Shares of Rivian Automotive Inc. jumped 14% to $16 during after-hours trading after it predicted 2026 deliveries will rise to between 62,000 and 67,000, a possible 47% to 59% rise from 42,247 delivered in 2025.
Irvine-based Rivian, with a market cap of $17 billion, said the first R2s deliveries are expected to begin in the second quarter.
“In 2025 we focused on execution as we laid the foundation for dramatically scaling our business,” Founder and Chief Executive RJ Scaringe said in a statement. “It’s incredibly exciting to see the early strong reviews of the R2 pre-production builds, and we can’t wait to get them to our customers next quarter.”
The company reported fourth quarter fell 31% to $1.3 billion, which still topped analysts’ consensus of $1.27 billion (Nasdaq: RIVN).
The sales decline was attributed to the expiration of tax credits and a decline in regulatory credit sales.
Updated on Feb. 12
