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Rivian and Ferrari beat estimates, driven by different growth engines
Rivian narrowed its quarterly net loss to $837 million and raised delivery guidance to 65,000 to 70,000 vehicles after its $58,000 R2 SUV started reaching buyers.
Rivian Automotive and Ferrari both topped analyst expectations last week, but the companies cited different drivers behind their results, according to Yahoo Finance. Rivian’s improvement came as its cheaper R2 SUV finally reached customers, while Ferrari leaned on pricing and personalization despite delivering fewer cars than a year earlier.
Rivian delivered 12,194 vehicles, up from 10,365, and revenue rose 27% to $1.66 billion, beating the $1.51 billion expected. The company narrowed net loss to $837 million from $1.15 billion a year earlier, with gross profit turning to a $179 million gain from a $206 million loss, and software and services sales increasing 37% to $515 million, including $308 million from its Volkswagen joint venture.
Rivian also raised its delivery forecast to 65,000 to 70,000 vehicles, up from a prior range of 62,000 to 67,000, and said R2 order conversion is running meaningfully above internal projections. The company cut planned 2026 capital spending by $250 million, though it still reported a loss of $837 million for the quarter, and its automotive business alone, excluding software, posted a $36 million loss even as software and services generated a $215 million profit.
On the other side, Ferrari delivered 128 fewer cars than a year earlier, with declines across the Americas, China, and the rest of Asia, Yahoo Finance reported. Even with lower unit deliveries, Ferrari lifted revenue 8.4% and raised its margin to 31.2% because buyers kept paying more for personalization and its priciest models, and it raised full-year revenue guidance to about €7.6 billion and adjusted operating profit to at least €2.26 billion.