Rivian Automotive reported 2026 quarter results with revenue rising to $1.66B and a narrower loss per share; the company posted a net loss of ($833M) compared with ($1.12B) a year earlier as vehicle deliveries and services supported higher top-line performance.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$1.66B$1.3B27.2% | Net income²($833M)($1.12B)25.4% | Diluted EPS³($0.63)($0.97)35.1% |
¹ Reported as “Total revenues (Note 3)”. ² Reported as “Net loss attributable to common stockholders, basic and diluted”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Revenue growth was driven by increases in Automotive and Software & Services, supported by higher deliveries and joint-venture services.
- Deliveries rose about 14% sequentially as R2 launches progressed; R2 began deliveries in Q2 2026 and production increased notably during the quarter.
- Mix shifted toward commercial vans and R2 vehicles, which lowered average selling price but helped improve conversion costs.
- Product and brand momentum included the R2 launch, an expanded Autonomy+ paid offering, and progress on a Volkswagen JV that broadened the ecosystem.
- Operational efficiency efforts — including normal factory capacity upgrades, a supplier park, and tariff refunds — aided cost control despite ramp-related impacts from R2.
Original SEC Filing:
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