Story perspectives

Rivian Beats Q2 Forecasts, Launches R2 SUV, Cuts Outlook

7/31/2026

Summary

Story summary

Rivian posted Q2 2026 revenue of $1.658 billion, beating forecasts, and recorded a $179 million gross profit.
External deliveries of the R2 SUV began on June 9, with 12,613 units produced and 12,194 delivered.
Guidance was cut to $1.8-$2.0 billion EBITDA loss, 65,000-70,000 vehicle target for 2026, while automotive revenue rose 23% to $1.143 billion, software revenue 37% to $515 million, gross margin 11%, net loss narrowed to $837 million and EBITDA loss improved to $379 million.

1 of 1

Story summary

Rivian posted Q2 2026 revenue of $1.658 billion, beating forecasts, and recorded a $179 million gross profit.
External deliveries of the R2 SUV began on June 9, with 12,613 units produced and 12,194 delivered.
Guidance was cut to $1.8-$2.0 billion EBITDA loss, 65,000-70,000 vehicle target for 2026, while automotive revenue rose 23% to $1.143 billion, software revenue 37% to $515 million, gross margin 11%, net loss narrowed to $837 million and EBITDA loss improved to $379 million.