Rivian ramps up R2 push as Q2 revenue climbs 27%
TL;DR Summary
Rivian posted Q2 2026 revenue of $1.66B, up 27% year over year, with a record $179M gross profit led by software/services and VW JV; automotive gross profit was negative $36M as the R2 ramp continues. R2 deliveries began June 9, with 12,613 produced and 12,194 delivered. The company raised full-year guidance to 65,000–70,000 vehicles, narrowed adjusted EBITDA loss to $1.8–2.0B, and signaled about $14B of available future capital, suggesting auto-margin improvement in H2.
- Rivian (RIVN) Q2 2026 earnings: revenue up 27%, gross margins soaring Electrek
- Rivian reduces 2026 spending plans, narrows earnings guidance CNBC
- Rivian Sales Rise as New EV Model Is Launched WSJ
- Rivian Narrows Loss While Rolling Out Lower-Cost Electric Model Bloomberg.com
- Rivian R2 production ramp, profit path key for investors: Q2 preview finance.yahoo.com
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