Published • loading... • Updated
Rivian Automotive: Q3 Earnings Snapshot
The automaker said software revenue and a Volkswagen licensing deal helped offset losses as R2 production ramped and deliveries hit a record quarter.
- On Thursday, Rivian Automotive reported Q3 2026 revenue of $2.155 billion, a 38% year-over-year increase, as the R2 SUV became the company's "best-selling Rivian vehicle by volume."
- Rivian launched a second production shift in Normal, Illinois, to accelerate R2 manufacturing, prioritizing the lower-cost SUV as its "higher-volume, mass-market offering" to drive long-term profitability.
- Software and services revenue reached $605 million with $256 million in gross profit, while the company reported a $913 million net loss; the Volkswagen Group partnership contributed significantly to segment earnings.
- Reflecting confidence in sales momentum, Rivian raised its 2026 delivery guidance to between 67,000 and 70,000 units and improved its pre-tax adjusted earnings outlook by $100 million at the midpoint.
- Cheaper R2 trims starting at $53,990 are slated for release later this year, with further versions coming in 2027; construction on the Georgia plant continues to build 300,000 units of annual capacity.
Insights by Ground AI
14 Articles
14 Articles
Rivian (RIVN) Q3 2026 earnings: revenue up 38%, R2 now its best-seller
Rivian (RIVN) just released its Q3 2026 earnings, with revenue up 38% year-over-year to $2.155 billion. The R2, in its first full quarter of deliveries, is already the company’s best-selling vehicle, ahead of both the R1 and the Amazon van. The results beat Wall Street’s expectations, and Rivian is raising its 2026 guidance on every metric. But the car business is still losing money, and the R2 ramp made the automotive margin worse this quarter.…
·Fremont, United States
Read Full ArticleCoverage Details
Total News Sources14
Leaning Left5Leaning Right0Center4Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 44%
Factuality
To view factuality data please Upgrade to Premium
