Rivian Automotive (RIVN)
NASDAQ:RIVN
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.67Last Year’s EPS
-0.8Same Quarter Last Year
Moderate Buy
Based on 22 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented meaningful strategic progress — notably the start of saleable R2 production, large targeted BOM and non‑BOM cost reductions, substantial software growth (+49% YoY), strengthened liquidity (nearly $8B expected) and acceleration of autonomy and Georgia capacity (DOE loan up to $4.5B). However, near-term financial results and guidance show continued losses (Q1 adjusted EBITDA loss $472M; 2026 adjusted EBITDA loss guidance $1.8–2.1B), an automotive gross loss in the quarter driven by a $100M decline in regulatory credits, ramp-related profitability headwinds in Q2–Q3, supply chain/commodity pressures, and a recent tornado disruption. Overall, the call balanced operational and strategic achievements with clear short-term financial and execution challenges.Company Guidance
Start of Saleable R2 Production
R2 production began in Normal, Illinois with initial employee deliveries; management calls R2 a mass-market, attractively priced 5-passenger SUV/crossover expected to broaden Rivian's addressable market.
Substantial R2 Cost Reductions Targeted
R2 bill of materials (BOM) is expected to be approximately 50% of the R1 platform and non-BOM cost of goods sold is expected to be reduced by more than 50% via design-for-manufacturing, large die castings, structural battery pack, a more efficient drive unit and electrical architecture consolidation.
Georgia Capacity Upsized and DOE Partnership
Initial Georgia plant Phase 1 capacity increased by 50% to 300,000 units (midsized platform); Rivian announced an up-to-$4.5 billion Department of Energy loan (approx. $4B principal + $0.5B capitalized interest) to finance the greenfield expansion.
Revenue and Production Momentum
Consolidated revenue for Q1 was approximately $1.4 billion, up 11% year-over-year; Rivian produced 10,236 vehicles and delivered 10,365 vehicles in the quarter (automotive revenue ~$908 million).
Software & Services Strong Growth
Software and Services revenue was $473 million in Q1, a 49% year-over-year increase, generating $181 million of gross profit; ~60% (~$282 million) of that revenue was attributable to the Volkswagen Group joint venture.
Strategic Funding and Liquidity
Rivian ended Q1 with approximately $4.8 billion in cash, cash equivalents and short-term investments; expects $2.55 billion of partner capital in 2026 (including $1.0B already received from Volkswagen) and total available liquidity and expected capital of nearly $8 billion.
Autonomy and Tech Progress
RAP1 (Rivian Autonomy Processor) development on track (800 TOPS per chip, two chips per vehicle); management expects to roll out point-to-point capabilities by year-end, to introduce Gen 3 sensor suite (including LiDAR) and to deploy Level 4 robotaxi capabilities with Uber starting in the 2028 timeframe.
One-Time Financial Benefit Recognized
Q1 included a $506 million gain in other income related to the Series A capital raise and the deconsolidation of Mind Robotics; Rivian now owns ~38% of Mind Robotics on a shares-outstanding basis.
RIVN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RIVN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $16.40 | $15.02 | -8.41% |
Feb 12, 2026 | $14.00 | $17.73 | +26.64% |
Nov 04, 2025 | $12.50 | $15.42 | +23.36% |
Aug 05, 2025 | $12.15 | $11.64 | -4.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Rivian Automotive (RIVN) report earnings?
Rivian Automotive (RIVN) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Rivian Automotive (RIVN) earnings time?
Rivian Automotive (RIVN) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RIVN EPS forecast?
RIVN EPS forecast for the fiscal quarter 2026 (Q2) is -0.67.
