Quarterly ResultJul 30, 2026, 04:08 PM
Rivian Q2 Revenue $1.66B, Gross Profit $179M; R2 Deliveries Begin
AI Summary
Rivian Automotive, Inc. announced its second quarter 2026 financial results, reporting a 27% year-over-year revenue increase to $1.658 billion and achieving a positive gross profit of $179 million. The company also began external deliveries of its R2 vehicle and narrowed its net loss and adjusted EBITDA. Rivian updated its 2026 annual guidance, increasing delivery projections and improving its Adjusted EBITDA outlook, while also securing significant liquidity through a follow-on equity offering and anticipated investments from Volkswagen Group and Uber.
Key Highlights
- Began external deliveries of the R2 vehicle on June 9, 2026.
- Reported Q2 revenue of $1.658 billion, a 27% increase year-over-year.
- Achieved a positive gross profit of $179 million, a $385 million improvement from Q2 2025.
- Net loss attributable to common stockholders narrowed to $(837) million.
- Adjusted EBITDA improved to $(379) million from $(667) million in Q2 2025.
- Updated 2026 annual delivery guidance to 65,000-70,000 vehicles, an increase of 3,000 units.
- Improved 2026 Adjusted EBITDA guidance by $50 million at the mid-point.
- Ended the quarter with $5.310 billion in cash, cash equivalents, and short-term investments.
Price Impact
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