NASDAQ$RIVN
Rivian Automotive · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Announced second quarter 2024 financial results and reaffirmed all aspects of guidance for the year.
Rivian reported strong execution in Q2 2024, completing the retooling upgrade at its plant in Normal, IL, producing 9,612 vehicles and delivering 13,790. The company's revenues were $1.158 billion, primarily driven by vehicle deliveries. Rivian also announced a technology joint venture with Volkswagen Group, with a total deal size of up to $5 billion.
- Reaffirmed all aspects of guidance for the year.
- Announced technology joint venture with Volkswagen Group with a total deal size of up to $5 billion.
- Completed the retooling upgrade at the company’s plant in Normal, IL.
- Introduced and started deliveries of the second generation R1 vehicles.
Headline financials
Revenue & EPS history
Rivian · Revenue · Quarterly
$1.16B
Forward guidance
Company reaffirms all aspects of guidance for the year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-2.6%
Avg return
Earnings day
-3.8%
Avg return
5 days after
-3.1%
Avg return
30 days after
43%
10 / 23 earnings
Positive
+26.6%
Q4 2025
Best reaction
-27.9%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | -11.7% | -0.6% | |
| Q4 2025 | +26.6% | +15.4% | +6.1% | |
| Q3 2025 | +17.2% | +31.3% | +43.6% | |
| Q1 2025 | -5.6% | +8.4% | +3.7% | |
| Q4 2024 | -4.7% | -16.2% | -14.8% | |
| Q3 2024 | +9.1% | +9.0% | +33.9% | |
| Q2 2024 | -5.6% | -4.5% | -6.0% | |
| Q1 2024 | -0.6% | -3.3% | +13.6% | |
| Q4 2023 | -27.9% | -32.7% | -32.0% | |
| Q3 2023 | -1.0% | -10.4% | +11.7% | |
| Q2 2023 | -7.9% | -11.2% | -3.5% | |
| Q1 2023 | +1.7% | -6.9% | +1.3% | |
| Q4 2022 | -14.6% | -8.3% | -22.0% | |
| Q3 2022 | +3.5% | +7.9% | -14.3% | |
| Q2 2022 | +4.0% | +2.2% | +0.4% | |
| Q2 2021 | +4.0% | +2.2% | +0.4% | |
| Q1 2022 | +6.6% | +9.1% | +24.4% | |
| Q1 2021 | +6.6% | +9.1% | +24.4% | |
| Q4 2019 | -10.7% | -18.9% | -41.9% | |
| Q4 2021 | -13.4% | -15.8% | -11.7% | |
| Q4 2020 | -17.4% | -11.5% | -26.6% | |
| Q3 2021 | -15.0% | -15.8% | -30.5% | |
| Q3 2020 | -15.0% | -15.8% | -30.5% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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