volkswagen partnership

Rivian Q2 2026: Revenue up 27%, record gross profit, R2 deliveries begin

Rivian beat Wall Street expectations in Q2 2026 with revenue up 27% to $1.658 billion and a record $179 million gross profit, driven largely by its Volkswagen software partnership. The R2 SUV launch is scaling, though the automotive business still posted a $36 million loss as ramp-up costs weigh on margins.