Rivian Automotive Inc reports results for the quarter ended June 30 - Earnings Summary
Rivian Automotive Inc reports results for the quarter ended June 30 - Earnings Summary
Rivian Automotive Inc RIVN.OQ reported a quarterly adjusted loss of 46 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -80 cents. The mean expectation of twenty five analysts for the quarter was for a loss of 63 cents per share. Wall Street expected results to range from -90 cents to -47 cents per share.
Revenue rose 27.2% to $1.66 billion from a year ago; analysts expected $1.51 billion.
Rivian Automotive Inc's reported EPS for the quarter was a loss of 63 cents.
The company reported a quarterly loss of $833 million.
Rivian Automotive Inc shares had fallen by 5.9% this quarter and lost 17.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2.7% in the last three months.
In the last 30 days, five analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 15 "strong buy" or "buy," 8 "hold" and 5 "sell" or "strong sell." The average consensus recommendation for the auto & truck manufacturers peer group is "buy."
Wall Street's median 12-month price target for Rivian Automotive Inc is $18.47, about 8.9% above its last closing price of $16.83
This summary was machine generated from LSEG data July 31 at 05:48 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | -0.63 | -0.46 | Beat |
Mar. 31 2026 | -0.62 | -0.57 | Beat |
Dec. 31 2025 | -0.68 | -0.54 | Beat |
Sep. 30 2025 | -0.72 | -0.65 | Beat |