock Movement?Lucid is still trading as a macro-and-positioning story, with the stock recently fading a would-be technical bounce near $5.00 and then snapping back as the tape improved Thursday afternoon.

The macro backdrop has stayed rate-sensitive after April's CPI printed 3.8%, a setup that can keep pressure on cash-burning EV stories when rate-cut hopes get pushed out. Traders were also braced for another inflation test with the Nasdaq-100 down almost 2% in a recent risk-off bout, which helps explain why bounces near $5.00 have been treated as tactical rather than durable.

Lucid's "is the bottom in?" debate remains tied to whether buyers can defend the $5.00 area after a steep 12-month drawdown and a swing low in May. That setup is why traders keep treating any strength as a technical trade until the stock can build follow-through above nearby trend gauges.

Lucid Stock: Key Technical Levels To WatchEven with Thursday's lift, Lucid is still in a firmly bearish long-term structure: it's trading 15.8% below its 20-day SMA ($5.85) and 60.9% below its 200-day SMA ($12.59), with the 20-day below the 50-day and the 50-day below the 200-day. That moving-average stack usually means rallies run into overhead supply quickly, so bulls typically need to reclaim short-term averages before the chart stops looking like "bounce-only."

Momentum is the more urgent story right now, and Relative Strength Index (RSI) is the cleanest lens: at 28.51, it's oversold, which tells you selling pressure has been stretched and bounces can happen fast even inside downtrends. MACD is still below its signal line, a reminder that upside pressure hasn't fully reasserted itself yet.

Key turning points also fit the "downtrend with sharp counter-rallies" profile, with a swing high in March followed by a swing low in May and the 52-week low tagged in June. From here, traders often treat the $5.00 area as the immediate line in the sand, while the first real "prove it" test is whether price can get back above the short-term moving averages.

–Key Resistance: $5.96 — the 20-day SMA is the nearest line that often caps rebound attempts in downtrends Key Support: $5.00 — a round-number level tied to the 52-week low zone as the closest downside reference What Is Lucid Group’s Business Model?Lucid Group is a technology and automotive company focused on developing next-generation EV technologies, with a strategy built around in-house hardware and software, vertical integration, and clean-sheet vehicle engineering. It sells direct-to-consumer through online channels and a geographically distributed retail and service footprint.

The company's flagship product is the Lucid Air, positioned as a luxury sedan aimed at redefining the high-end EV segment. That premium EV positioning can make the stock especially sensitive to rate expectations and risk appetite, so when the market flips back into "risk-on," LCID can bounce hard, but when the tape turns defensive, the stock often struggles.

Lucid Stock Price Movement on ThursdayLCID Stock Price Activity: Lucid Group shares were up 5.11% at $4.94 at the time of publication on Thursday, according to Benzinga Pro data.

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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Lucid Group To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Lucid Group between February 25, 2026 and April 13, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - June 11, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Lucid Group, Inc. ("Lucid Group" or the "Company") (NASDAQ: LCID) and reminds investors of the July 28, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity; (2) the foregoing was likely to, and did, have a material negative impact on the Company's business and financial results; (3) accordingly, the Defendants had overstated the purported enhancements to Lucid's manufacturing and delivery capabilities and overall operations; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.

The truth began to emerge on April 3, 2026, when Lucid issued a press release "announcing its Q1 2026 production and delivery totals[.]" Lucid revealed that it had "produced 5,500 vehicles" during Q1 2026, while only "delivering 3,093 vehicles." The press release further disclosed that, "during the quarter, deliveries of the Lucid Gravity were disrupted for 29 days due to a supplier quality issue with the second-row seats" and, "[a]s a result of this, the company's ability to meet customer demand was impacted."

The same day, Reuters published an article entitled "Lucid misses first-quarter vehicle delivery estimates on supplier disruptions". The article provided additional color and comments from Defendant Marc Winterhoff ("Winterhoff"), the Company's Interim Chief Executive Officer, regarding Lucid's disappointing Q1 2026 delivery results-most notably that deliveries were particularly impacted over a month earlier in February 2026, when Lucid paused to reverse an unauthorized supplier change and inspect vehicles already produced.

The next trading day, April 6, 2026, 24/7 Wall St. published an article entitled "Lucid Faces Biggest Disaster Ever", which described the number of vehicles that Lucid delivered in Q1 2026 as "remarkably small", stating that Lucid "cannot sell fewer than 4,000 vehicles and even pretend this is sustainable."

