Rivian boosts 2023 production guidance to 52,000; improved adj. EBITDA outlook

Rivian Automotive, Inc. / DE

2023-Q2 EPS reported -$2.72 revenue$1,782,000,000

Production rose ~50% vs Q1'23; Dual-Motor added to R1 lineup.
Gross profit per vehicle improved ~$35,000 compared to Q1'23.
2023 production guidance increased to 52,000 units from prior 50,000.
2023 Adj. EBITDA guidance improved to $(4,200)M; capex reduced to $1,700M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

Rivian Automotive, Inc. / DE updated its 2023 guidance (lowered).

Period: 2023
Guidance: lowered
Result: guidance update

Exact text from the filing

2023 total production guidance increased to 52,000

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

Rivian Automotive, Inc. / DE updated its 2023 guidance (lowered).

Period: 2023
Guidance: lowered
Result: guidance update

Exact text from the filing

2023 Adj. EBITDA guidance improved to $(4,200) million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

Rivian Automotive, Inc. / DE updated its 2023 guidance (lowered).

Period: 2023
Guidance: lowered
Result: guidance update

Exact text from the filing

2023 Capex guidance reduced to $1,700 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Rivian Automotive, Inc. / DE reported financial results for second quarter ended June 30, 2023.

Period: second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 8, 2023 , Rivian Automotive, Inc. (the “Company”) announced its financial results for the second quarter ended June 30, 2023.

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Rivian Automotive, Inc. / DE filing history →

Source: SEC EDGAR

accession 0001874178-23-000040

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