Rivian Stock Surges 15% on Strong Q4 Earnings and Optimistic R2 Launch Timeline
Rivian Automotive delivered a bullish surprise with fourth-quarter revenue of $1.29 billion, surpassing analyst estimates of $1.26 billion. The EV maker's adjusted loss of 54 cents per share also beat expectations of a 68-cent deficit, sparking a 15% after-hours rally in its shares.
The company's 2026 delivery guidance of 62,000 to 67,000 vehicles represents a staggering 47-59% increase from 2025 levels. This growth trajectory is underpinned by Rivian's first annual gross profit of $144 million in 2025, achieved through its strategic software partnership with Volkswagen.
All eyes remain on the $45,000 R2 SUV, which promises to halve production costs while maintaining its Q2 2026 delivery schedule. The cost-cutting measures come as Rivian prepares to absorb $1.8-$2.1 billion in pre-tax losses during the R2 production ramp-up at its Illinois facility.
