Rivian Shares Jump 15% as Automaker Forecasts 59% Delivery Increase for 2026

Rivian Automotive shares rose more than 15% in after-hours trading Thursday after the company projected vehicle deliveries would increase by up to 59% in 2026. The automaker reported its first annual gross profit of $144 million for 2025, a result driven by a software joint venture with Volkswagen that offset losses in its core automotive business. The company expects to deliver between 62,000 and 67,000 units in the coming year, up from 42,247 vehicles delivered in 2025.

While total annual revenue grew 8% to $5.38 billion, automotive revenue specifically fell 45% to $839 million in the fourth quarter. The company attributed the decline to lower vehicle deliveries and a $134 million drop in regulatory credit sales following changes to federal emissions standards. Net losses for 2025 totaled $3.6 billion, an improvement from the $4.75 billion loss reported in 2024.

CEO RJ Scaringe identified 2026 as an "inflection point" centered on the June launch of the R2 SUV, a midsize vehicle priced near $45,000. Rivian expects the R2 to reduce production complexity and material costs by half compared to its current R1 models. The company anticipates adjusted pre-tax losses between $1.8 billion and $2.1 billion for 2026 as it ramps up production at its facility in Normal, Illinois.