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Rivian (RIVN) Q3 2026 earnings: revenue up 38%, R2 now its best-seller

Rivian reported its third-quarter 2026 financial results, beating market expectations with revenue climbing 38.3% year over year to $2.16 billion. The company posted a non-GAAP loss of $0.48 per share and a GAAP loss of $0.63 per share. The newly debuted R2 SUV quickly surpassed older models to become the automaker's best-selling vehicle during the quarter. Driven by the R2 launch and increasing software revenue, Rivian updated its full-year guidance for 2026 to reflect higher vehicle deliveries, improved pre-tax adjusted earnings, and adjusted capital expenditures.

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  • ✓ Rivian reported third-quarter 2026 revenue of $2.16 billion, representing a 38.3% increase year over year.
  • ✓ The R2 SUV officially became Rivian's best-selling vehicle, outselling the R1 and EDV lines.
  • ✓ Rivian's non-GAAP loss was $0.48 per share, while its GAAP loss was $0.63 per share.
  • ✓ Rivian revised its full-year 2026 delivery guidance to a range of 67,000 to 70,000 vehicles.
🛡️ Source Corroboration: 13 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Rivian raised its full-year delivery guidance to between 67,000 and 70,000 vehicles following the strong R2 launch.

Live updates

  1. Rivian Q3 Revenue Jumps 38% as R2 Becomes Top-Selling SUV

    Rivian reported its third-quarter 2026 financial results, beating market expectations with revenue climbing 38.3% year over year to $2.16 billion. The company posted a non-GAAP loss of $0.48 per share and a GAAP loss of $0.63 per share. The newly debuted R2 SUV quickly surpassed older models to become the automaker's best-selling vehicle during the quarter. Driven by the R2 launch and increasing software revenue, Rivian updated its full-year guidance for 2026 to reflect higher vehicle deliveries, improved pre-tax adjusted earnings, and adjusted capital expenditures.

    Why it matters

    The stronger-than-expected third-quarter performance indicates a positive shift for Rivian amid broader signals of life in the electric vehicle market. The rapid commercial adoption of the R2 serves as a vital catalyst for the automaker's growth strategy as factory output ramps up. Meanwhile, construction continues on the company's five billion dollar plant in Georgia.

    What is confirmed

    • Rivian reported third-quarter 2026 revenue of $2.16 billion, representing a 38.3% increase year over year.
    • The R2 SUV officially became Rivian's best-selling vehicle, outselling the R1 and EDV lines.
    • Rivian's non-GAAP loss was $0.48 per share, while its GAAP loss was $0.63 per share.
    • Rivian revised its full-year 2026 delivery guidance to a range of 67,000 to 70,000 vehicles.

    What to watch next

    • Monitor the execution of the second R2 shift and overall production output.
    • Track progress on construction at the five billion dollar Georgia plant.
    • Evaluate whether Rivian can overcome the automotive business gross loss in future quarters.
    Sources used for this update (15)
    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. Barron's — Rivian Earnings: Stock Rises on Signs of Life in the EV Market
    5. Electrek — Rivian (RIVN) Q3 2026 earnings: revenue up 38%, R2 now its best-seller
    6. TechCrunch — The R2 SUV is already Rivian’s best-selling vehicle
    7. The Atlanta Journal-Constitution — R2 becomes Rivian’s top seller as construction progresses at $5B Georgia plant
    8. finance.yahoo.com — RIVN Q3 deep dive: R2 launch drives volume, autonomy investment shapes outlook
    9. www.cnbc.com — Rivian (RIVN) earnings Q3 2026 - CNBC
    10. electrek.co — Rivian (RIVN) Q3 2026 earnings: revenue up 38%, R2 now its ...
    11. riviantrackr.com — Rivian Q3 2026 Earnings: R2 Is Now Rivian’s Best Seller
    12. www.fool.com — Rivian (RIVN) Q3 2026 Earnings Call Transcript - The Motley Fool
    confidence 100%
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