Rivian (NASDAQ:RIVN) rose about 5% to $12.06 after its Q3 2026 results beat expectations, with revenue up 38% year over year to $2.155 billion versus the $2.02 billion Bloomberg consensus. The company raised the low end of its 2026 delivery guidance to 67,000 vehicles, citing its cheaper R2 SUV, and delivered 19,248 vehicles in the quarter, up 46%. Still, Rivian remains loss-making, its stock is down 40% year to date, and Mizuho cut its price target to $10 from $13 while keeping an Underperform rating, arguing R2 could cannibalize some R1 demand. In the same session, Tesla fell 3%, Lucid slid 2% and Ford eased 0.8%.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Rivianelectric vehiclesTSLAearnings
Open a keyword to see other news on the same topic.
Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/29/2026 | 403.29 |
| Change that session | -0.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Rivian Earnings Show There Is Still Life in the EV Market
The automaker's quarterly report was solid. Gross profit exceeded Wall Street estimates, and vehicle sales rose.
- Tesla Rises 4% as DeSantis Vows to Make Flying Roadster Legal in Florida; Rivian and Lucid Slip
Tesla shares rose 4% to $367.59 in afternoon trading after Florida Governor Ron DeSantis pledged to make the company's flying Roadster legal in his state, saying on X that the state would ensure it is legal. The pledge followed Tesla's unveiling of the long-delayed Roadster last week, where a version fitted with air tanks and thrusters launched from a ramp, flew briefly and landed on its wheels. Rivian fell 0.9% to $12.31 and Lucid slipped 1.12% to $3.10, while Tesla's gain also reflected a broad tech rebound, with the QQQ up 2%. The article notes that federal regulators decide whether a vehicle can fly, production is years away, and Tesla has not announced a price for the flying version.
- Rivian Post-Q3 Analysis: 3 Reasons Why the Stock is a Buy Now
Rivian (RIVN) posted an adjusted loss of 48 cents per share in the third quarter, narrower than the 65 cents a year earlier, while revenue rose 38% to $2.16 billion on record deliveries, regulatory credits and software growth. Deliveries jumped 46% to 19,248 units, and the R2 SUV became Rivian's best-selling vehicle. Automotive cost of goods sold per vehicle improved by more than $12,000 sequentially, and management raised full-year 2026 delivery guidance to 67,000–70,000 units while tightening its adjusted EBITDA loss guidance to $1.75–$1.85 billion. Free cash outflow, however, widened to $1.12 billion, and Rivian still needs to scale beyond its current R2 production plan of 160,000 units to reach overall profitability.
- Rivian third-quarter earnings beat estimates as software revenue, R2 deliveries rise
Rivian posted an adjusted loss of 48 cents per share in the third quarter, narrower than the 62-cent loss expected, with revenue of $2.16 billion versus $1.99 billion estimated. The company delivered a record 19,248 units in the quarter, and the R2 became its best-selling model. Software and services generated $605 million in revenue and $256 million in gross profit, while automotive posted a gross loss of $80 million on nearly $1.55 billion in revenue. Rivian revised its 2026 guidance to a pre-tax adjusted loss of $1.75 billion to $1.85 billion, 67,000 to 70,000 deliveries and capital expenditures of $1.4 billion to $1.5 billion. Cash, cash equivalents and short-term investments stood at $5.5 billion.
- Rivian Pre-Q3 Analysis: Is it Worth Buying the Stock Now?
Rivian (RIVN) reports Q3 2026 results after the closing bell on Thursday, with the Zacks consensus calling for a loss of 65 cents per share, narrowed by 2 cents over the past 30 days. The company delivered 19,248 vehicles in the quarter, above the 18,000 Wall Street estimate and up 45.8% year over year, driven by the lower-priced R2 that began reaching customers in June. Software and services revenue is projected at $629 million, while automotive gross margin is expected at negative $183 million as the R2 ramp and rising autonomy investment weigh on results. Rivian reaffirmed its 2026 target of 65,000 to 70,000 deliveries, needing at least 23,193 in the fourth quarter, and Uber has agreed to take up to 50,000 R2 robotaxis. Shares are down 42% year to date and trade at a forward sales multiple of 1.54X, below the industry's 3.3X.
- Forget Rivian's Revenue and EPS: This Is the Q3 Number Investors Need to Watch.
