Rivian Automotive (RIVN) Tops Q1 EPS by 30c, Beats on Revenue; Sees Deliveries of 62,000 - 67,000

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Go back to Rivian Automotive (RIVN) Tops Q1 EPS by 30c, Beats on Revenue; Sees Deliveries of 62,000 - 67,000

Rivian Releases First Quarter 2026 Financial Results

April 30, 2026 4:05 PM EDT

Started production of saleable R2 vehicles and made first deliveries to employees with external customer deliveries expected in the coming weeks Consolidated revenue growth of 11 percent year-over-year and generated $119 million of consolidated gross profit for the quarter Increased Georgia plant initial production capacity to 300,000 vehicles annually; expects first advance on $4.5 billion DOE loan in early 2027 Robotaxi partnership with Uber to deploy up to 50,000 fully autonomous robotaxis $1 billion of funding from Volkswagen Group through successful completion of winter testing

IRVINE, Calif.--(BUSINESS WIRE)-- Rivian Automotive, Inc. (NASDAQ:... More