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Rivian reduces 2026 spending plans, narrows earnings guidance
Rivian Automotive reduced its 2026 spending plans and slightly narrowed its previously forecast losses this year as the company reported second-quarter results Thursday.
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.
Rivian said the $250 million reduction in capital spending at the mid-point was enabled by "project efficiencies and timing of spend," which the automaker previously increased to allow for added investments in new technologies such as its hands-free driving system.
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