Following the foregoing news and disclosures, Lucid's stock price fell $1.13 per share, or 11.35%, over the following two trading sessions, to close at $8.83 per share on April 7, 2026.

On April 14, 2026, Lucid filed a current report on Form 8-K with the United States Securities and Exchange Commission, reporting, inter alia, its preliminary Q1 2026 financial results, including revenue in the range of $280 million to $284 million-well below the consensus estimate of $433.8 million-and losses from operations in the range of $985 million to $1.005 billion. The same day, Lucid issued a press release revealing its plans for a $1.05 billion capital raise, including a $300 million public stock offering.

Following these disclosures, Lucid's stock price fell $0.44 per share, or 4.76%, to close at $8.80 per share on April 14, 2026.

Then, on May 5, 2026, Lucid issued a press release reporting its Q1 2026 financial results, including GAAP earnings per share of -$3.46, missing consensus estimates by $0.83, a net loss of over $1 billion, and revenue of $282.47 million, missing consensus estimates by $76.04 million. Defendant Winterhoff, as quoted in the press release, acknowledged that the previously disclosed "supplier issue . . . during the quarter had an impact," and the need to "align[] production and delivery with customer demand." Lucid's Chief Financial Officer, Defendant Taoufiq Boussaid, as quoted in the same press release, likewise acknowledged that "[w]e ended the quarter with elevated inventory that we expect to convert to revenue and cash as deliveries normalize[.]"

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Lucid Group's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Lucid Group class action, go to www.faruqilaw.com/LCID or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300913

Source: Faruqi & Faruqi LLP

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NEW YORK, June 12, 2026 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities fraud class action has been filed on behalf of investors who purchased or acquired shares of Lucid Group, Inc. (NASDAQ: LCID or the “Company”) between February 25, 2026 and April 13, 2026.

Investors seeking to serve as lead plaintiff must file a motion by July 28, 2026.

PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION

Allegations

The lawsuit centers on disclosures concerning production, deliveries, financial performance, and operational issues:

Production and delivery problems On April 3, 2026, Lucid reported producing 5,500 vehicles but delivering only 3,093 vehicles.The company stated that deliveries of the Lucid Gravity were disrupted for 29 days because of a supplier-quality issue involving second-row seats, which affected its ability to meet customer demand. Stock-price decline after delivery disclosures Following reports about the delivery shortfall and related supplier issues, Lucid's stock fell approximately 11.35% over two trading days, closing at $8.83 on April 7, 2026. Weak preliminary financial results On April 14, 2026, Lucid disclosed preliminary first-quarter revenue of $280–$284 million, well below analyst expectations of $433.8 million, along with operating losses approaching $1 billion.The company also announced plans to raise approximately $1.05 billion in capital, including a public stock offering. The stock declined another 4.76% on the news. Final first-quarter results On May 5, 2026, Lucid reported a GAAP loss of $3.46 per share, a net loss exceeding $1 billion, and revenue of $282.47 million, all below expectations.Management acknowledged that the supplier issue negatively affected results and that inventory levels were elevated.The stock fell another 7.47% over two trading days, closing at $6.19 on May 6, 2026. Investor Takeaway

The lawsuit alleges that investors were harmed when the market learned the extent of Lucid's production disruptions, delivery shortfalls, financial underperformance, and need for additional capital, leading to significant stock-price declines.

Investors who purchased Lucid shares during the class period and suffered losses may be eligible to participate in the case, with the lead-plaintiff deadline set for July 28, 2026.

WHY WOLF HALDENSTEIN?

This illustrious firm, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The law firm brings to the fore over 125 years of legal expertise in securities litigation and has a proven track record of protecting the rights of investors.

We encourage all investors who have been affected or have information that will assist in our investigation, to contact Wolf Haldenstein Adler Freeman & Herz LLP.

There is no cost or obligation to speak with an attorney.

Contact:

Phone: (800) 575-0735 or (212) 545-4774Email: [email protected] Person: Gregory Stone, Director of Case and Financial Analysis
Firm Website: Wolf Haldenstein Adler Freeman & Herz LLP

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Philadelphia, Pennsylvania--(Newsfile Corp. - June 12, 2026) - National plaintiffs' law firm Berger Montague PC announces a class action lawsuit against Lucid Group, Inc. (NASDAQ: LCID) ("Lucid" or the "Company") on behalf of investors who purchased or acquired Lucid common stock during the period from February 25, 2026 through April 13, 2026 (the "Class Period").

