Jun 2026 (Q2 FY26) — Jul 30, 2026
Rivian Q2 FY26 — R2 Launch and Production Ramp Progress
Read the full callRivian (RIVN) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Rivian earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,658 | +27.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -50.4 | +35.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -833 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
What management said, and what became of it
13 of 13 judged targets kept · 23 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| 1H FY2026 quarterly delivery guidance | approximately 9,000 to 11,000 vehicles per quarter | Dec 2025 | Delivery results topped our 9,000 to 11,000 vehicle expectations due to robust growth quarter-over-quarter in EDV and R1, coupled with the introduction of R2 deliveries. | Achieved |
| FY2026 adjusted EBITDA guidance | $1.8 billion to $2.1 billion loss | Dec 2025 | we expect an adjusted EBITDA loss of between $2 billion to $1.8 billion, a $50 million improvement at the midpoint | Revised Up |
| Georgia facility vertical construction start | early part of 2026 | Jun 2025 | In Georgia, construction of our next manufacturing site is progressing well. | On Track |
23 of Rivian Automotive, Inc. / DE's 36 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 33 more targets are in the full ledger.
Claimed
- R2 deliveries began in June, with strong media reviews and positive early customer feedback.
- 57,000 demo drives hosted in Q2, a Rivian record, indicating accelerating customer engagement.
- Reservation conversion for the R2 launch edition is "meaningfully higher" than expected.
- Consolidated revenue grew 27% YoY to $1.66 billion.
- Automotive gross profit loss improved by $299 million YoY, from -$335 million to -$36 million.
- Software & Services segment revenue increased 37% YoY to $515 million, with a 42% gross margin.
- Total vehicle delivery guidance for FY26 increased by 3,000 units to 65,000-70,000.
- Adjusted EBITDA loss guidance improved by $50 million at the midpoint to $1.8 billion-$2 billion.
Qualified
- $100 million in incremental cost of revenue due to R2 production ramp inefficiencies in Q2.
- Anticipated negative impact on automotive gross profit in Q3 due to R2 ramp complexity.
- Raw material, memory, and logistics cost increases partially offset EBITDA improvements.
- Macro and geopolitical factors creating added complexity, cost, and uncertainty.
Price
$13.02 +0.54% · +$0.07
Performance −0.8% 1Y
1Y: $13.12 on 14 Oct 2025 → $13.02. High $22.45 (19 Dec 2025), low $12.5 (4 Nov 2025).
- Previous close
- $12.95
- 52-week range
- $12.5 – $22.45
- One year
- −2.91%
Overview
- Symbol
- RIVN
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
13 of 13 judged targets kept · 23 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| 1H FY2026 quarterly delivery guidance | approximately 9,000 to 11,000 vehicles per quarter | Dec 2025 | Delivery results topped our 9,000 to 11,000 vehicle expectations due to robust growth quarter-over-quarter in EDV and R1, coupled with the introduction of R2 deliveries. | Achieved |
| FY2026 adjusted EBITDA guidance | $1.8 billion to $2.1 billion loss | Dec 2025 | we expect an adjusted EBITDA loss of between $2 billion to $1.8 billion, a $50 million improvement at the midpoint | Revised Up |
| Georgia facility vertical construction start | early part of 2026 | Jun 2025 | In Georgia, construction of our next manufacturing site is progressing well. | On Track |
Claimed
- R2 deliveries began in June, with strong media reviews and positive early customer feedback.
- 57,000 demo drives hosted in Q2, a Rivian record, indicating accelerating customer engagement.
- Reservation conversion for the R2 launch edition is "meaningfully higher" than expected.
- Consolidated revenue grew 27% YoY to $1.66 billion.
- Automotive gross profit loss improved by $299 million YoY, from -$335 million to -$36 million.
- Software & Services segment revenue increased 37% YoY to $515 million, with a 42% gross margin.
- Total vehicle delivery guidance for FY26 increased by 3,000 units to 65,000-70,000.
- Adjusted EBITDA loss guidance improved by $50 million at the midpoint to $1.8 billion-$2 billion.
Qualified
- $100 million in incremental cost of revenue due to R2 production ramp inefficiencies in Q2.
- Anticipated negative impact on automotive gross profit in Q3 due to R2 ramp complexity.
- Raw material, memory, and logistics cost increases partially offset EBITDA improvements.
- Macro and geopolitical factors creating added complexity, cost, and uncertainty.
