Rivian (Rivian (RIVN)) shares jumped more than 10% on Thursday after the electric vehicle maker raised its full-year 2026 delivery guidance, following a second quarter that came in well ahead of expectations.
The company now expects to deliver between 65,000 and 70,000 vehicles this year, up from its prior range of 62,000 to 67,000. The revision comes after Rivian produced 12,613 vehicles at its Normal, Illinois plant in the second quarter and delivered 12,194 — comfortably above its own guidance of 9,000 to 11,000.
In its announcement, Rivian said, “Delivery results topped Rivian’s outlook of 9,000 to 11,000 vehicles for the quarter due to robust growth quarter-over-quarter in EDV and R1 coupled with the introduction of R2 deliveries.”
The company added, “As a result of the progress Rivian has made, and the production and delivery outlook for the second half of the year, the company is today raising its full year 2026 delivery guidance from 62,000 – 67,000 vehicles, to 65,000 – 70,000.”
Rivian also said it will report second-quarter 2026 financial results after the market closes on July 30.
The update comes amid a flurry of delivery reports from other EV makers. NIO (NIO (NIO)) delivered 107,658 vehicles in the quarter, up 49.4% year over year. XPeng (XPeng (XPEV)) delivered 40,126 vehicles in June alone, with total Q2 deliveries reaching 103,295. Li Auto (Li Auto (LI)) delivered 30,895 vehicles in June, down 14.8% from a year earlier and 7.4% from May. And Tesla (Tesla (TSLA)) reported Q2 deliveries of 480,126 on Thursday, a 25% increase from a year ago.
Rivian shares were up 10.80% at $19.03 at the time of publication on Thursday, according to market data.
