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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Mark Delaney | Goldman Sachs | 7 (0%) |
| Dan Levy | Barclays | 7 (0%) |
| Joe Spak | UBS | 5 (20%) |
| George Gianarikas | Canaccord Genuity | 4 (0%) |
| Shreyas Patil | Wolfe Research | 4 (0%) |
| Adam Jonas | Morgan Stanley | 3 (33%) |
| Emmanuel Rosner | Wolfe Research | 3 (0%) |
| Itay Michaeli | TD Cowen | 2 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wolfe Research | 2 | 7 (0%) |
| Goldman Sachs | 1 | 7 (0%) |
| Barclays | 1 | 7 (0%) |
| UBS | 1 |
| 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 |
| 5 (20%) |
| Morgan Stanley | 2 | 4 (25%) |
| Canaccord Genuity | 1 | 4 (0%) |
| TD Cowen | 1 | 2 (0%) |
| +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 |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
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.
Cost Pressure | Demand | Margin | Trade Tariffs | Capex Investment | Subscriber Growth | Innovation & R&D | Supply Chain | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | |
| 2025Q1 | 1 | 2 | 1 | 2 | 1 | 1 | 3 | |
| 2025Q2 | 2 | 2 | 1 | 1 | 1 | |||
| 2025Q3 | 2 | 1 | 2 | 1 | ||||
| 2025Q4 | 1 | 3 | 1 | 1 | 1 | 1 | ||
| 2026Q1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Cost Pressure | 1 | 1 | 2 | 2 | 1 | 2 |
| Demand | 1 | 2 | 1 | 3 | 2 | |
| Margin | 1 | 1 | 2 | 2 | 1 | 1 |
| Trade Tariffs | 1 | 2 | 1 | 1 | ||
| Capex Investment | 2 | 1 | 1 | 1 | ||
| Subscriber Growth | 2 | 1 | 1 | 1 | ||
| Innovation & R&D | 2 | 1 | 1 | 1 | ||
| Supply Chain | 3 | 1 | 1 |
What RIVN and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“It's a big increase, roughly a 4x increase relative to the NVIDIA-based platform.”
Rivian's in-house RAP1 chip delivers roughly 4x the compute of its prior NVIDIA-based platform, displacing NVIDIA in Rivian's autonomy compute stack.
“relationship with Amazon continues to be something that we're very proud of”
Amazon made up nearly half of automotive revenue in the quarter as van volumes ramped meaningfully, a strong read-through for the commercial relationship.
“we were excited to announce a new strategic partnership with Uber to accelerate our shared autonomous vehicle goals.”
Rivian's new robotaxi partnership with Uber is designed to leverage Uber's marketplace density for future Level 4 R2 deployments.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
RIVN Rivian Automotive, Inc. | 7 | +11.4% | |
| F Ford Motor Company | 9 | +6.4% | |
| GM General Motors | 7 | -0.9% | |
| HOG Harley-Davidson, Inc. | 3 | -11.8% | |
| LCID Lucid Group, Inc. | 5 | +20.2% |