LSE:KLAR 12 January 2026

July 3, 2026, 1:40 AM EDT. Rivian Automotive (NASDAQ: RIVN) turned in Q2 2026 numbers that came in ahead of guidance, building 12,613 vehicles and delivering 12,194. That clears the company's expected range of 9,000 to 11,000 units, boosted by R1 sales, EDV vans, and the first R2 shipments. Rivian now targets 65,000-70,000 deliveries for the year, up from 62,000-67,000. Q1 auto gross margin slipped, with a $62 million loss where there was a $92 million profit last year. Higher costs from the R2 launch and tooling dragged on the result. Software and services revenue, up 49% to $473 million, helped offset some pressure. Total Q1 revenue was $1.38 billion-just above what the Street expected-and Rivian cut net loss to $416 million from $518 million a year ago. Cash and short-term investments stood at $4.84 billion with another $1 billion coming from VW.