- Rivian Automotive said that it expects to deliver 9000-11,000 vehicles in the first half of the year.
- The company plans to build R2 on a single shift initially and add a second shift towards the end of the year.
- Scaringe noted on Thursday during the company’s earnings call that R2 production will ramp as fast as the slowest part in the company’s supply chain.
EV-maker Rivian Automotive (RIVN) on Thursday announced lower-than-expected loss for the fourth-quarter (Q4) of 2025, sending shares rallying 15% after hours.
Rivian reported a loss per share of $0.66 for the quarter, compared to an average analyst estimate of a loss of $0.67 per share.
Revenue for the period came in at $1.29 billion, above a Wall Street expectation of $1.27 billion, as per data from Fiscal AI, thanks to an increase in software and services segment revenue spurred by the company’s joint venture with German automaker Volkswagen.
R2 Spurs Upbeat Delivery Guidance
For fiscal 2026, the company now expects to deliver 62,000-67,000 vehicles, significantly higher than the 42,247 delivered in 2025, as it gears up to launch its R2 SUV. The R2 SUV is expected to be priced around $45,000, unlike Rivian’s current offerings priced at about $70,000.
The company said that it expects to deliver 9000-11,000 vehicles in the first half of the year as it starts the production of R2 and increase delivery numbers in the second half. The company plans to build R2 on a single shift initially and add a second shift towards the end of the year. A third shift will be added in 2027, Rivian CEO RJ Scaringe said.
Scaringe noted on Thursday during the company’s earnings call that R2 production will ramp as fast as the slowest part in the company’s supply chain, reiterating the sentiment of Tesla CEO Elon Musk who shared a similar opinion in 2021 regarding the production ramp at the EV giant’s factory in Shanghai.
Rivian is now expected to share more details on the R2 next month. The company will share details pertaining to the vehicle’s pricing, options, and more on March 12. The launch variant of the R2 variant will feature dual motors and all-wheel drive, the company added.
Financial Guidance
Rivian now expects FY26 adjusted core loss in the range of $1.80-$2.10 billion, in line with the $2.06 billion adjusted core loss recorded in 2025.
Rivian expects to receive another $2 billion in 2026 from Volkswagen as part of its joint venture. The Rivian and Volkswagen Group Technologies joint venture is a $5.8 billion partnership officially launched in November 2024. It combines Rivian’s software and electrical architecture with Volkswagen’s manufacturing capabilities and scale to develop "Software-Defined Vehicles."
The company said it will receive $1 billion following the successful completion of winter testing. Scaringe said on Thursday that the company has already delivered the vehicles for winter testing, merely 13 months after the formation of the joint venture.
How Did Stocktwits Users React?
On Stocktwits, retail sentiment around RIVN stock rose from 'bullish’ to ‘extremely bullish’ territory over the past 24 hours, while message volume increased from ‘high’ to ‘extremely high’ levels.
RIVN stock has gained 12% over the past 12 months.
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