Rivian (Rnvn) reports the earnings of the first quarter after the bell on Tuesday as the Pure EV Play maker shows investors whether he is still on the long path towards profitability as President Trump's tariffs on auto parts begin to bite.
For the quarter, Rivian is expected to report revenue of $ 981.21 million, a steep drop compared to the $ 1.73 billion reported last quarter and $ 1.204 billion a year ago. The company is expected to post a customized EPS loss of $ 0.79 with customized EBITDA (pre -interest earnings, taxes, depreciation and amortization) loss of $ 546.4 million.
A large part of the reduction in CH1 revenue from the company was posted posting fewer delivery due to the seasonal and effects of the wildfires on the California province, where many Rivian purchases are made. The company said in early April that it had produced 14,611 vehicles at its manufacturing facility in normal, Illinois, and sent 8,640 vehicles, in line with its expectations, and reincarnation of its 2025 delivery target of between 46,000 and 51,000.
Looking ahead, analysts will be interested in seeing whether Rivian can repeat a landmark feat of CH4, where the company posted “gross profit” for the quarter, driven by “amendments in various costs, revenue per unit sent, and fixed costs.”
Those continuous improvements in cost cutting will now come face to face with Trump car tariffs, which will raise the company's Materials Measurement (BOM) figures for all EV sold. Internal components, battery cells, and even steel and aluminum tariffs will probably hit Rivian, but as a US producer, it will have the ability to “offset” for some tariffs on foreign -made parts.
Read more: Latest news and updates on Trump tariffs
In terms of guidelines, previously, Rivian announced a full -year EBITDA loss projection in the range of $ 1.7 billion to $ 1.9 billion. As with many other automators, Trump's tariffs make past projections unreliable, and most expect Rivian to withdraw his guidance until more tariff clarity is reached.
Of importance is the future parts of the United States-Mexico-Canada (USMCA) and how long those parts will be exempt from tariffs. The administration is expected to lead that soon.
There will also be a Rivian production ramp of its R2 on the agenda. The company targets the launch of 2026, and much of the factory's construction depends on a “Conditional Commitment” Won From the Department of Energy (DOE) for a $ 6.6 billion loan. The loan, part of the YOE advanced technology vehicle manufacturing program, would support the construction of an upcoming Rivian assembly factory outside Atlanta.