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Rivian Automotive is trying to win 2026 with a smaller SUV—and a bigger software story

Rivian Automotive is trying to win 2026 with a smaller SUV—and a bigger software story

KAHROS Team

TL;DR

Quick Summary

  • Rivian guided to 62,000–67,000 deliveries for 2026 (vs. 42,247 delivered in 2025), with R2 positioned as the volume catalyst.
  • 2025 revenue rose 8% to $5.387B, but the mix is shifting: automotive revenue fell while software and services revenue surged.
  • Rivian is still investing heavily, guiding $1.95B–$2.05B in 2026 capex as it pushes into its next product cycle.

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