Rivian Automotive Inc. (NASDAQ:RIVN) shares are in focus Monday after the company reported second-quarter production and delivery figures Thursday.
The Numbers
Rivian produced 12,613 vehicles and delivered 12,194 at its manufacturing facility in Normal, Illinois during the quarter ending June 30. Deliveries topped the company’s own outlook of 9,000 to 11,000 vehicles, driven by robust quarter-over-quarter growth in EDV and R1 vehicles alongside the introduction of R2 deliveries.
Guidance Raised
As a result of the strong quarter and a positive production and delivery outlook for the second half of the year, Rivian raised its full-year 2026 delivery guidance from 62,000 to 67,000 vehicles to 65,000 to 70,000 vehicles.
