Rivian’s revenue is up as R2 production kicks into gear
Rivian reported increased revenue in the first quarter of 2026, driven by higher production and growth in software and subscription services, even as automotive revenue slightly declined. The company is ramping up production of its R2 electric SUV, aiming to boost sales amid cooling EV demand and maintain positive gross profit margins by year-end. Rivian also secured additional investment from Volkswagen through a software joint venture and advanced plans for autonomous driving technology.
- ▪Rivian generated $1.38 billion in revenue in Q1 2026, an 11.3% increase from the same period in 2025.
- ▪The company produced 10,236 vehicles in Q1 2026, a 30% year-over-year increase, at its Normal, Illinois factory.
- ▪Software and subscription services brought in $473 million, a 48.7% increase compared to Q1 2025.
- ▪Rivian reaffirmed its goal of selling 62,000–67,000 vehicles in 2026, including 20,000 R2 models by year-end.
- ▪Volkswagen released an additional $1 billion in funding for its software joint venture with Rivian, part of a $5.8 billion commitment.
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TransportationCloseTransportationPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All TransportationBusinessCloseBusinessPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All BusinessNewsCloseNewsPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All NewsRivian’s revenue is up as R2 production kicks into gearThe company maintains it will achieve positive gross profits by the end of the year.The company maintains it will achieve positive gross profits by the end of the year.by Andrew J. HawkinsCloseAndrew J.
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