Rivian Automotive (RIVN) is scheduled to announce its second-quarter results after the market closes on Tuesday, August 5. RIVN stock has declined about 7% year-to-date, as the electric vehicle (EV) maker is facing macro pressures and intense competition. Wall Street expects Rivian to report a narrower loss per share of $0.66 compared to $1.26 in the prior-year quarter.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Meanwhile, Q2 2025 revenue is projected to increase by 11.4% year-over-year to $1.29 billion. Despite lower deliveries, the company is expected to report growth in its top line due to a rise in software and services revenues.
As seen in this chart from Main Street Data, Rivian has been reporting disappointing deliveries in recent quarters. In Q1 2025, the company’s deliveries plunged 36.4% to 8,640 units. This weakness continued in the second quarter, with deliveries declining about 23% year-over-year to 10,661 vehicles.
Analysts’ Views Ahead of Rivian’s Q2 Earnings
Recently, Guggenheim analyst Ronald Jewsikow downgraded Rivian Automotive stock from Buy to Hold and lowered the price target from $16 to $13 to reflect softer long-term R2/R3 assumptions. He cited softer R1 sales and negative U.S. Electric Vehicle and Emissions policy changes. While Jewsikow remains confident about Rivian’s cost-reduction targets for the R2, he no longer has confidence in the required volumes and/or required average selling prices (ASPs) to support his previous price target.
Jewsikow now projects 150,000 units for 2028, down from his previous estimate of 185,000. The analyst added that the loss of EV emissions credits lowers his EPS and free cash flow (FCF) forecasts. Further, Jewsikow thinks that upcoming catalysts for RIVN stock include Q2 results, the planned autonomy day, and incremental R2 updates ahead of the launch in the first half of 2026.
Meanwhile, Cantor Fitzgerald analyst Andres Sheppard reiterated a Hold rating on Rivian Automotive stock with a price target of $15. The 4-star analyst noted management’s commentary about the company’s production in Q2 being impacted by preparations for model year 2026. Sheppard highlighted that Rivian recently revised down its FY25 vehicle delivery guidance to 40,000 to 46,000 units from the previous outlook of 46,000 to 51,000 units.
Sheppard contended that he sees the launch of Rivian’s R2 line as a meaningful catalyst, which is expected to drive higher customer demand due to its more competitive price. That said, the analyst remains neutral on RIVN stock due to lower delivery expectations, worsening macro conditions, tariffs, and the removal of the $7,500 EV tax credit. He is also concerned about uncertainty regarding the company’s autonomy and the charging segment.
AI Analyst Is Cautious on RIVN Stock Ahead of Q2 Print
Interestingly, TipRanks’ AI stock analyst has assigned a Neutral rating to Rivian stock with a price target of $13, indicating 5% upside potential. TipRanks’ AI analysis indicates that promising revenue growth and strategic advancements made by Rivian are offset by significant financial challenges and valuation concerns. Moreover, favorable developments in gross profit and strategic funding are overshadowed by ongoing losses and negative cash flows.
Options Traders Anticipate Major Move on Rivian’s Q2 Earnings
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry, the Options tool does this for you.
Indeed, it currently says that options traders are expecting about a 10.3% move in either direction in RIVN stock in reaction to Q2 results.
Is RIVN a Good Stock to Buy?
Overall, Wall Street is sidelined on Rivian stock, with a Hold consensus rating based on seven Buys, 15 Holds, and three Sell recommendations. The average RIVN stock price target of $14.92 indicates 20.5% upside potential from current levels.
