Core Insights - Rivian Automotive reported fourth-quarter revenue of $1.29 billion, a decrease from $1.73 billion in the same quarter last year, but above the consensus estimate of $1.27 billion [2][3] - The company experienced a significant decline in automotive revenue, which totaled $839 million, down 45% year-over-year, attributed to lower vehicle deliveries and average sales price [3] - Rivian's software and services revenue increased by 109% year-over-year, reaching $447 million in the fourth quarter [3] - The company reported a loss of 54 cents per share, which was better than the expected loss of 68 cents per share [3] - Rivian's consolidated gross profit for the fourth quarter was $120 million, with a full-year gross profit of $144 million, an improvement of $1.3 billion compared to fiscal 2024 [4] Production and Deliveries - Rivian produced 10,974 vehicles and delivered 9,745 vehicles in the fourth quarter, with total deliveries for the fiscal year reaching 42,247 vehicles [4] - The full-year revenue for Rivian was $5.39 billion, reflecting an 8% increase year-over-year [4] Future Outlook - The company plans to deliver the R2 vehicle to customers in the second quarter of 2026, with expectations of strong early reviews for pre-production builds [6] - Rivian provided guidance for 2026, projecting deliveries of 62,000 to 67,000 vehicles, a significant increase from 2025 [6] - Adjusted EBITDA is expected to range from a loss of $2.1 billion to a loss of $1.80 billion for fiscal 2026, with capital expenditures estimated between $1.95 billion and $2.05 billion [7] Stock Performance - Rivian's stock rose by 16.6% to $16.30 in after-hours trading, within a 52-week trading range of $10.36 to $22.69 [8]

Core Insights - Rivian has announced its delivery expectations for 2026, with a range of 62,000 to 67,000 vehicles, surpassing analyst estimates of 63,402 vehicles [1] - The company's stock surged by 13% in after-hours trading following the announcement [1] - Rivian also stated that its long-awaited mid-size SUV model is set to begin deliveries in the second quarter [1] Financial Performance - For the fourth quarter, Rivian reported revenue of $1.29 billion, a 26% year-over-year decline, compared to the expected revenue of $1.26 billion [1] - The adjusted loss per share was $0.54, compared to a loss of $0.46 in the same period last year, while the expected loss was $0.69 [1]

Core Viewpoint - Rivian Automotive forecasts a 53% increase in deliveries by 2026, aligning with Wall Street expectations, primarily due to the launch of its more affordable R2 SUVs [1] Company Summary - Rivian is set to roll out its R2 SUVs, which are expected to drive significant growth in deliveries [1] Industry Summary - The electric vehicle market is anticipated to see increased competition and growth, particularly with the introduction of more affordable models like Rivian's R2 SUVs [1]

The Rivian R2 is on display during the 2025 Los Angeles Auto Show at the Los Angeles Convention Center on Nov. 23, 2025 in Los Angeles, California.Rivian Automotive on Thursday beat Wall Street's fourth-quarter expectations and said it's targeting a significant increase in vehicle deliveries this year, but the automaker also cautioned that it will continue losing money as it launches its crucial R2 next-generation vehicle.Rivian's 2026 guidance includes increasing vehicle deliveries to between 62,000 and 67 ...

Q4 2025 Shareholder Letter © 2026 Rivian. All rights reserved. 2 2025 was a year of focused execution at Rivian as we laid the foundations for scaling our business. Our team progressed the development of our technology roadmap and R2, our mass-market midsized SUV, while simultaneously driving continued improvement in our customer experience and our path to profitability. While we continue to face near-term uncertainty from macroeconomic and policy developments, we remain focused on our long-term growth stra ...

The fourth quarter earnings season is more than halfway over, and the S&P 500 is on track for solid earnings growth. As of Feb. 6, 59% of S&P 500 (^GSPC) companies have reported fourth quarter results, according to FactSet data, and Wall Street analysts estimate a 13% increase in earnings per share for the fourth quarter. If that rate holds, it would represent the 10th consecutive quarter of annual earnings growth for the index and the fifth consecutive quarter of double-digit growth. S&P 500 earnings gr ...