The full ledger
Open Rivian Automotive, Inc. / DE’s full ledger
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Call summaries
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Rivian earnings calls (RIVN)
Financials
What the filings say
Net profit, year on year: +25% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 874 | 1,734 | 1,240 | 1,303 | 1,558 | 1,286 | 1,381 | 1,658 |
| Operating profit | -1,169 | -661 | -655 | -1,114 | -983 | -833 | -881 | -836 |
| Operating margin | −133.8% | −38.1% | −52.8% | −85.5% | −63.1% | −64.8% | −63.8% | −50.4% |
| Interest | 87 | 81 | 72 | 69 | 69 | 64 | 65 | 68 |
| Profit before tax | -1,100 | -740 | -539 | -1,113 | -1,167 | -801 | -418 | -838 |
| Tax rate | 0.0% | −0.4% | −0.4% | −0.2% | 0.1% | −0.4% | 0.5% | 0.1% |
| Net profit | -1,100 | -744 | -545 | -1,117 | -1,173 | -811 | -416 | -833 |
| EPS ($ per share) | -1.08 | — | -0.48 | -0.97 | -0.96 | — | -0.33 | -0.63 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 1 | 1 | 1 | 1 | 1 |
| Reserves | — | -1,686 | -6,374 | -13,126 | -18,558 | -23,305 | -26,951 |
| Total liabilities | — | 742 | 2,780 | 4,077 | 7,637 | 8,848 | 10,270 |
| Fixed assets | — | 1,445 | 3,183 | 3,758 | 3,874 | 3,965 | 5,119 |
| Investments | — | — | — | 0 | 1,511 | 2,406 | 2,503 |
| Total assets | — | 4,602 | 22,294 | 17,876 | 16,778 | 15,410 | 14,864 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -353 | -848 | -2,622 | -5,052 | -4,866 | -1,716 | -779 |
| Cash from investing | -199 | -914 | -1,794 | -1,369 | -2,511 | -1,980 | -1,828 |
| Cash from financing | 2,811 | 2,500 | 19,828 | 99 | 3,130 | 1,136 | 886 |
| Net cash flow | 2,259 | 738 | 15,412 | -6,324 | -4,242 | -2,563 | -1,715 |
| Capital expenditure | -199 | -914 | -1,794 | -1,369 | -1,026 | -1,141 | -1,710 |
| Free cash flow | -552 | -1,762 | -4,416 | -6,421 | -5,892 | -2,857 | -2,489 |
RIVN revenue by segment
Software and Services grew from 26% to 31% of revenue over the last six quarters.
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|
| Automotive | 74% | 71% | 73% | 65% | 66% | 69% | +23.3% |
| Software and Services | 26% | 29% | 27% | 35% | 34% | 31% | +37.0% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
85 filings between Oct 20, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
$1.00B
2 purchases by 2 insiders
Sales
$7.59M
27 sales by 5 insiders
96% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 29
- Award — granted as compensation
- 26
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 disposition to issuer.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| VOLKSWAGEN AG | $999.94M | — | Apr 30, 2026 |
| Scaringe Robert J | — | $4.73M | May 28, 2026 |
| McDonough Claire | — | $1.92M | Aug 20, 2026 |
| CALLAHAN MICHAEL JOHN | — | $469.4K | Oct 1, 2026 |
| Boone Karen | — | $400.0K | Jul 6, 2026 |
| Gomez Aidan N. | $251.5K | — | May 15, 2026 |
| Krawiec Peter | — | $71.1K | Dec 15, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | CALLAHAN MICHAEL JOHN Chief Administrative Officer | Sale 10b5-1 plan | 15,000 | $225.0K |
| Sep 11, 2026 | CALLAHAN MICHAEL JOHN Chief Administrative Officer | Sale 10b5-1 plan | 15,000 | $244.4K |
| Aug 20, 2026 | McDonough Claire Chief Financial Officer | Sale 10b5-1 plan | 8,023 | $128.4K |
| Aug 18, 2026 | McDonough Claire Chief Financial Officer | Sale 10b5-1 plan | 13,144 | $190.6K |
| Aug 15, 2026 | Venkataratnam Sreela Chief Accounting Officer | Tax withheld | 20,297 | $311.8K |
| Aug 15, 2026 | McDonough Claire Chief Financial Officer | Tax withheld 10b5-1 plan | 38,640 | $593.5K |
| Aug 15, 2026 | CALLAHAN MICHAEL JOHN Chief Administrative Officer | Tax withheld | 42,082 | $646.4K |
