Rivian Automotive 2026: Revenue $1.66B, EPS ($0.63) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Rivian Automotive reported Q2 2026 results with revenue rising 27.2% to $1.66B and net loss narrowing to $833M from $1.12B year-ago. Diluted EPS improved to ($0.63) from ($0.97). Growth was driven by higher vehicle deliveries, including R2 launches, and software services. Operational efficiencies and cost controls aided performance despite mix shifts toward lower ASP commercial vans and R2 vehicles.
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
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $1.66B | $1.3B | 27.2% |
| 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: Rivian Automotive, Inc. / DE [ RIVN ] - 10-Q - Jul. 30, 2026