Q1 2026 Earnings Results. Georgia Plant Capacity Increased to 300K Vehicles!

[Electronaut]

It's earnings day. The earnings call webcast starts at 5pm ET - link:

https://rivian-q1-earnings-webcast-2026.open-exchange.net/registration



Q1 2026 results:

Revenue: $1.381B
Gross Profit: $119M ($59M in credits)
- Automotive: -$62M
- Software: $181M

OPEX: $1.0B
Net Loss: -$416M

Adjusted EBITDA Loss: -$472M
Cash & Short-Term Investments: $4.83B

Production: 10,236
Deliveries: 10,365


More data (summarized by @SANZC02)

• Started production of saleable R2 vehicles and made first deliveries to employees with external customer deliveries expected in the coming weeks
• Consolidated revenue growth of 11 percent year-over-year and generated $119 million of consolidated gross profit for the quarter
• Increased Georgia plant initial production capacity to 300,000 vehicles annually; expects first advance on $4.5 billion DOE loan in early 2027
• Robotaxi partnership with Uber to deploy up to 50,000 fully autonomous robotaxis
• $1 billion of funding from Volkswagen Group through successful completion of winter testing

Sponsored

 

[savethemanual]

Get ready for the spin on how bad RIVN is doing from the click bait financial web sites....

 

[Great Gatsby]

Get ready for the spin on how bad RIVN is doing from the click bait financial web sites....

I've clicked "do not recommend" and have done the same with the Youtubers. Its incredible how often they can be wrong and yet still get visits. Has done wonders for my peace of mind, honestly. I don't know how people can delve themselves into constant negativity. It is truly exhausting.

 

[SANZC02]

The shareholder’s letter is posted.

Edit:

POSTED
April 30, 2026

• Started production of saleable R2 vehicles and made first deliveries to employees with external customer deliveries expected in the coming weeks
• Consolidated revenue growth of 11 percent year-over-year and generated $119 million of consolidated gross profit for the quarter
• Increased Georgia plant initial production capacity to 300,000 vehicles annually; expects first advance on $4.5 billion DOE loan in early 2027
• Robotaxi partnership with Uber to deploy up to 50,000 fully autonomous robotaxis
• $1 billion of funding from Volkswagen Group through successful completion of winter testing

 

[Electronaut]

Earnings results:

Revenue: $1.381B
Gross Profit: $119M ($59M in credits)
- Automotive: -$62M
- Software: $181M

OPEX: $1.0B
Net Loss: -$416M

Adjusted EBITDA Loss: -$472M
Cash & Short-Term Investments: $4.83B

Production: 10,236
Deliveries: 10,365

 

[mkg3]

So, up til now, GA was always discussed as R2/R3 production site. Now the wording is Midsized Platform.

Some unknown new vehicle(s) coming from Rivian sooooon?

 

[savethemanual]

So, up til now, GA was always discussed as R2/R3 production site. Now the wording is Midsized Platform.

Some unknown new vehicle(s) coming from Rivian sooooon?

They have a few new vehicles in their long term plan. Can’t wait until they show the world what they are!

 

[Dark-Fx]

So, up til now, GA was always discussed as R2/R3 production site. Now the wording is Midsized Platform.

Some unknown new vehicle(s) coming from Rivian sooooon?

It's been the MSP for a while.

 

[portdirect]

It's been the MSP for a while.

There’s also a ‘mass market’ or similar thing that was on the old slide deck with a bunch of rendered cars under rendered drop cloths?

 

[DuoRivians]

It’s still not clear whether the GA plant will be 400k total capacity (ie over two stage buildout) or 300k total capacity.

The way I heard it, it seemed like Rivian is deciding to back away from two stages and just build it in one stage.

 

[VandalSibs]

It’s still not clear whether the GA plant will be 400k total capacity (ie over two stage buildout) or 300k total capacity.

The way I heard it, it seemed like Rivian is deciding to back away from two stages and just build it in one stage.

The shareholder deck says "still providing significant room for future expansion in later phases."

 

[DuoRivians]

The shareholder deck says "still providing significant room for future expansion in later phases."

Yeah but they declined federal loans for the second phase. And it’s not like Rivian is in a position to self fund via positive cash flows

 

[Sgt Beavis]

All I really want to know is when can I buy an R3X.

 

[P.S.Mangelsdorf]

So, up til now, GA was always discussed as R2/R3 production site. Now the wording is Midsized Platform.

Some unknown new vehicle(s) coming from Rivian sooooon?

My understanding was that the R2 and R3 essentially share a basic platform, which they're calling the midsized platform.

 

[iansriv]

Some unknown new vehicle(s) coming from Rivian sooooon?

It's the hypercar I've been recommending for ages. Stick the new quad motors in a beautiful looking super/hyper car and there you have it-mid life crisis at it's best!

Sponsored