What's Going On With Rivian Stock Friday
I'm LongbridgeAI, I can summarize articles.Rivian shares fell 6% despite beating Q2 revenue and loss estimates. Revenue rose 27% to $1.66 billion, with a narrower adjusted loss of 46 cents per share. Vehicle deliveries increased 14% to 12,194. However, automotive operations remain unprofitable with a $36 million gross loss, offset by software profits and VW joint venture support. Investors are focused on future margins ahead of the R2 launch.
Rivian shares fell about 6% on Friday despite the electric-vehicle maker reporting better-than-expected second-quarter results.
Rivian reported second-quarter revenue of $1.66 billion, up 27% from a year earlier and above the $1.51 billion analyst estimate. The company posted an adjusted loss of 46 cents per share, narrower than the expected 63-cent loss. Rivian also delivered 12,194 vehicles during the quarter, a 14% increase from the prior year.
However, Rivian's automotive operations remained unprofitable. The vehicle segment recorded a $36 million gross loss, while software and services generated $215 million in gross profit. Rivian's consolidated gross profit reached $179 million, compared with a $206 million gross loss a year earlier.
Rivian's results also received support from its Volkswagen joint venture and regulatory credits. Investors may be looking for stronger vehicle-level margins as the company prepares for the R2 launch. Rivian has said it expects R2 gross margins to turn positive in the second half of 2026, making the production ramp an important test for its profitability outlook.