| Aug 15, 2026 | Scaringe Robert J Chief Executive Officer | Tax withheld | 44,033 | $676.3K |
| Jul 20, 2026 | Krafcik John Director | Award | 1,192 | $0 |
| Jul 20, 2026 | Gomez Aidan N. Director | Tax withheld | 343 | $6.0K |
| Jul 20, 2026 | Gomez Aidan N. Director | Award | 769 | $0 |
| Jul 20, 2026 | Schwartz Sanford Harold Director | Award | 1,192 | $0 |
| Jul 20, 2026 | Krawiec Peter Director | Award | 884 | $0 |
| Jul 6, 2026 | Boone Karen Director | Sale 10b5-1 plan | 20,000 | $400.0K |
| Jun 22, 2026 | Krafcik John Director | Award | 17,445 | $0 |
| Jun 22, 2026 | Boone Karen Director | Award | 17,445 | $0 |
| Jun 22, 2026 | Gomez Aidan N. Director | Award | 17,445 | $0 |
| Jun 22, 2026 | Schwartz Sanford Harold Director | Award | 17,445 | $0 |
| Jun 22, 2026 | FLATLEY JAY T Director | Award | 17,445 | $0 |
| Jun 22, 2026 | Krawiec Peter Director | Award | 17,445 | $0 |
| Jun 18, 2026 | Gomez Aidan N. Director | Tax withheld | 8,926 | $145.1K |
| Jun 3, 2026 | McDonough Claire Chief Financial Officer | Sale 10b5-1 plan | 8,022 | $144.4K |
| May 29, 2026 | McDonough Claire Chief Financial Officer | Sale 10b5-1 plan | 8,023 | $128.4K |
| May 28, 2026 | Scaringe Robert J Chief Executive Officer | Sale 10b5-1 plan | 34,818 | $522.3K |
| May 21, 2026 | McDonough Claire Chief Financial Officer | Sale 10b5-1 plan | 7,600 | $106.4K |
| May 20, 2026 | Venkataratnam Sreela Chief Accounting Officer | Award | 2,756 | $32.2K |
| May 20, 2026 | CALLAHAN MICHAEL JOHN Chief Administrative Officer | Award | 1,682 | $19.6K |
| May 18, 2026 | McDonough Claire Chief Financial Officer | Sale 10b5-1 plan | 5,544 | $74.5K |
| May 15, 2026 | Gomez Aidan N. Director | Purchase | 18,000 | $251.5K |
| May 15, 2026 | Venkataratnam Sreela Chief Accounting Officer | Tax withheld | 17,486 | $253.9K |
| May 15, 2026 | Scaringe Robert J Chief Executive Officer | Tax withheld | 44,034 | $639.4K |
| May 15, 2026 | McDonough Claire Chief Financial Officer | Tax withheld 10b5-1 plan | 38,640 | $561.1K |
| May 15, 2026 | Gomez Aidan N. Director | Tax withheld | 3,752 | $54.5K |
| May 15, 2026 | CALLAHAN MICHAEL JOHN Chief Administrative Officer | Tax withheld | 42,082 | $611.0K |
| Apr 30, 2026 | VOLKSWAGEN AG 10% owner | Purchase | 62,889,522 | $999.94M |
| Apr 22, 2026 | McDonough Claire Chief Financial Officer | Sale 10b5-1 plan | 10,245 | $184.4K |
| Apr 20, 2026 | Schwartz Sanford Harold Director | Award | 1,255 | $0 |
| Apr 20, 2026 | Krawiec Peter Director | Award | 897 | $0 |
| Apr 20, 2026 | Gomez Aidan N. Director | Tax withheld | 406 | $7.0K |
| Apr 20, 2026 | Krafcik John Director | Award | 1,255 | $0 |
| Apr 20, 2026 | Gomez Aidan N. Director | Award | 810 | $0 |
| Apr 14, 2026 | Scaringe Robert J Chief Executive Officer | Sale 10b5-1 plan | 21,446 | $346.8K |
| Mar 31, 2026 | Scaringe Robert J Chief Executive Officer | Sale 10b5-1 plan | 20,264 | $304.0K |
| Mar 20, 2026 | Venkataratnam Sreela Chief Accounting Officer | Award | 115,588 | $0 |
| Mar 20, 2026 | McDonough Claire Chief Financial Officer | Award | 264,201 | $0 |
| Mar 20, 2026 | CALLAHAN MICHAEL JOHN Chief Administrative Officer | Award | 264,201 | $0 |
| Mar 17, 2026 | Scaringe Robert J Chief Executive Officer | Sale 10b5-1 plan | 17,450 | $272.2K |
| Mar 4, 2026 | CALLAHAN MICHAEL JOHN Chief Administrative Officer | Award | 24,475 | $0 |
| Mar 4, 2026 | McDonough Claire Chief Financial Officer | Award | 24,475 | $0 |
| Mar 4, 2026 | McDonough Claire Chief Financial Officer | Tax withheld | 12,453 | $188.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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