Rivian (RIVN) Reports 50% Q1 2026 Revenue from Amazon (AMZN)

AI Summary

In Q1 2026, Amazon (AMZN) accounted for over 50% of Rivian Automotive Inc.'s (RIVN) revenue, contributing $468 million out of a total $908 million in automotive revenue. Rivian's overall revenue for the quarter was $1.381 billion, surpassing market expectations of $1.363 billion, with a year-on-year growth of 11%. The automaker also produced 10,236 vehicles and plans to expand its Georgia plant capacity by 50%, aiming for an annual output of 300,000 units. Rivian's software and services revenue rose by 49% year-on-year, reaching $473 million.