Rivian Automotive reports a loss of $0.33 per share in Q1 2026
Rivian Automotive, Inc.’s share was trading at $16.95 as of June 1st. The company delivered its largest quarterly EPS beat to date in Q1 2026, reporting a loss of $0.33 per share versus expectations of $0.60.
The company grew deliveries 20% year-over-year and received a $1 billion investment from Volkswagen. It also secured a 50,000-vehicle autonomous mobility agreement with Uber and began saleable R2 production.
Rivian’s software and services segment generated $181 million in gross profit during the quarter, helping offset automotive losses. The company’s business is approaching a major inflection point, with a vehicle manufacturing operation steadily improving economics.
The core driver of long-term value is the company’s growing software and services segment, which is expected to continue driving growth