Rivian Reports Revenue Growth Amid R2 Production Expansion
Rivian reported a revenue increase of 11.3% year-over-year to $1.38 billion in Q1 2026, driven by growth in software and subscription services. The company produced 10,236 vehicles in Q1, a 30% increase compared to the same period last year, as it ramps up production of the R2 electric vehicle. However, gross profits fell by 42% year-over-year to $119 million.
Tickers: $RIVN
Topics: earnings EV production financial performance revenue Rivian