Rivian Boosts Annual Delivery Forecast Following Strong Second Quarter

The company reported production of 12,613 vehicles and deliveries of 12,194 units for the quarter ending in June. These figures comfortably outpaced the 11,000-unit consensus projected by FactSet analysts. Rivian’s revised guidance shifts the annual target range to between 65,000 and 70,000 units, a notable increase from the previous forecast of 62,000 to 67,000.

Driving this momentum is a combination of sustained interest in the electric delivery van fleet and the ongoing rollout of the midsize R2 SUV. Operations at the company’s manufacturing facility in Normal, Illinois, are scaling to accommodate the R2, which carries an annual production capacity of 160,000 units. Investors await the full financial breakdown, which the company is scheduled to release on July 30. Meanwhile, the market turns its attention to competitors Tesla and Lucid Group, both of which are expected to disclose their own quarterly delivery performance shortly.