Rivian's second quarter revenue grew 27% to $1.7B as the company achieved positive gross profit and raised its full-year guidance.

Rivian reported second quarter 2026 revenue of $1.66 billion and a net loss per share of $0.63, beating analyst expectations for both revenue and earnings. The company delivered 12,194 vehicles during the quarter, slightly ahead of its pre-announced figure, and began external deliveries of its new R2 SUV.

Key Highlights

• Achieved consolidated gross profit of $179 million, a significant improvement from a gross loss of $206 million in the prior-year quarter, marking a key milestone on the path to profitability.
• Automotive segment gross loss narrowed to $36 million from a loss of $335 million a year ago, though the figure was impacted by an estimated $100 million in incremental costs from the R2 production ramp.
• Raised full-year 2026 vehicle delivery guidance to a range of 65,000 to 70,000 units and improved its Adjusted EBITDA outlook to a loss between $1.8 billion and $2.0 billion.
• The company began external customer deliveries of its R2 model on June 9, a critical step in expanding its market reach to a broader audience.