Rivian Automotive (RIVN) is scheduled to announce its results for the first quarter of 2026 after the market closes on Thursday, April 30. While RIVN stock has gained 27% over the past year, it has struggled recently, trading down 15% year-to-date. Rivian bulls are focused on the official production kickoff of the R2 midsize SUV at the Normal, Illinois plant, with first customer deliveries on track for later this spring. However, other analysts are concerned about the company’s lack of profitability and a broader slowdown in electric vehicle demand.
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Meanwhile, Wall Street expects Rivian to report a loss per share of $0.63 for Q1 2026. Meanwhile, revenue is projected that it will increase by more than 10% to $1.37 billion.
Analysts’ Views Ahead of Rivian’s Q1 Earnings
Ahead of the print, top Cantor Fitzgerald analyst Andres Sheppard reiterated a Neutral rating on Rivian stock with a price target of $18 per share. Following the company’s recent pre-announcement of Q1 2026 vehicle deliveries, the analyst raised his revenue estimate for the quarter to about $1.27 billion from roughly $1.20 billion. He also increased his full-year 2026 average selling price forecast to around $64.4K from $62.0K, reflecting updated pricing for Rivian’s upcoming R2 vehicles.
According to the analyst, key risks include supply chain issues, production constraints, high costs, intense competition, and slower-than-expected demand.
Meanwhile, UBS analyst Joseph Spak reiterated a Neutral rating on Rivian with a $16 price target. Citing a recent Financial Times report, he said Rivian is exploring offering its electrical architecture and autonomous software to legacy automakers. If adopted, such a shared platform could help cut EV costs and reduce capital needs, similar to the smartphone industry.
In that scenario, Spak said Tesla could play the “Apple” (AAPL) role, while Rivian could act more like “Android.” However, he added that it remains unclear whether this approach will gain traction in the near term.
Options Traders Anticipate a Major Move in RIVN Stock
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 expect a 10.35% move in either direction in Rivian stock in reaction to Q1 2026 results.
Is RIVN Stock a Buy, Sell, or Hold?
Heading into Q1 2026 earnings, Wall Street has a Hold consensus rating on Rivian Automotive stock based on 10 Buys, eight Holds, and four Sells. The average RIVN stock price target of $17.91 indicates about 7% upside potential.
