Rivian ($RIVN) stock jumps 10%+ after beating Q2 delivery goals and raising its full-year 2026 delivery guidance.

Rivian Automotive shares are trading higher Monday afternoon amid broader EV sector strength while the S&P 500 gains 1.6%.

The company now expects to ship a few thousand more vehicles by the end of 2026 than it previously expected, after launching its R2 SUV last month.