{"id":1470,"date":"2026-07-31T07:10:00","date_gmt":"2026-07-31T07:10:00","guid":{"rendered":"https:\/\/interstatemovingexpertss.com\/?p=1470"},"modified":"2026-07-31T07:10:00","modified_gmt":"2026-07-31T07:10:00","slug":"rivian-reduces-2026-spending-plans-narrows-earnings-guidance","status":"publish","type":"post","link":"https:\/\/interstatemovingexpertss.com\/?p=1470","title":{"rendered":"Rivian reduces 2026 spending plans, narrows earnings guidance"},"content":{"rendered":"<div><div><div><div><p>In this article<\/p><\/div><ul><li><span>RIVN<\/span><span><button><\/button><\/span><\/li><\/ul><\/div><div><button><span><span>Follow your favorite stocks<\/span><span>CREATE FREE ACCOUNT<\/span><\/span><\/button><\/div><\/div><div><div><div><div><div>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" alt=\"Rivian CEO RJ Scaringe on R2 demand and autonomous driving development\" class=\"wp-image-1469\" height=\"422\" src=\"https:\/\/interstatemovingexpertss.com\/wp-content\/uploads\/2026\/07\/c0bfe5afef94adb20684f553f1c57eb7.jpg\" width=\"750\" srcset=\"https:\/\/interstatemovingexpertss.com\/wp-content\/uploads\/2026\/07\/c0bfe5afef94adb20684f553f1c57eb7.jpg 750w, https:\/\/interstatemovingexpertss.com\/wp-content\/uploads\/2026\/07\/c0bfe5afef94adb20684f553f1c57eb7-300x169.jpg 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure>\n<span><div><div><span>watch now<\/span><\/div><\/div><\/span><\/div><div><div><span>VIDEO<\/span><span>7:25<\/span><span>07:25<\/span><\/div><div>Rivian CEO RJ Scaringe on R2 demand and autonomous driving development<\/div><div>Tech<\/div><\/div><\/div><\/div><\/div><\/div><div><p><span>Rivian Automotive<span><span><button><\/button><\/span><\/span><\/span> reduced its 2026 spending plans and slightly narrowed its previously\u00a0forecast losses this year as the company reported second-quarter results Thursday.<\/p><p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=1467\">Iran targets strategic U.S. assets in Kuwait, Bahrain after Egypt drone attack<\/a><\/p><p>The revised guidance now includes adjusted losses between $1.8 billion and $2 billion, down from $1.8 billion to $2.1 billion, and capital expenditures of $1.7 billion to $1.8 billion, down from $1.95 billion to $2.05 billion. It reconfirmed a previously raised delivery target of 65,000 to 70,000 vehicles to customers.<\/p><p>Rivian said the $250 million reduction in capital spending at the mid-point was enabled by &#8220;project efficiencies and timing of spend,&#8221; which the automaker previously increased to allow for added investments in new technologies such as its hands-free driving system.<\/p><p>Here&#8217;s how Rivian performed in the second quarter, compared with average estimates compiled by LSEG:<\/p><ul><li> 47 cents adjusted vs. a loss of 63 cents expected<\/li><li> $1.66 billion vs. $1.51 billion expected<\/li><\/ul><p>The company&#8217;s gross profit, which is closely watched by investors, was $179 million compared with a loss of $206 million a year earlier. That included a $36 million loss for its automotive segment and a $215 million profit for its software and services division.<\/p><p>Rivian&#8217;s second-quarter revenue included $1.14 billion from automotive and $515 million from software and services. The results were slightly higher than its pre-released second-quarter revenue expectations of between $1.55 billion and $1.65 billion that were released last month in conjunction with disclosing a public offering of 75 million shares of its Class A common stock.<\/p><p>Automotive revenue increased 23% year over year, primarily due to a 14% increase in vehicle deliveries and a $103 million increase in revenues related to regulatory credits, the company said.<\/p><\/div><div><p>Rivian&#8217;s net loss attributable to common stockholders during the  second quarter was $837 million, or 63 cents a share, a $278 million, or 34 cent per share, improvement compared with the second quarter of 2025.<\/p><p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=1465\">\u2018The Odyssey\u2019 extends stay in 70mm IMAX theaters as shows sell out weeks in advance<\/a><\/p><p>Rivian previously said the raised delivery guidance was driven by higher deliveries during the second quarter of its electric delivery van and flagship R1 products.<\/p><p>The company also started\u00a0delivering its midsize R2 SUV\u00a0during the quarter. It&#8217;s ramping up production of that vehicle at its sole production plant in Normal, Illinois, which has capacity to produce 160,000 of the vehicles annually.<\/p><p>&#8220;Incredibly excited with R2 now getting into customers&#8217; hands, and the overall feedback and response to the product has just been outstanding,&#8221; Rivian CEO RJ Scaringe told CNBC&#8217;s Phil LeBeau on Thursday. &#8220;And so, of course, that&#8217;s a major step for us on our path to profitability.&#8221;<\/p><p>Scaringe has said Rivian will reach profitability this year on a per-unit production basis with the R2, a smaller and less expensive sibling to its current luxury R1S SUV. But he said the company needs more scale than the 160,000 units already planned for the vehicle at its current plant to achieve profitability.<\/p><p>Rivian on Thursday reconfirmed its cash, cash equivalents and short-term investments balance was an estimated $5.3 billion, up from $4.8 billion to end the first quarter. <\/p><p>The company said later this year it expects to receive $1 billion in non-recourse debt financing from its software deal with Volkswagen Group and an additional $250 million equity investment from a separate partnership with <span>Uber<span><span><button><\/button><\/span><\/span><\/span>.<\/p><p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=1463\">Trump says sanctions bill should include tariffs on Iran, despite \u2018trivial\u2019 trade with U.S.<\/a><\/p><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Rivian reduced its 2026 spending plans and slightly narrowed its previously\u00a0forecast losses this year as the company reported second-quarter results.<\/p>\n","protected":false},"author":1,"featured_media":1468,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-autos"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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