Deliveries exceed quarterly guidance
Shares of Rivian Automotive (NASDAQ:RIVN) climbed 5% on Thursday after the electric vehicle manufacturer reported second-quarter production and delivery figures that surpassed its own expectations and prompted an increase to its full-year delivery outlook.
During the quarter ended 30 June, Rivian produced 12,613 vehicles at its manufacturing facility in Normal, Illinois, while customer deliveries reached 12,194 vehicles.
The delivery total exceeded the company’s previous guidance range of between 9,000 and 11,000 vehicles.
Growth driven by core models and R2 launch
Rivian said the stronger-than-expected performance reflected solid quarter-over-quarter demand for its EDV commercial vans and R1 consumer vehicles, alongside the start of deliveries for its new R2 model.
The improved operating performance has strengthened management’s confidence in the remainder of the year.
Company lifts full-year guidance
Following the stronger second-quarter results and its outlook for the second half of 2026, Rivian increased its full-year vehicle delivery forecast.
The company now expects deliveries of between 65,000 and 70,000 vehicles during 2026, compared with its previous guidance of 62,000 to 67,000 vehicles.
The revised outlook raises the midpoint of the forecast by 3,500 vehicles, representing an increase of approximately 5.5% over the prior estimate.