Rivian Automotive Inc (NASDAQ:RIVN) shares rose about 8% following the company’s second-quarter production and delivery update and an upward revision to its full-year outlook.
The electric vehicle maker said it produced 12,613 vehicles at its Normal, Illinois manufacturing facility during the quarter ended June 30, 2026, while deliveries totaled 12,194 vehicles
The delivery figure exceeded Rivian’s prior guidance range of 9,000 to 11,000 vehicles for the period. Rivian attributed the stronger-than-expected performance to quarter-over-quarter growth in both its Electric Delivery Van (EDV) and R1 vehicle lines, as well as the introduction of initial R2 deliveries. Following the results and its updated production trajectory for the second half of the year, Rivian raised its full-year 2026 delivery guidance to 65,000 to 70,000 vehicles, up from a prior range of 62,000 to 67,000 vehicles