Rivian raises 2026 delivery outlook while Lucid misses Wall Street expectations for second quarter

Rivian Automotive raised its 2026 delivery guidance to 65,000-70,000 electric vehicles from a prior range of 62,000-67,000 units, citing stronger-than-expected demand following its second-quarter delivery report Thursday. The upward revision marks a 4.8% increase at the midpoint of the guidance range.

Lucid Group reported second-quarter deliveries that fell short of Wall Street expectations in the same Thursday release, though specific delivery figures were not disclosed in the source material. The contrasting performance between the two EV makers highlights diverging execution trajectories in the competitive electric vehicle market.

Rivian's raised outlook signals management confidence in production capacity and order momentum heading into the back half of 2026. The company has been ramping manufacturing at its Illinois facility while navigating the capital-intensive growth phase typical of emerging automakers.

The delivery guidance update comes as both RIVN and LCID face ongoing scrutiny over cash burn rates and the path to profitability amid intense competition from established automakers entering the EV space.