Rivian reported its first quarter earnings of 2026, providing us a closer look at the company’s financial health as it kicks off production for the crucial R2 electric vehicle . We’ve already got Rivian’s production and delivery statement from the first three months of the year. The company sold 10,365 vehicles in Q1, representing 20 percent increase year over year. And it produced 10,236 vehicles at its factory in Normal, Illinois, which represents a 30 percent increase compared to the same period last year. The company also reaffirmed its prediction that it will sell 62,000–67,000 vehicles this year. In terms of earnings, Rivian said it brought in $1.38 billion in revenue, an 11.3 percent increase compared to the $1.24 billion in Q1 2025. Of that amount, $908 million came from automotive revenue, which is down 1.5 percent year over year. Comparatively, the company reported $473 million from software and subscription services, a whopping 48.7 percent increase year over year.…