Rivian Automotive Inc - Ordinary Shares - Class A

Rivian Automotive Inc - Ordinary Shares - Class A

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Market Cap$18.2B
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P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Rivian Automotive Inc - Ordinary Shares - Class ARivian Automotive Inc - Ordinary Shares - Class A-5.8--63%3.81.3

Earnings Call Q2 2026

July 30, 2026 - AI Summary

R2 ramp + early demand signals (good/surprising) - External customer deliveries began in June; RJ framed R2 as a “game changer” for long-term growth and profitability. - 57,000 demo drives in Q2 (record); management said Launch Edition reservation-to-order conversion is meaningfully higher than expected (no exact % shared). - Production ramp: started with single shift in Normal; management expects scale to two shifts by end of Q3. Ramp is gated by the slowest supplier; coordination across many suppliers is the key focus. - Demand not reported as the key limiter; management emphasized supply-chain readiness as the main gating factor for the back half.
Financial results (mixed: improving gross profit, still heavy losses) - Revenue: $1.66B in Q2 (+27% YoY). - Gross profit: $179M, gross margin 11% (includes $138M D&A and $31M stock-based comp). - Adjusted EBITDA loss: ($379M), driven by gross profit not yet enough to cover ramp/investment opex (scaling R2 + autonomy investment). - Automotive segment improvement: Automotive gross profit loss reduced to ($36M) vs ($335M) prior-year—+$299M improvement from higher volumes, regulatory credit revenue, and IEEPA tariff refund receivable, partly offset by R2 ramp inefficiencies.
2026 guidance + outlook (key forecasts; also acknowledges headwinds) - Total deliveries guidance: raised to 65,000–70,000 vehicles in 2026 (from prior guidance by +3,000 units), implying ~42,400–47,400 deliveries in 2H, weighted toward Q4 as R2 ramps. - Automotive gross profit timing: management expects Q3 automotive gross profit remains pressured due to ramp complexity, similar to Q2; expects benefit in Q4 as volume scales—positive automotive gross profit expected at the 2026 exit rate. - Adjusted EBITDA loss (2026): ($2.0B to $1.8B) (midpoint improved by $50M). Claire cited offsetting items: - Tailwinds: better-than-expected regulatory credits and higher delivery volumes (from guidance increase). - Headwinds: raw materials, memory, logistics cost increases, and continued ramp/autonomy investment.

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$17.50

Target Price by Analysts

14.5% upsideRivian Automotive Target Price DetailsTarget Price

Share Statistics

Market cap$18.20 Billion
Enterprise Value$21.39 Billion
Dividend Yield$- (-)
Earnings per Share$-3.07
Beta1.62
Outstanding Shares1,287,000,000

Return

Return on Equity-63.06%ROE
Return on Assets-21.35%
Return on Invested Capital-29.98%

Valuation & Multiples

P/E Ratio-5.81P/E Ratio
PEG22.85PEG
Price to Sales3.82Price to Sales
Price to Book Ratio5.1Price to Book Ratio
Enterprise Value to Revenue3.64
Enterprise Value to EBIT-6.19
Enterprise Value to Net Income-7
Total Debt to Enterprise0.32
Debt to Equity1.32Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 4, 2026
EPS Estimate
$-0.66
Average shareholder expectation
Revenue Estimate
$1.43 B
Average shareholder expectation

Next Earnings Call

Expected Date
November 3, 2026
EPS Estimate
$-0.67
Average shareholder expectation
Revenue Estimate
$1.95 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.1767▲ 1.18%
Total Calls64,722,715▼ 10.28%
Total Puts76,157,118▼ 9.37%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %58.21%▲ 2.33%
Total Invested$12.98B▲ 30.28%
Investors Holding897▲ 7.00%

ESG Score

No data

About Rivian Automotive Inc