Rivian Reports Q2 2026 Earnings with Revenue Growth, but Faces Continued Adjusted EBITDA Loss
In Q2 2026, Rivian (NASDAQ: RIVN) reported revenue of $1.66 billion, a 27% increase driven by vehicle delivery growth and software development services from its Volkswagen Group joint venture. The company delivered 12,194 vehicles, exceeding expectations, while automotive gross loss improved to -$36 million due to higher volumes and tariff refunds. Despite revenue gains, Rivian posted an adjusted EBITDA loss of $379 million as rising operating expenses from the R2 vehicle ramp-up and autonomy investments offset profits. The company raised its 2026 delivery guidance to between 65,000 and 70,000 units but warned that new product launches will negatively impact Q3 automotive gross profit. Rivian also announced a $1.3 billion equity raise in July through the issuance of Class A shares and outlined plans for R2 vehicle pricing starting at $58,000 with full production expected by early 2027.
