Rivian Raises 2026 Delivery Guidance to 62,000–67,000 After Q4 Beat
Rivian reported a Q4 adjusted loss of $0.54 per share on $1.28 billion revenue, beating consensus estimates. The EV maker raised 2026 delivery guidance to 62,000–67,000 vehicles (47%–59% growth), posted its first annual gross profit of $144 million and forecasted $1.8–2.1 billion in adjusted pre-tax losses for 2026.
1. Q4 Results Exceed Estimates
Rivian delivered an adjusted loss of $0.54 per share on $1.28 billion in revenue, outperforming analyst forecasts. Automotive revenue was $839 million (down 45% YoY) while software and services revenue surged 109% to $447 million. Production totaled 10,974 vehicles and deliveries reached 9,745 units.
2. Milestone Gross Profit and R2 Launch
For 2025, Rivian achieved its first annual gross profit of $144 million, marking a pivotal profitability milestone. The company also confirmed that its mass-market R2 SUV will enter production in Q2 2026, targeting a broader consumer segment.
3. 2026 Guidance and Loss Forecast
Rivian set 2026 delivery guidance at 62,000–67,000 vehicles, implying 47%–59% growth year-over-year. It anticipates adjusted pre-tax losses of $1.8–2.1 billion next year and cautioned that gross profitability may not be sustainable at higher production volumes.