Rivian Raises Delivery Outlook to 65K–70K After Q2 Beats Guidance
RIVN•Rivian delivered 12,194 vehicles and produced 12,613 units in Q2, surpassing Wall Street estimates of about 10,600 deliveries. The company raised its 2026 delivery guidance to 65,000–70,000 vehicles as it began sales of the lower-cost R2 SUV, driving shares up over 5% pre-market.
1. Q2 Deliveries Beat Guidance
Rivian delivered 12,194 vehicles in the second quarter, topping analyst forecasts of roughly 10,600 units. Production reached 12,613 vehicles, marking the first quarter of consecutive beats after earlier uneven performance.
2. Full-Year Outlook Raised
The company raised its full-year delivery forecast to between 65,000 and 70,000 vehicles, lifting the midpoint above Wall Street’s estimate of around 63,000. This upgrade reflects confidence in scaling production and meeting growing demand.
3. R2 SUV Launch
Rivian commenced sales of its lower-cost R2 electric SUV, aiming to capture a broader market segment. The launch supplements strong quarter-over-quarter growth in its commercial van and R1 EV lines.
4. Market Reaction
Shares rose more than 5% in pre-market trading on the back of delivery beats and the upgraded outlook, signaling investor optimism around Rivian’s production momentum and new model rollout.
