Rivian (RIVN) reported its Q2 2026 results, reducing its spending plans and slightly narrowing its previously forecasted losses:
- The company reaffirmed its delivery target of 65,000 to 70,000 vehicles:
The revised guidance now includes adjusted losses between $1.8 billion and $2 billion, down from $1.8 billion to $2.1 billion:
Rivian's second-quarter revenue was $1.66 billion, exceeding the expected $1.51 billion:
The company's gross profit was $179 million compared to a loss of $206 million a year earlier:
Rivian CEO RJ Scaringe mentioned that production of the R2 model is ramping up, and the company expects to receive $1 billion in financing from Volkswagen Group for the deal:
