Rivian (RIVN) earnings Q3 2026

Key Points:

• Rivian Automotive surpassed Wall Street's Q3 earnings expectations with an adjusted loss per share of 48 cents versus the expected 62 cents loss, and revenue of $2.16 billion compared to the anticipated $1.99 billion.
• The company delivered a record 19,248 vehicles in Q3, driven largely by the new R2 entry-level SUV, which became Rivian's best-selling model since its first deliveries in June.
• Rivian narrowed its net loss to $913 million from $1.17 billion a year earlier, with gross profit rising to $176 million from $24 million, and an improved adjusted EBITDA loss of $435 million.
• The company revised its 2026 guidance, projecting improved vehicle deliveries between 67,000 and 70,000 units, a $100 million better pre-tax adjusted loss midpoint, and reduced capital expenditures by $300 million.
• CEO RJ Scaringe emphasized the critical role of scaling R2 production beyond current plans to achieve profitability, and the company ended Q3 with $5.5 billion in cash and equivalents, up from $5.3 billion in Q2.