Rivian announced preliminary second quarter results, forecasting total revenue in the range of $1.55 billion to $1.65 billion. The company also reported an increase in its cash, cash equivalents, and short-term investments balance to an estimated $5.3 billion.
Key Highlights
- Second quarter revenue is estimated to be between $1.55 billion and $1.65 billion, representing 23% year-over-year growth at the midpoint compared to $1.30 billion in the prior year.
- The company's cash, cash equivalents, and short-term investments balance grew to an estimated $5.3 billion as of June 30, 2026, an increase from $4.8 billion at the end of the first quarter.
- Revenue growth was attributed to an increase in vehicle deliveries, partially offset by lower average selling prices due to a higher mix of commercial vans.