Rivian's automotive gross profit improved by $299 million over the past year, about 3.5 times the $86 million gain in software and services, though the automotive business is still unprofitable on a gross basis. The article says the R2 production ramp-up could push automotive gross profit higher in coming quarters, while software and services earned a 42% gross margin in the second quarter. Pressure comes from regulatory credit sales, which totaled about $108 million in the second quarter and are expected to be considerably lower in the second half. Vehicle production rose nearly 57%, from 12,613 in the second quarter to 19,751 in the third, and a second R2 shift was added near the end of the quarter. The article notes that higher output alone won't guarantee better margins, so investors should focus on why automotive gross profit changes in the third-quarter report.
Related markets
Latest news
- Apple Sentiment Cautious On December-Ending Quarter Outlook
Apple stock is trading near record highs ahead of its fiscal fourth-quarter report, due late Monday.
- 'Banks Have Gotten Drunk' on AI Megadeals, USD.AI Co-Founder Says
According to USD.AI co-founder Conor Moore, speaking to Benzinga in an exclusive interview, Wall Street banks favor huge AI financing deals while smaller GPU operators struggle to borrow. He says banks have 'gotten drunk' on these large IG deals.
- This Little-Known ETF Owns QQQ's Stocks Without the Big Bet on Nvidia
The article compares QQQ and QQQE, two funds that hold the Nasdaq-100 stocks but weight them differently. As of June 30, 2026, NVIDIA made up 7.60% of QQQ's net assets, while as of July 31, 2026, it was only 0.97% of QQQE; QQQ's six largest holdings came to about 32.4%, versus roughly 5.9% for QQQE. QQQE reported $1.33 billion in net assets, compared with $490.1 billion for QQQ, which the article says is roughly 368 times larger. The article notes QQQE has come out ahead over the past year and so far in 2026, though equal weighting lags when the largest companies lead the market. It also points out that QQQE's smaller size may mean wider bid-ask spreads and a higher risk of closure, while QQQ's management fee is 0.18%.
- Amazon Says It Will Start Selling Its AI Chips to Other Companies in 2027
In its third-quarter call on October 29, 2026, CEO Andy Jassy said Amazon will start selling its Trainium AI chips to outside companies in late 2027, but named no buyers, prices, volumes or revenue targets. Diluted EPS of $1.89 missed the $1.96 consensus, and shares fell 7.30% to $226.00 after hours, following a 4.25% regular-session drop. Trailing 12-month free cash flow was a $42.4 billion outflow against about $220 billion of 2026 capital spending, and selling chips outright books revenue sooner than renting them through AWS over a five-to-six-year life. The open-sourced TorchNeuron software lets PyTorch code run on Trainium and could weaken NVIDIA's CUDA lock-in, though NVIDIA still leads with data center revenue of $89.02 billion in one quarter, up 117%. AWS sales rose 39% to $46.0 billion, while supply of advanced chips remains the main constraint.
- SK Hynix Just Delivered Fantastic News for Micron
SK Hynix reported third-quarter sales up 328% to $78.9 billion and operating profit up 632% to $62.3 billion, and said memory orders now exceed its supply for the next three years. The company expects demand to outpace supply through 2030, a view the article contrasts with analyst estimates that shortages could ease from 2028. Micron, whose fiscal fourth-quarter 2026 sales rose 379% to $54.2 billion and EPS jumped 811% to $75.52, could benefit from this trend as tech giants are estimated to spend $1.3 trillion on AI infrastructure in 2027. SK Hynix and Micron hold about 25% and 24% of the global DRAM market, according to Counterpoint Research. Since Micron's shares have surged 1,400% over three years, the article suggests investors review how much of their portfolio is in memory stocks.
- Firefly Aerospace Landed on the Moon, Won a Pentagon Contract, and Partnered With Lockheed Martin. So Why Is the Stock Down 70%?
Firefly Aerospace shares are down roughly 26% so far in 2026 and 70% from their one-year high set in May, despite a successful Moon landing, a Pentagon contract, and a partnership with Lockheed Martin. The article attributes the pullback to waning hype around defense tech and space stocks after SpaceX's public debut, along with rotation toward AI-exposed companies. Concerns about expanding losses and financing needs have also weighed in, as the operating loss widened to about $190.9 million in the first half of the year from $112.9 million a year earlier. The company is valued at roughly 6.9 times expected forward sales, and the article says a rebound may require new contract wins and partnerships or a shift in broader market dynamics.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.