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Rivian R2 rollout advances, earnings outlook

Updated 2 times since CLSTR started tracking revisions of this situation.

What changed

2026-07-28 17:38 UTC → 2026-07-30 21:23 UTC · added removed

Rivian’s midsize R2 SUV moved from launch to entered full‑scale production in Q2 2026, with the Normal, Illinois plant delivering 12,613 Performance‑Launch Edition units—above the 9,000‑11,000 guidance. The company lifted its 2026 delivery target to 65,000‑70,000 vehicles. The Performance trim is trim, priced at $57,990, produces offers up to 656 hp, hp and offers an EPA‑rated range of up to 330 mi, positioning it against the Tesla Model Y. At the same time Rivian unveiled the The compact R3 crossover was unveiled in Irvine, showing featuring a retro‑inspired silhouette and targeting a sub‑€40,000 price goal for Europe. Production for both models will shift to a new Georgia plant costing about $5 billion, (≈$5 billion), with full capacity not expected until 2028, putting pressure on pressuring the planned 2027 European launch window. The R3 is slated for a 2027 market debut after the R2, which will be introduced in Europe first. Testing shows the R2 consumes 18‑26 % more energy than the Model Y on highway cycles and roughly about 25 % more in city‑type simulations. The A joint venture with Volkswagen contributes up to $5.8 billion, granting VW access to Rivian’s Zonal‑E‑electronics architecture; Zonal‑E electronics; the first VW model using the tech, the ID.EVERY1, is also planned slated for 2027. Cash reserves remain near $5.3 Q2 2026 revenue rose 27 % to $1.66 billion, supporting beating the production ramp‑up $1.51 billion consensus, while deliveries hit 12,194 units. Capital spending was trimmed to $1.7‑1.8 billion, and R3 development. On July 30, Rivian will release Q2 2026 earnings. Production reached 12,613 software‑services revenue grew 37 % to $515 million (including $308 million from the VW JV). CEO RJ Scaringe said R2 units reservation‑to‑order conversion exceeded internal expectations and deliveries hit 12,194, surpassing the earlier 9,000‑11,000 guidance. Management reaffirmed SUV should generate a positive gross margin in the full‑year delivery outlook back half of 65,000‑70,000 vehicles and disclosed a the year. A $1.25 billion Uber order for up to 50,000 R2s. Analysts were generally upbeat: Piper Sandler upgraded to overweight with a $20 target, Cantor Fitzgerald kept a neutral rating with a $19 target, R2s and other forecasts range $16‑$25. upbeat analyst price targets (ranging $16‑$25) support the outlook; Rivian’s stock traded near $16.5 as the firm seeks scale and profitability despite ongoing GAAP losses. $16.5.

Versions

  1. 2026-07-30 21:23 UTC Rivian R2 rollout advances, earnings outlook
  2. 2026-07-28 17:38 UTC Rivian R2 rollout advances, earnings outlook
  3. 2026-07-27 09:25 UTC Rivian R2 rollout expands, R3 preview announced

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