Rivian Automotive Shares Surge 15% After Q4 Earnings Beat and Strong 2026 Delivery Outlook

Rivian

Prime Highlights

  • Rivian shares jumped more than 15% in after-hours trading after the company reported better-than-expected fourth-quarter results and projected a sharp increase in vehicle deliveries for 2026.
  • The upcoming R2 SUV, priced around $45,000 and launching in the second quarter, is expected to become Rivian’s primary volume driver by 2027 as production ramps up in Illinois.

Key Facts

  • Rivian posted a fourth-quarter adjusted loss of 54 cents per share on revenue of $1.29 billion, outperforming analyst expectations of a 68-cent loss and $1.26 billion in revenue.
  • The company forecasts 62,000 to 67,000 vehicle deliveries in 2026, representing 47% to 59% growth from 2025, while projecting adjusted pre-tax losses of $1.8 billion to $2.1 billion.

Background

Shares of Rivian Automotive surged more than 15% in after-hours trading Thursday after the electric vehicle maker reported stronger-than-expected fourth-quarter results and outlined plans for a sharp rise in deliveries this year.

The company posted an adjusted loss of 54 cents per share on revenue of $1.29 billion, beating analyst expectations of a 68-cent loss and $1.26 billion in revenue. Rivian said it aims to deliver between 62,000 and 67,000 vehicles in 2026, representing a 47% to 59% increase from 2025 levels.

CEO RJ Scaringe said the upcoming R2 SUV will play a key role in growth. The midsize vehicle, priced at about $45,000, is set to launch in the second quarter and is expected to become the company’s main volume driver by 2027. Production will ramp up at Rivian’s plant in Normal, Illinois.

Despite growth plans, Rivian expects adjusted pre-tax losses of $1.8 billion to $2.1 billion in 2026, alongside capital spending of up to $2.05 billion. The company narrowed its net loss to $3.6 billion in 2025 from $4.75 billion a year earlier.

Rivian reported its first annual gross profit of $144 million in 2025, supported partly by its software joint venture with Volkswagen. CFO Claire McDonough described 2026 as a transition year as production shifts toward the R2.

The company ended the year with $6.59 billion in liquidity, which puts it in a strong position to pay for growth and boost profits.

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