Rivian Q2 2026 deliveries beat guidance, full-year outlook raised

Rivian Automotive raised its full-year 2026 transportation guidance connected Thursday aft second-quarter deliveries came successful supra its forecast, driven by maturation successful its electrical transportation van and R1 conveyance lines, arsenic good arsenic the commencement of R2 SUV deliveries.

The institution present expects to present betwixt 65,000 and 70,000 vehicles this year, up from a anterior forecast of 62,000 to 67,000, the institution said. Second-quarter deliveries of 12,194 vehicles exceeded the company's ain guidance, which had called for betwixt 9,000 and 11,000 units. The institution besides produced 12,613 vehicles during the 4th astatine its manufacturing installation successful Normal, Illinois.

Analyst expectations called for astir 10,518 deliveries successful the quarter, according to Reuters. Wall Street had besides projected full-year deliveries of astir 63,000 vehicles, according to Bloomberg.

Customer deliveries of the R2 SUV got underway successful June, the institution said. At $57,990 for its introductory trim, the R2 targets buyers looking for a much affordable introduction constituent than Rivian's higher-priced R1 lineup of trucks and SUVs. Future R2 configurations see a rear-wheel-drive Standard astatine $48,490 arriving successful aboriginal 2026 and a $45,000 entry-level mentation slated to deed the marketplace by the extremity of 2027.

Hitting the midpoint of its updated yearly guidance would necessitate Rivian to manus implicit astir 45,000 further vehicles crossed the backmost fractional of the year.

Shares climbed much than 6% earlier Thursday's opening doorbell connected the news, though the banal had shed adjacent to 13% successful the months starring up to that gain.

The institution said it volition merchandise its second-quarter fiscal results connected July 30, aft marketplace close, followed by an audio webcast astatine 5:00 p.m. ET the aforesaid day.

Lucid Group besides reported second-quarter results Thursday, delivering 3,953 vehicles and producing 4,774 vehicles during the period. That fell abbreviated of Wall Street expectations of 5,000 units, according to CNBC. Lucid besides unveiled an organizational overhaul tied to CEO Silvio Napoli's arrival, which took effect successful June; among the changes, CFO Taoufiq Boussaid is acceptable to exit erstwhile a modulation to incoming concern main Alexander De Bock is complete.