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Rivian reports upbeat Q3 results, boosts full-year guidance as R2 sales ramp up

Rivian posted third-quarter financial results that beat Wall Street estimates, driven by rising software revenue and increasing deliveries of its new R2 SUV. Sales climbed 38.3 percent year over year to $2.16 billion, while the company reported a non-GAAP loss of $0.48 per share. Bolstered by the successful rollout of the R2 model, which quickly became the company's best-selling vehicle, Rivian raised its full-year delivery guidance to between 67,000 and 70,000 vehicles. Despite the strong revenue growth and upbeat guidance revisions, the automotive business still logged a gross loss during the quarter.

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  • ✓ Rivian reported third-quarter revenue of $2.16 billion, representing a 38.3 percent increase year on year.
  • ✓ The company's non-GAAP loss of $0.48 per share topped analysts' consensus estimates by 26 percent.
  • ✓ The R2 SUV officially became Rivian's best-selling vehicle after its debut, outselling the R1 and EDV lines in the third quarter.
  • ✓ Rivian raised its full-year delivery guidance to a range of 67,000 to 70,000 vehicles.
🛡️ Source Corroboration: 10 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Rivian reported its third-quarter 2026 earnings, beating revenue expectations and boosting its full-year delivery guidance as the R2 SUV became its top-selling vehicle.

Live updates

  1. Rivian Reports Strong Q3 Results and Raises Full-Year Guidance

    Rivian posted third-quarter financial results that beat Wall Street estimates, driven by rising software revenue and increasing deliveries of its new R2 SUV. Sales climbed 38.3 percent year over year to $2.16 billion, while the company reported a non-GAAP loss of $0.48 per share. Bolstered by the successful rollout of the R2 model, which quickly became the company's best-selling vehicle, Rivian raised its full-year delivery guidance to between 67,000 and 70,000 vehicles. Despite the strong revenue growth and upbeat guidance revisions, the automotive business still logged a gross loss during the quarter.

    Why it matters

    The electric vehicle manufacturer reported its third-quarter earnings after the market closed on Thursday. The results highlight signs of life within the broader electric vehicle market as new vehicle launches drive volume. Rivian also initiated a second shift for R2 production to keep pace with the surge in customer demand following the debut.

    What is confirmed

    • Rivian reported third-quarter revenue of $2.16 billion, representing a 38.3 percent increase year on year.
    • The company's non-GAAP loss of $0.48 per share topped analysts' consensus estimates by 26 percent.
    • The R2 SUV officially became Rivian's best-selling vehicle after its debut, outselling the R1 and EDV lines in the third quarter.
    • Rivian raised its full-year delivery guidance to a range of 67,000 to 70,000 vehicles.
    • The automotive business posted an $80 million gross loss during the third quarter.

    What to watch next

    • Monitor the execution of the second R2 production shift to see if output meets the revised full-year delivery guidance of 67,000 to 70,000 vehicles.
    • Track ongoing software revenue growth and autonomy investments to gauge their impact on future gross margins.
    Sources used for this update (12)
    1. CNBC — Rivian third-quarter earnings beat estimates as software revenue, R2 deliveries rise
    2. Bloomberg.com — Rivian Beats Estimates as R2 SUV Becomes Top-Seller After Debut
    3. The Verge — Rivian’s R2 is officially its best-selling vehicle
    4. Yahoo Finance — Rivian reports upbeat Q3 results, boosts full-year guidance as R2 sales ramp up
    5. Yahoo Finance — Rivian Automotive (RIVN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
    6. Barron's — Rivian Earnings: Stock Rises on Signs of Life in the EV Market
    7. finance.yahoo.com — RIVN Q3 deep dive: R2 launch drives volume, autonomy investment shapes outlook
    8. finance.yahoo.com — Rivian reports upbeat Q3 results, boosts full-year guidance ...
    9. rivian.com — Rivian Releases Third Quarter 2026 Financial Results
    10. www.cnbc.com — Rivian (RIVN) earnings Q3 2026 - CNBC
    11. electrek.co — Rivian (RIVN) Q3 2026 earnings: revenue up 38%, R2 now its ...
    12. riviantrackr.com — Rivian Q3 2026 Earnings: R2 Is Now Rivian’s Best Seller
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