---
title: "Rivian Stock Jumps After Q2 Double Beat, R2 Deliveries Begin"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294510518.md"
description: "Rivian shares surged after reporting Q2 results that beat consensus estimates, with revenue reaching $1.65 billion and losses narrowing. The company began external deliveries of its R2 SUV, sparking optimism for long-term growth. Rivian ended the quarter with $5.3 billion in cash and reported a 27% year-over-year revenue increase driven by higher delivery volumes and strong software performance."
datetime: "2026-07-31T11:52:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294510518.md)
  - [en](https://longbridge.com/en/news/294510518.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294510518.md)
---

# Rivian Stock Jumps After Q2 Double Beat, R2 Deliveries Begin

**Rivian Automotive Inc.** (NASDAQ:RIVN) shares are trading higher Friday after the company reported second-quarter results on Thursday after the market closed.

-   Rivian Automotive stock is surging to new heights today. Why are RIVN shares rallying?

## **Q2 Loss Narrows On Strong Revenue Growth**

Rivian reported a loss per share of 63 cents, beating the consensus estimate of 74 cents loss. In addition, it reported revenue of $1.65 billion, beating the consensus estimate of $1.50 billion.

Consolidated revenue rose 27% year-over-year, driven by a 14% increase in delivery volumes and strong performance from the company’s software and services segment. Gross profit came in at $179 million, a $385 million improvement over the same quarter last year. Net loss attributable to common stockholders narrowed to $837 million from $1.115 billion in the prior-year period.

## R2 SUV Rollout Sparks Optimism Despite Ongoing Losses

Rivian began external deliveries of its R2 SUV on June 9 and hosted more than 57,000 demo drives during the quarter, a company record. The company ended the quarter with approximately $5.3 billion in cash, cash equivalents, and short-term investments.

“This quarter we began external deliveries of R2. I believe R2 will be a game changer for our customers and a driver of Rivian’s long-term growth and profitability,” said **RJ Scaringe**, Rivian Founder and CEO.

**Read Also: Stock Market Today: S&P 500, Dow Jones Futures Rise After Cooler June PCE Inflation Data—Apple, Amazon, Coinbase in Focus**

## Rivian Shares Edge Higher

**RIVN Price Action:** At the time of publication, Rivian shares are trading 3.15% higher at $17.36, according to data from Benzinga Pro.

_Image via Shutterstock_

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