Rivian Lifts 2026 Delivery View to 70,000 as Ferrari Raises €7.6 Billion Revenue Goal
Updated
Updated · Yahoo Finance · Aug 11
Rivian Lifts 2026 Delivery View to 70,000 as Ferrari Raises €7.6 Billion Revenue Goal
2 articles · Updated · Yahoo Finance · Aug 11
Summary
Rivian raised its delivery forecast to 65,000-70,000 vehicles after Q2 deliveries climbed to 12,194 and the $58,000 R2 SUV reached customers, helping revenue rise 27% to $1.66 billion.
Its net loss narrowed to $837 million from $1.15 billion, while gross profit swung to a $179 million gain from a $206 million loss; software and services added $515 million in revenue, including $308 million from the Volkswagen venture.
Ferrari also lifted full-year guidance, targeting about €7.6 billion in revenue and at least €2.26 billion in adjusted operating profit even though it shipped 128 fewer cars than a year earlier.
That increase came from pricing power: Q2 operating profit rose to €605 million with a 31.2% margin, driven by personalization spending and deliveries of the higher-priced F80 model.
The contrast highlights two profit paths in autos as Rivian chases scale in a U.S. EV market that shrank nearly 30% in June, while Ferrari leans on a 2027-filled order book.