Rivian Automotive, Inc. (RIVN) reported a second-quarter 2026 loss of 47 cents per share, which was better than the expected loss of 65 cents. Revenue rose 27% year-over-year to $1.66 billion, surpassing expectations by 4.3%. The company produced 12,613 vehicles during the quarter and delivered 12,194 units, exceeding management’s forecast of 9,000-11,000, driven by growth in electric vans and the new R2 model.
Rivian’s software and services revenue grew 37% to $515 million, with a gross profit margin of 42%. Automotive revenues increased 23% to $1.14 billion, narrowing the automotive gross loss from $335 million to $36 million. Rivian also holds significant liquidity with $5.31 billion in cash and intends to deliver 65,000-70,000 vehicles across 2026, raising its delivery outlook by 3,000 units.
For the second half of 2026, Rivian anticipates deliveries of approximately 42,400-47,400 vehicles, with an adjusted EBITDA loss expected between $1.8 billion and $2 billion. Capital expenditures have been trimmed to a range of $1.7-$1.8 billion, reflecting improved operational efficiencies.
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