Rivian (RIVN) Q2 2026 earnings: revenue up 27%, gross margins soaring

Rivian, the electric vehicle maker, reported strong second-quarter results this week, with revenue up 27% to $1.66 billion and its best-ever profit margin. The big news for shoppers is that the company began delivering its R2 model on June 9. The R2 is Rivian's smaller, cheaper SUV, meant to bring the brand's price down from six figures to something closer to what mainstream buyers pay, though the initial "Performance" version starts around $58,000. A lower-priced "Standard" version isn't expected until 2027.

Rivian says it's still losing money on building cars themselves right now, since ramping up a new model is expensive, but a separate software and services deal with Volkswagen is propping up the company's overall finances. Rivian raised more cash recently, including a stock sale and expected investments from Volkswagen and Uber, giving it access to more than $14 billion in current and future funding. The company also raised its delivery targets for the year, meaning it expects to sell close to double the vehicles in the second half of the year compared with the first half.

None of this changes pricing or availability for a specific home right now, but it signals that Rivian's R2 is moving from preorders into real deliveries, and that a lower-cost "Standard" trim is still a couple of years off. If you're weighing an EV purchase alongside home solar or charging setup plans, this is useful context on where Rivian's lineup and pricing stand.