Vehicle Production, Deliveries, and R2 Launch
Rivian produced 12,613 vehicles and delivered 12,194 vehicles in Q2 FY2026. The quarter marked the commencement of customer deliveries for the all-new R2 midsize SUV underpinned by the midsize platform.
Rivian Automotive, Inc. / DE is expected to release its Q3 2026 10-Q filing in the upcoming earnings season. Last quarter: In Q2 FY2026, Rivian achieved a positive gross profit of $179M and 27.2% revenue growth to $1.658B, driven by the commencement of R2 deliveries, expansion of its software joint venture, and $106M in regulatory credit sales, while continuing to incur net losses of $833M.
Drawn from management commentary in the Q2 2026 10-Q:
Rivian produced 12,613 vehicles and delivered 12,194 vehicles in Q2 FY2026. The quarter marked the commencement of customer deliveries for the all-new R2 midsize SUV underpinned by the midsize platform.
Total gross profit turned positive at $179M compared to -$206M in Q2 FY2025. Automotive cost of revenues was impacted by ~$100M in incremental cost of revenues from the R2 production ramp, offset by an increase in regulatory credit revenues to $106M and an IEEPA tariff refund receivable.
Software and Services revenue grew 37% YoY to $515M, generating $215M in gross profit (up 67% YoY). Growth was primarily driven by vehicle electrical architecture and software development services provided to the Volkswagen Joint Venture and the launch of paid Autonomy+ offerings.
Revenue
$1.66B
+27.24% YoY
EPS (Diluted)
-$0.63
+35.05% YoY
Gross Margin
10.8%
+26.6 pts YoY
Operating Income
-$836M
+24.96% YoY
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