Rivian Tops Q3 Estimates, Raises Outlook as R2 Sales Grow
WHO:
CNBC - Rivian Automotive reported its quarterly results and updated its full-year outlook.
Yahoo Finance - Rivian CEO RJ Scaringe said R2 became the company’s best-selling vehicle by volume during the quarter and that customer and media feedback had been “exceptional.”
Yahoo Finance - Scaringe said Rivian’s autonomy platform was progressing rapidly and the company was “super excited about Point to Point [self-driving].”
WHAT:
Electrek - Rivian reported automotive revenue of $1.550 billion, up 36%, and software and services revenue of $605 million, up 45%.
Electrek - Rivian’s net loss was $913 million and free cash flow was negative $1.124 billion.
Electrek - The automotive segment recorded an $80 million gross loss, a negative 5% margin, compared with a $36 million gross loss and negative 3% margin in the preceding quarter.
Electrek - Rivian attributed about $120 million in additional cost of revenue to the R2 ramp. It reported $81 million in regulatory-credit revenue.
Electrek - Rivian said automotive cost of goods sold per vehicle fell by more than $12,000 quarter over quarter; the article estimated it at about $84,700, compared with $96,700 in the preceding quarter.
Electrek - Rivian added a second R2 production shift in Normal, Illinois. Demo drives exceeded 103,000 during the quarter, up from 57,000 in the preceding quarter.
Electrek - Rivian’s software and services segment generated $256 million in gross profit at a 42% margin; $354 million of its revenue came from its Volkswagen joint venture.
Electrek - Rivian expects to recognize Volkswagen joint-venture revenue through about mid-2028 and said Autonomy+ take rates were “trending ahead of our expectations.”
Electrek - Rivian plans an invitation-only early-access rollout of Point to Point driving later in 2026 and a general release to Autonomy+ subscribers in 2027.
CNBC - Rivian reported adjusted loss per share of $0.48, compared with the LSEG estimate of $0.62, and revenue of $2.16 billion, compared with the $1.99 billion estimate.
Yahoo Finance - Revenue was $2.155 billion, versus Bloomberg consensus of $2.02 billion, and was up 38% from a year earlier. Adjusted loss per share was $0.48 versus $0.61 expected.
Yahoo Finance - Adjusted EBITDA loss was $435 million, compared with $575.9 million expected and a $602 million loss a year earlier. Gross profit was $176 million, up $152 million from the preceding quarter; the automotive segment remained unprofitable.
CNBC - Rivian’s revised full-year adjusted pre-tax loss outlook was $1.75 billion to $1.85 billion, a $100 million improvement at the midpoint from its previous outlook.
Yahoo Finance - Rivian’s adjusted EBITDA loss outlook changed from $1.8 billion–$2 billion to $1.75 billion–$1.85 billion, compared with analyst expectations of a $1.88 billion loss.
CNBC - Rivian raised its delivery outlook to 67,000–70,000 vehicles, from at least 65,000. Yahoo Finance reported the previous range as 65,000–70,000 and analyst consensus as 67,227.
CNBC - Capital expenditure guidance fell to $1.4 billion–$1.5 billion, $300 million lower at the midpoint than the prior guidance. Yahoo Finance reported the earlier range as $1.7 billion–$1.8 billion and analyst expectations as $1.75 billion.
CNBC - Rivian delivered a record 19,248 vehicles; the company said R2 accounted for “much of the gain quarter-over-quarter” and had become its best-selling model.
Yahoo Finance - Rivian produced 19,751 vehicles and delivered 19,248. Deliveries exceeded Bloomberg estimates of 18,952 produced and 18,902 delivered, and rose 46% year over year and 58% from the preceding quarter.
Yahoo Finance - Rivian ended the quarter with $5.502 billion in cash, cash equivalents and short-term investments, and $6.095 billion in total liquidity, including a revolving credit facility.
CNBC - Rivian shares closed at $11.45, down 1.9%, after reaching a 52-week low of $11.38; CNBC reported an approximately 7% after-hours gain. Yahoo Finance reported an after-hours price of $12.20, up 6.55%.
WHERE:
Yahoo Finance - Rivian produced vehicles at its plant in Normal, Illinois.
Yahoo Finance - An R2 SUV was displayed at Rivian’s Venice Hub in the Venice Beach neighborhood of Los Angeles.
WHEN:
CNBC - The reported quarter ended Sept. 30; Rivian’s record deliveries were made from July through September.
Yahoo Finance - R2 deliveries began in June.
WHY:
CNBC - Rivian cited stronger-than-expected regulatory-credit revenue, an IEEPA tariff refund receivable, and expected higher vehicle deliveries as reasons for improving its adjusted earnings outlook.
HOW:
CNBC - Rivian’s R2 ramp-up and increased vehicle deliveries contributed to the company’s improved outlook; the company did not disclose deliveries by vehicle model.
(UPDATED October 30, 2026 10:35 UTC)
Rivian beat revenue expectations, with sales reaching $2.16 billion. Record deliveries prompted a higher full-year vehicle forecast. R2 became Rivian’s best-selling model, though automotive operations remained unprofitable.
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(UPDATED October 30, 2026 07:02 UTC)
Rivian beat revenue expectations, but its automotive business remained unprofitable. The company raised its delivery forecast and narrowed its expected adjusted loss for the year. R2 became Rivian’s best-selling model as quarterly deliveries reached a record.
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(UPDATED October 30, 2026 04:02 UTC)
Rivian beat expectations with revenue of $2.16 billion and an adjusted loss of 48 cents per share, while its automotive business remained unprofitable. The company raised its delivery outlook to 67,000 to 70,000 vehicles and narrowed its expected adjusted EBITDA loss to $1.75 billion to $1.85 billion, citing stronger regulatory-credit revenue, a tariff refund receivable and higher anticipated deliveries. Rivian delivered a record 19,248 vehicles, with CEO RJ Scaringe saying the R2 was its best-selling model by volume and that the company’s self-driving platform was progressing rapidly.