We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Rivian Gears Up to Report Q2 Earnings: Here's What to Expect
Read MoreHide Full Article
Key Takeaways
Rivian's Q2 deliveries beat guidance, while R2 deliveries and stronger EDV and R1 volumes drove growth.
Rivian's R2 material costs are expected to be nearly 50% lower than R1's, aiding cost cuts.
Rivian's R2 launch and sales expansion are pressuring EBITDA, with a $1.8-$2.1B 2026 loss forecast.
Rivian Automotive, Inc. (RIVN - Free Report) is slated to release second-quarter 2026 results on July 30, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s loss per share and revenues is pegged at 65 cents and $1.58 billion, respectively.
For the second quarter, the consensus estimate for Rivian’s loss has narrowed by a penny over the past 30 days. Its bottom-line estimates imply growth of 18.8% from the year-ago reported numbers.
The Zacks Consensus Estimate for RIVN's quarterly revenues implies a year-over-year growth of 21.2%. The company's earnings beat estimates in three of the trailing four quarters and missed once, delivering an average surprise of 2.44%. This is depicted in the graph below:
Rivian posted a reported loss of 55 cents per share in the first quarter of 2026, narrower than the Zacks Consensus Estimate of a loss of 60 cents, delivering a positive earnings surprise of 7.7%. Quarterly revenues came in at $1.38 billion, topping the consensus mark of $1.37 billion by 1% and rising 11.4% year over year. Higher delivery volumes and strong software and services execution were key supports for the quarter.
Things to Note
Rivian produced 12,613 vehicles at its Normal, IL, manufacturing facility in the second quarter, up from 5,979 vehicles in the same period last year. It delivered 12,194 vehicles, up from 10,661 vehicles in the same period last year. Its deliveries exceeded its quarterly guidance of 9,000 to 11,000 vehicles, driven by strong sequential growth in EDV and R1 deliveries, along with the launch of R2 deliveries.
Also, Rivian is benefiting from engineering optimizations, supply chain savings and lower commodity costs. The second-generation R1 models have reduced material costs while operational efficiencies at the Normal plant further support cost-cutting efforts. R2 model's material costs are expected to be nearly 50% lower than R1’s, and other production costs are also halved. Rivian expects gross profit to witness a year-over-year uptick in 2026.
An increase in vehicle deliveries and an expected increase in gross profits are likely to have bolstered Rivian’s second-quarter results.
However, funding autonomy, R2 launch activities and expansion of sales and service coverage are hurting the company’s EBITDA. Rivian expects 2026 adjusted EBITDA loss in the range of $1.8-$2.1 billion. In the first quarter of 2026, adjusted EBITDA loss was $472 million, reflecting the cost of scaling these programs ahead of the volume ramp. Rising expansion efforts and R2 launch spending are likely to have hurt the company’s operating margins in the to-be-reported quarter.
Let’s have a look at our estimates for Rivian’s segmental performance.
The Zacks Consensus Estimate for Rivian’s second-quarter Automotive revenues is pegged at $950 million, suggesting a rise from $927 million reported in the year-ago quarter. The Zacks Consensus Estimate for Rivian’s Software and Service revenues is pegged at $554 million, representing a rise from $376 million reported in the year-ago quarter.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Rivian for the quarter to be reported, as it does not have the right combination of the two key ingredients. A positive Earnings ESP, combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat. This is not the case here.
Earnings ESP: RIVN has an Earnings ESP of -4.29%. This is because the Most Accurate Estimate is pegged below the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: It currently carries a Zacks Rank #3.
Stocks With the Favorable Combination
Here are a few players from the auto space that, per our model, have the correct ingredients to post an earnings beat this time.
The Zacks Consensus Estimate for LEA’s to-be-reported quarter’s earnings and revenues is pegged at $3.89 per share and $6.14 billion.
Cummins Inc. (CMI - Free Report) is slated to release second-quarter 2026 results on Aug. 4. The company has an Earnings ESP of +0.78% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for CMI’s to-be-reported quarter’s earnings and revenues is pegged at $7.33 per share and $9.33 billion.
BorgWarner Inc. (BWA - Free Report) is slated to release second-quarter 2026 results on Aug. 5. The company has an Earnings ESP of +0.62% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for BWA’s to-be-reported quarter’s earnings and revenues is pegged at $1.26 per share and $3.58 billion.
