Rivian Automotive, Inc. (RIVN) Announced Q1 2026 Earnings on April 30, 2026, Reporting consolidated revenue in the first quarter was approximately $1.4 billion.

Rivian Automotive, Inc. reported that for the first quarter, "consolidated revenue in the first quarter was approximately $1.4 billion". Management stated that "consolidated gross profit was $119 million, and our gross margin was 9%" for the quarter.

The company noted that "adjusted EBITDA losses for the first quarter were 472million".Additionally,theSoftwareandServicessegmentgenerated"473 million of revenue" and "$181 million of gross profit" for the quarter.

Rivian ended the quarter with "approximately $4.8 billion of cash, cash equivalents and short-term investments".A major highlight of the quarter was the start of "saleable R2 production". CEO RJ Scaringe stated that R2 is "our first mass market vehicle" and expects the bill of materials to be "approximately half of our R1 platform". Rivian also discussed a new "strategic partnership with Uber to accelerate our shared autonomous vehicle goals" and noted that development of the "Rivian Autonomy Processor or RAP1" chip is on track.

Furthermore, the company highlighted a partnership with the U.S. Department of Energy, featuring an "up to $4.5 billion DOE loan" to expand the initial capacity of its future Georgia plant to "300,000 units".Looking ahead to the full year 2026, Rivian maintained its guidance "to deliver between 62,000 and 67,000 total vehicles across R1, R2 and our commercial vans". The company expects second quarter 2026 deliveries of "approximately 9,000 to 11,000 vehicles". For the full year 2026, Rivian continues to expect an "adjusted EBITDA loss of between $2.1 billion to $1.8 billion" and "capital expenditures of $1.95 billion to $2.05 billion". Management believes 2026 is a "transition year for the Automotive segment's path towards long-term profitability" as they scale the R2.