Rivian reports Q2 2026 revenue up 27% to $1.66B, turns gross profit positive, begins R2 deliveries

Filed July 30, 2026 · Period ending July 30, 2026 · ~2 min read

Key Changes

• high

  Q2 2026 revenue rose 27% YoY to $1.658B on 14% higher deliveries, $108M regulatory credits, and strong software/services. Gross profit turned positive at $179M vs. $(206)M loss a year earlier; automotive gross loss narrowed to $(36)M from $(335)M.

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• high

  Began external R2 deliveries June 9, 2026. Production ramp incurred ~$100M incremental costs in Q2; company expects R2 to drive long-term growth and profitability as it scales to two shifts by end of Q3 2026.

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• high

  Raised 2026 guidance: deliveries up 3,000 units to 65,000–70,000; adjusted EBITDA improved $50M at midpoint to $(2.00)B–$(1.80)B on regulatory credits and volume, offset by higher raw material/logistics costs; capex reduced $250M to $1.70B–$1.80B.

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