Rivian Automotive expects factors like a lower average selling price of its cars to dent its second-quarter revenue.

The electric vehicle maker said Monday it expects revenue of $1.55 billion to $1.65 billion for the quarter, which ended June 30. Analysts polled by FactSet had projected revenue of $1.46 billion.

Rivian said the forecast would mark an increase from the $1.3 billion it reported in the year-ago period, primarily due to an increase in vehicle deliveries. However, the company expects the growth will be partially offset by a lower average selling prices from a higher mix of commercial vans, as well as increases in vehicle electrical architecture and software development services and revenues related to regulatory credits.

The guidance comes after Rivian last week reported vehicle deliveries for the quarter that topped its own forecast, citing robust quarter-over-quarter growth for its electric delivery van and the R1, its flagship consumer vehicle, as well as the start of deliveries for its highly-anticipated R2 midsize crossover.

The stock fell 8.2% to $18.48 in after-hours trading. At market close, shares were up 2.2% year to date.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

July 06, 2026 17:48 ET (21:48 GMT)

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