Rivian Delivers $1.66B in Q2 Revenue, Lifts Delivery and Profit Outlook
RIVN sits 46% above its 52-week low of $11.57.
Summary
Rivian posted Q2 2026 revenue of $1.66 billion, up 27%, and achieved a gross profit of $179 million. Full-year delivery guidance was raised, and the outlook for Adjusted EBITDA and capital expenditures improved.
Key Events · Earnings and Guidance · RIVN
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Q2 Revenue Surges 27% to $1.66B
Revenue reached $1.658 billion, fueled by a 14% increase in deliveries, $108 million in regulatory credits, and strong performance in software and services.
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Gross Profit Turns Positive at $179M
Consolidated gross profit swung from a $206 million loss a year ago to a $179 million gain. The automotive gross loss narrowed to $36 million, while software and services gross profit hit $215 million, reflecting a 42% margin.
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Full-Year Guidance Raised Across the Board
The delivery outlook increased to 65,000–70,000 units. Adjusted EBITDA guidance improved by $50 million at the midpoint to a range of -$2.00B to -$1.80B, and capex was reduced by $250 million at the midpoint to $1.70B–$1.80B.
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R2 Deliveries Begin, Expanding Addressable Market
External deliveries of the R2 mid-size SUV started on June 9, 2026, backed by strong media reviews and a record 57,000+ demo drives in Q2, positioning the company for volume growth.
Analysis · RIVN · Manufacturing
A strong second quarter saw revenue climb 27% year-over-year to $1.66 billion, while gross profit swung to a positive $179 million. The company raised its full-year delivery target by 3,000 units and improved both its Adjusted EBITDA and capex guidance, signaling operational momentum that exceeded expectations. With the start of R2 deliveries and robust growth in software and services, the path toward profitability is coming into focus, supported by a pro-forma liquidity position of $7.2 billion.
At the time of this filing, RIVN was trading at $16.85 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $24.4B. The 52-week trading range was $11.57 to $22.69. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.