Rivian beats Q2 estimates with $179 million gross profit

Rivian reported $1.66 billion in revenue for Q2, surpassing analyst estimates of $1.57 billion. Adjusted loss per share was $0.47, better than expected, and adjusted EBITDA improved to -$379 million. The company posted a $179 million gross profit, including $215 million from software and services, while the automotive division had a $36 million gross loss. Rivian narrowed its full-year adjusted EBITDA loss forecast for 2026 to $1.8 to $2.0 billion and cut planned capital expenditures by $250 million. It maintained delivery guidance of 65,000 to 70,000 vehicles for 2026. The launch of the R2 SU

• Q2 revenue of $1.66 billion, exceeding estimates of $1.57 billion
• $179 million total gross profit, with $215 million from software and services

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