Loading
Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Rivian Automotive, Inc. (RIVN) is 7/10.
In the first quarter of 2026 Rivian began saleable R2 production in Normal, a landmark milestone, and grew consolidated revenue about 11% to approximately $1.4 billion with $119 million of gross profit at a 9% margin. Automotive gross profit was a $62 million loss on a $100 million decrease in regulatory-credit sales and lower volumes, while software and services revenue rose 49% to $473 million and early Autonomy+ take rates exceeded management's models. Rivian announced an Uber robotaxi partnership, raised first-phase Georgia capacity to 300,000 units backed by a $4.5 billion Department of Energy loan, and absorbed a tornado at the Normal factory without changing 2026 guidance. Cash fell to about $4.8 billion as the company invests behind the R2 ramp and autonomy.
Scored from Rivian Automotive, Inc.’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
Full Pro access for 30 days when you create a free account. No credit card required.
All prior quarters are free.
On August 24, 2026, CFO Claire McDonough notified Rivian of her decision to resign effective October 30, 2026 to pursue a new opportunity and relocate closer to family. Her resignation is not the result of any disagreement with the company on financial reporting, operations, policies or practices. She will remain in her role through the effective date to assist the transition. VP of Finance Derek Mulvey is expected to be appointed interim CFO, and an executive search for a permanent CFO is underway.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.73B | +31.9% | $-0.70 | +55.7% | — | -38.1% | -42.8% | $856M |
| FY2025 Q1 | $1.24B | +3.0% | $-0.48 | +67.5% | — | -52.8% | -44.0% | $-526M |
| FY2025 Q2 | $1.30B | +12.5% | $-0.97 | +33.6% | — | -85.5% | -85.7% | $-398M |
| FY2025 Q3 | $1.56B | +78.3% | $-0.96 | +11.1% | — | -63.1% | -75.3% | $-421M |
| FY2025 Q4 | $1.29B | -25.8% | $-0.66 | +5.7% | — | -64.8% | -63.1% | $-1.14B |
| FY2026 Q1 | $1.38B | +11.4% | $-0.33 | +31.3% | — | -63.8% | -30.1% | $-1.07B |
| FY2026 Q2 | $1.66B | +27.2% | $-0.63 | +35.1% | — | -50.4% | -50.2% | $-849M |