# Rivian Automotive reported first-quarter revenue of $1.381 billion.

*business · news · 2026-04-30 · Benzinga*

## Key points

- Rivian began production of saleable R2 vehicles last week in Illinois.
- Rivian increased initial Georgia plant capacity by 50%, targeting 300,000 units annually in phase one.
- Rivian expects to draw on a $4.5 billion DOE loan by early 2027 for its Georgia facility.
- Software and services revenue grew 49% year-over-year, totaling $473 million in the first quarter.
- Rivian beat earnings expectations with a loss of 33 cents per share versus an estimated 71-cent loss.

**Companies:** Rivian Automotive
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/earnings/26/04/52198262/rivian-q1-highlights-double-beat-r2-customer-deliveries-in-coming-weeks)

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