Rivian press release (NASDAQ:RIVN): Q2 GAAP EPS of -$0.97 misses by $0.19.
Revenue of $1.3B (+12.1% Y/Y) beats by $10M.
Rivian produced 5,979 vehicles at its manufacturing facility in Normal, Illinois and delivered 10,661 vehicles. Production during the second quarter for both R1 products and commercial vans was limited primarily due to a variety of supply chain complexities partially driven by shifts in trade policy. FY25 outlook: The company is maintaining its 2025 delivery guidance range of 40,000 to 46,000. Because of some of the recent changes associated with regulatory credits and its second quarter performance, the company is increasing its guidance for adjusted EBITDA losses to ($2,000) million – ($2,250) million. Capex $1.8B-$1.9B