Core Insights - The Rivian R2 represents a significant opportunity for the company to scale up, with a starting price of approximately $45,000, making it competitive with the Tesla Model Y [2][3][6] - The R2 is seen as Rivian's entry into the mass market for electric vehicles, with expectations of strong demand despite a general slowdown in the EV market [4][5] - Rivian has paused plans for a new factory in Georgia to focus on upgrading its existing facility in Normal, Illinois, aiming for annual production of over 100,000 units [5][7] Product Features and Reviews - Marques Brownlee noted that the R2 retains appealing features from the R1S but in a smaller and more affordable package [2] - Doug DeMuro praised the R2 as possibly the best all-around electric vehicle he has driven, giving it a score of 70 out of 100, which is only behind the R1S [4] Production and Delivery Outlook - Rivian is targeting deliveries of the R2 in the first half of 2026, which could significantly alter its delivery totals for the year [8] - The company reported 42,247 deliveries in 2025, reflecting an 18% year-over-year decline, but the R2's introduction is expected to positively impact future delivery numbers [8] Stock Performance - Rivian's stock is currently down 1.3% to $14.76, with a year-to-date decline of 24.0% in 2026 [10]

Group 1 - The S&P 500 is projected to achieve a 13% increase in earnings per share for the fourth quarter, marking the 10th consecutive quarter of annual earnings growth and the fifth consecutive quarter of double-digit growth [1] - As of February 6, 59% of S&P 500 companies have reported their fourth quarter results, indicating a strong earnings season [1] - Analysts had initially expected an 8.3% increase in earnings per share before raising expectations, particularly for technology companies, which have been significant contributors to earnings growth in recent quarters [3] Group 2 - Major capital expenditures by Big Tech are influencing the AI trade, with ongoing themes such as artificial intelligence and economic policies continuing to impact market dynamics [4] - Upcoming earnings reports from companies including Coca-Cola, Spotify, Robinhood, Lyft, Ford, Rivian, Moderna, Airbnb, and Coinbase are anticipated to provide further insights into market trends [4]

Core Insights - The electric vehicle boom is transforming car manufacturing in America, with Rivian Automotive at the forefront, showcasing significant technological advancements and partnerships [1] - Rivian has achieved notable financial milestones, including a gross profit of $24 million in Q3 2025 and a 78% increase in sales year-over-year [4] Financial Performance - Rivian reported $1.56 billion in sales for Q3 2025, exceeding Wall Street's estimate of $1.46 billion, marking a substantial growth of 78% compared to the previous year [4] - The company experienced its second profitable quarter with a gross profit of $24 million, a significant recovery from a gross loss of $392 million the previous year [4] - Despite a loss of $0.65 per share in Q3 2025, this was better than the expected loss of $0.72 per share, indicating improved operational efficiency [4] Future Projections - Rivian's management has revised its delivery forecast for 2026 to between 66,000 and 68,000 vehicles, with revenue expected to grow from $5.4 billion in 2025 to over $6 billion in 2026 [5] - The adjusted EBITDA loss is projected to narrow to between $2 billion and $2.25 billion, reflecting ongoing improvements in financial performance [5] Market Sentiment - Wall Street analysts maintain a cautious but optimistic outlook on Rivian, with a consensus rating of "Hold" as they await the launch of the R2 SUV [6] - Out of 26 analysts, 9 recommend a "Buy," 13 suggest "Hold," and 4 advise "Sell," with an average price target of approximately $16.58, indicating potential upside [6] Legal Challenges - Rivian agreed to pay $250 million to settle a lawsuit from investors regarding undisclosed costs during its 2021 IPO, which previously led to a significant stock price drop [2]

Core Viewpoint - Rivian Automotive's stock is currently undervalued, presenting a potential investment opportunity as the company prepares for significant growth in sales and profitability in the coming years [1][2]. Group 1: Sales Growth Potential - Rivian is expected to experience major sales growth in 2026, driven by its aggressive push into self-driving technology and the introduction of in-house silicon chips and a next-gen computer [3][4]. - The imminent launch of Rivian's new model, the R2, priced at $45,000, is anticipated to attract a broader customer base, tapping into tens of millions of potential buyers who prefer vehicles under $50,000 [5][6]. - Sales growth is projected to jump to 27% in 2026, compared to a modest 8% growth rate in 2025 [6]. Group 2: Profitability Outlook - Rivian's stock trades at a significant discount compared to peers like Tesla, but this valuation gap may narrow as the company approaches profitability, particularly with the R2 model's sales expected to ramp up [7]. - The CEO's compensation structure includes bonuses tied to achieving profitability, which could be realized as the company scales up production and sales of the R2 [7].