Investor Deadline: Investors who purchased or acquired Lucid common stock during the Class Period may, no later than July 28, 2026, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE.

The Company, headquartered in Newark, Calif., is an electric-vehicle maker that develops its own EV powertrains and battery systems and currently sells the Lucid Air sedan and the Lucid Gravity SUV.

The complaint alleges that Defendants failed to disclose that: (i) a vendor-supplied component defect - later identified as a problem with the Lucid Gravity's second-row seats - was already curtailing deliveries of the model, including a February 2026 stoppage in which Lucid unwound an unauthorized supplier change and re-checked cars it had already built; and (ii) Defendants had accordingly painted an overly favorable picture of Lucid's manufacturing, delivery, and operational performance, leaving the Company headed for a far weaker first quarter than investors were led to expect.

A series of disclosures in April and May 2026 revealed a supplier quality issue that had significantly impacted the delivery of Lucid's SUV, the Gravity, since February. When the share price reacted negatively to the news, investors suffered heavy losses.

If you are a Lucid investor and would like to learn more about this action, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Caitlin Adorni at [email protected] or (267) 764-4865.

About Berger Montague
Berger Montague is one of the nation's preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301247

Source: Berger Montague

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, /PRNewswire/ -- The Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Lucid Group, Inc. ("Lucid" or the "Company") (NASDAQ: LCID).

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN LUCID GROUP, INC. (LCID), CONTACT THE LAW OFFICES OF HOWARD G. SMITH BEFORE JULY 28, 2026 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Is The Lawsuit About?
The complaint filed alleges that, between February 25, 2026 and April 13, 2026, Defendants failed to disclose to investors that: (1) a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity; (2) the foregoing was likely to, and did, have a material negative impact on the Company's business and financial results; (3) accordingly, the Defendants had overstated the purported enhancements to Lucid's manufacturing and delivery capabilities and overall operations; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:  
If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact:
Howard G. Smith, Esq.,
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Call us at: (215) 638-4847
Email us at: [email protected],
Visit our website at: www.howardsmithlaw.com.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
[email protected]
www.howardsmithlaw.com

SOURCE Law Offices of Howard G. Smith

ZoomInfo Technologies Inc. (GTM) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

ZoomInfo Technologies guided investors to expect $1.247-$1.267 billion in FY 2026 revenue. The company then cut that figure by up to $62 million -- and the stock lost more than a third of its value by the time the market opened.

, /PRNewswire/ -- Shareholders who held ZoomInfo Technologies (NASDAQ: GTM) lost more than 33% of their investment value when the stock collapsed after the company slashed its full-year 2026 revenue guidance to $1.185-$1.205 billion -- a reduction of up to $62 million from the prior range of $1.247-$1.267 billion. Those who lost money on GTM are encouraged to submit their information to discuss their legal rights . You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

The guidance cut was disclosed alongside Q1 2026 earnings results. While quarterly revenue of $310.2 million the top line of ZoomInfo's own estimates of $306 million to $309 million, the full-year revision overshadowed the beat. Analyst firms responded immediately: several price targets were reduced and multiple brokerages downgraded GTM from Buy to Hold within 24 hours of the announcement.

Prior to the revision, management had repeatedly characterized its guidance trajectory as positive. On the Q4 2025 earnings call on February 9, 2026, CFO Graham O'Brien told investors that results were "all above the guidance ranges we provided at the beginning of the year and, again, above our updated guidance as we beat and raise throughout the year."

If you purchased ZoomInfo Technologies shares and suffered a loss, click here to get more information about the investigation . You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

ABOUT THE FIRM -- For over two decades, Levi & Korsinsky has represented shareholders in securities investigations and actions. Ranked in ISS Top 50 for seven consecutive years.

Frequently Asked Questions About the GTM Investigation

Q: Who is eligible to participate in the GTM investigation? A: Investors who purchased GTM stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.

Q: How much did GTM stock drop? A: Shares fell approximately 33% at open following the Company's disclosure of full-year revenue and income cuts. Investors who purchased shares at higher prices may be entitled to recovery.

Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether ZoomInfo Technologies made materially false or misleading statements regarding its revenue outlook and the trajectory of its full-year guidance. When the revised guidance was disclosed, the stock price declined sharply.

Q: What do GTM investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible to participate in the investigation.

Q: What if I already sold my GTM shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought GTM and sold at a loss may still participate in the investigation.

Q: What does it cost me to participate? A: Nothing. Securities investigations are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.

Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171

SOURCE Levi & Korsinsky, LLP

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