"Rivian Automotive Inc (NASDAQ:RIVN | RIVN Price Prediction) gained 19.8% this week, closing at $17.73 on Friday, February 13, 2026. While Tesla Inc (NASDAQ:TSLA) managed just 1.54% over the same period, Rivian's surge came despite year-to-date losses of 10.05%. Three storylines drove this momentum: Rivian's Q4 earnings that revealed hidden strength, the imminent R2 launch, and software revenue growth reshaping the business model."
"Rivian's February 11 earnings were immediately cheered by the market. Revenue of $1.29 billion beat estimates by $13 million, and automotive revenue plunged 45% year-over-year to $839 million. The culprit? A $270 million drop in regulatory credit sales and collapsing demand after the federal EV tax credit expired on September 30, 2025. But the profitability story improved dramatically. Rivian posted $120 million in Q4 gross profit and $144 million for the full year, a $1.3 billion improvement from 2024's losses."
"The R2 SUV, Rivian's answer to Tesla's Model Y, is on track for first customer deliveries in Q2 2026. Manufacturing validation builds were completed in mid-January 2026, and Scaringe noted "early strong reviews of the R2 pre-production builds." Additional product details will be revealed on March 12, 2026. The company guides for 62,000 to 67,000 deliveries in 2026, up from 2025's 42,247 units."
Rivian's shares rose 19.8% the week ending February 13, 2026, driven by stronger-than-expected Q4 results, the upcoming R2 SUV launch, and growth in software revenue. Q4 revenue totaled $1.29 billion, with automotive revenue down 45% due to a $270 million drop in regulatory credit sales and lower demand after the EV tax credit expired. Gross profit reached $120 million in Q4 and $144 million for the year, a $1.3 billion swing from 2024 losses, with cost of goods sold per vehicle improving over $7,200 year-over-year. The R2 is slated for Q2 2026 deliveries and the company guides 62,000–67,000 vehicles in 2026, supported by $6.08 billion in cash.
Read at 24/7 Wall St.
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