View the Zacks #1 Rank List
Image: Bigstock
Rivian Gears Up to Report Q2 Earnings: Here's What to Expect
Key Takeaways
Rivian Automotive, Inc. (RIVN - Free Report) is slated to release second-quarter 2026 results on July 30, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s loss per share and revenues is pegged at 65 cents and $1.58 billion, respectively.
For the second quarter, the consensus estimate for Rivian’s loss has narrowed by a penny over the past 30 days. Its bottom-line estimates imply growth of 18.8% from the year-ago reported numbers.
The Zacks Consensus Estimate for RIVN's quarterly revenues implies a year-over-year growth of 21.2%. The company's earnings beat estimates in three of the trailing four quarters and missed once, delivering an average surprise of 2.44%. This is depicted in the graph below:
Rivian Automotive, Inc. Price and EPS Surprise
Rivian Automotive, Inc. price-eps-surprise | Rivian Automotive, Inc. Quote
Q1 Highlights
Rivian posted a reported loss of 55 cents per share in the first quarter of 2026, narrower than the Zacks Consensus Estimate of a loss of 60 cents, delivering a positive earnings surprise of 7.7%. Quarterly revenues came in at $1.38 billion, topping the consensus mark of $1.37 billion by 1% and rising 11.4% year over year. Higher delivery volumes and strong software and services execution were key supports for the quarter.
Things to Note
Rivian produced 12,613 vehicles at its Normal, IL, manufacturing facility in the second quarter, up from 5,979 vehicles in the same period last year. It delivered 12,194 vehicles, up from 10,661 vehicles in the same period last year. Its deliveries exceeded its quarterly guidance of 9,000 to 11,000 vehicles, driven by strong sequential growth in EDV and R1 deliveries, along with the launch of R2 deliveries.
Also, Rivian is benefiting from engineering optimizations, supply chain savings and lower commodity costs. The second-generation R1 models have reduced material costs while operational efficiencies at the Normal plant further support cost-cutting efforts. R2 model's material costs are expected to be nearly 50% lower than R1’s, and other production costs are also halved. Rivian expects gross profit to witness a year-over-year uptick in 2026.
An increase in vehicle deliveries and an expected increase in gross profits are likely to have bolstered Rivian’s second-quarter results.
However, funding autonomy, R2 launch activities and expansion of sales and service coverage are hurting the company’s EBITDA. Rivian expects 2026 adjusted EBITDA loss in the range of $1.8-$2.1 billion. In the first quarter of 2026, adjusted EBITDA loss was $472 million, reflecting the cost of scaling these programs ahead of the volume ramp. Rising expansion efforts and R2 launch spending are likely to have hurt the company’s operating margins in the to-be-reported quarter.
Let’s have a look at our estimates for Rivian’s segmental performance.
The Zacks Consensus Estimate for Rivian’s second-quarter Automotive revenues is pegged at $950 million, suggesting a rise from $927 million reported in the year-ago quarter. The Zacks Consensus Estimate for Rivian’s Software and Service revenues is pegged at $554 million, representing a rise from $376 million reported in the year-ago quarter.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Rivian for the quarter to be reported, as it does not have the right combination of the two key ingredients. A positive Earnings ESP, combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat. This is not the case here.
Earnings ESP: RIVN has an Earnings ESP of -4.29%. This is because the Most Accurate Estimate is pegged below the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: It currently carries a Zacks Rank #3.
Stocks With the Favorable Combination
Here are a few players from the auto space that, per our model, have the correct ingredients to post an earnings beat this time.
Lear Corporation (LEA - Free Report) is slated to release second-quarter 2026 results on July 31. The company has an Earnings ESP of +0.18% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for LEA’s to-be-reported quarter’s earnings and revenues is pegged at $3.89 per share and $6.14 billion.
Cummins Inc. (CMI - Free Report) is slated to release second-quarter 2026 results on Aug. 4. The company has an Earnings ESP of +0.78% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for CMI’s to-be-reported quarter’s earnings and revenues is pegged at $7.33 per share and $9.33 billion.
BorgWarner Inc. (BWA - Free Report) is slated to release second-quarter 2026 results on Aug. 5. The company has an Earnings ESP of +0.62% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for BWA’s to-be-reported quarter’s earnings and revenues is pegged at $1.26 per share and $3.58 billion.