RIVN Q2 2026 - Preliminary Earnings Alert
Event: Quartr Q2 2026 event Retrieved: 2026-07-30T20:05:00Z Source status: Earnings release is available; transcript is not yet available.
Beat/Miss
Beat/miss unavailable - API Ninjas definition or period mismatch. API Ninjas supplied a July 30 estimate of $1.519 billion revenue and $(0.6615) EPS, but did not supply the fiscal-period, period-type, currency, revenue-definition, or EPS-basis metadata needed for a permitted match. No provider actuals or provider-calculated differences were used.
Reported results and guidance
- Q2 revenue was $1.658 billion, up 27% year over year; Automotive revenue was $1.143 billion and Software and Services was $515 million.
- Gross profit was $179 million, an $385 million year-over-year improvement; gross margin was 11%.
- Adjusted EBITDA was a $379 million loss and free cash flow was a $849 million outflow.
- The company raised delivery guidance by 3,000 vehicles, improved adjusted-EBITDA guidance by $50 million at the midpoint, and reduced capex guidance by $250 million at the midpoint.
Management points
- R2 external deliveries began in Q2, and management frames the launch as the next major volume driver.
- Regulatory credits and software/services were meaningful to the quarter, while R2 ramp costs remain a drag on automotive economics.
Decision-relevant uncertainty
- The gross-profit inflection depends on the R2 ramp and regulatory-credit contribution; cash use remains significant despite improved guidance.