Below is Dolphin Research's Trans of $Rivian Automotive(RIVN.US) FY26 Q2 earnings call. This section summarizes the core highlights.
1) Full-year delivery guide raised: 65k–70k units for 2026 (covering R1, R2 and commercial vans), up 3k vs. prior. It implies 42.4k–47.4k deliveries in H2, with the R2 ramp skewing volume to Q4...
R2 mass production will start on a single shift, with expansion to two shifts expected by end-2026. The Normal plant's 'North Star' target is to reach 4,000 units/week profitably.
The key inflection for volume comes in Q4 2026. GPM is set to inflect then as well.
We are highly confident in R2 demand. The order backlog is substantial.
2026 sales guidance beats expectations
It is expected that the R2 model will achieve positive gross profit by the end of 2026.
Successfully climbed out of the second quarter loss mire
In the third quarter, the Normal factory will shut down for 3 weeks to prepare for the mass production of R2.
Car Sales Profit Margins Plummet
$Rivian Automotive(RIVN.US) released its Q1 2025 earnings report after the U.S. market closed on May 6, 2025. Key takeaways: 1) Strong Q1 performance with revenue beating expectations: Total revenue reached $1.24 billion, significantly surpassing market expectations of around $1 billion, with a $250 million positive surprise. The beat was driven by both automotive revenue (exceeding expectations by $160 million) and software service revenue (exceeding by $100 million). 2) Gross margin reached low double-digit levels...
