Rivian Automotive NASDAQ:RIVN rose 13.39% intraday after the electric vehicle maker reported Q2 2026 deliveries of 12,194 vehicles, topping its own guidance range of 9,000 to 11,000. Production came in at 12,613 vehicles over the same period at its Normal, Illinois facility. The beat was driven by growth in EDV commercial vans and R1 consumer vehicles, alongside the introduction of first deliveries of the R2, a lower-priced model Rivian has been developing to expand its addressable market beyond the premium segment.
On the back of the Q2 outperformance and its production and delivery expectations for the second half, Rivian raised its full-year 2026 delivery guidance to 65,000-70,000 vehicles from a prior range of 62,000-67,000. The midpoint of the new range implies roughly 4.5% more deliveries than the midpoint of the prior guidance. R2 deliveries add a new variable to the second-half outlook and how quickly the ramp scales will determine whether Rivian ends the year toward the top or bottom of the revised range.
Full Q2 financial results are scheduled for July 30 after market close, when investors will get margin and cash burn data to set alongside the delivery numbers.