Rivian Automotive

Q2 FY2026 EarningsQ2 FY26 results exceeded expectations across major metrics, driven by the R2 external delivery launch and high software services revenue. Revenue reached $1.658B, beating the $1.570B consensus by 5.60%, while consolidated gross profit turned positive at $179M (11% margin) vs. the 4.59% consensus. Guidance for FY26 deliveries was raised by 3,000 units, and the Adjusted EBITDA loss outlook improved by $50M at the midpoint, signaling a pivot toward operational scaling and efficiency.