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.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Rivianelectric vehiclesearnings
Open a keyword to see other news on the same topic.
Related news
- Rivian Gains 5% as R2 Ramp Drives Raised Delivery Outlook; Tesla Falls 3%, Lucid Slides 2%, Ford Eases
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%.
- 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.
- 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.
- Why Rivian's R2 Could Be Worth Far More Than Its Sales Numbers Suggest
Rivian's production and deliveries in the third quarter point to a strong quarter ahead of its Oct. 29 earnings report. The Normal, Illinois, plant produced 19,751 vehicles, up 84.2% year over year, and delivered 19,248, up 45.8%, driven by the launch of the midsize R2, priced from $45,000 for the single-motor standard model. The article says the R2 competes with the Model Y, Ioniq 5, EV6 and Mustang Mach-E, and analysts project more than 20,000 R2 deliveries in its initial rollout. Rivian reported second-quarter revenue of $1.66 billion, up 27%, with an 11% gross margin, and reiterated 2026 delivery guidance of 65,000 to 70,000 vehicles. Software and services, including technology licensing to its Volkswagen joint venture and subscriptions like Connect+ and Autonomy+, make up nearly 30% of total revenue at a gross margin above 35%.
Related markets
Latest news
- Google lost nearly half a trillion this week. Here's how Mike Khouw is trading it
Alphabet (GOOGL) shares fell over 12% to $285 after its Q3 2026 earnings, wiping out nearly $500 billion in market cap. Cloud revenue rose 103%, but EPS of $2.12 missed the $3.02 estimate and free cash flow turned negative amid heavy AI capital spending. Several firms downgraded the stock or cut price targets, while technical indicators weakened, with the RSI deeply oversold and the MACD showing a sell signal. The author outlines a short strangle strategy expiring December 18, 2026, which would profit if GOOGL stays between $250 and $325, with the main risk being a drop below $250 and an unexpected catalyst pushing shares past $310. The author notes both the short call and short put have a probability of profit close to 90%.
- Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'
CEO Richard Teng said Binance will cover all hacked losses with company funds, having reserved over $6.34 billion, of which $5 billion is already held in the exact tokens stolen, with the rest being bought through market and OTC channels. The hack hit Binance's hot wallet, and Teng said customer funds were not touched. He said the attacker used a self-destruct mechanism to wipe tools and traces, and an EIP-7702 delegation that bypassed Binance's normal approval controls; TRM Labs and Chainalysis have attributed the theft to North Korean group TraderTraitor. Binance aims to restore withdrawals by Sunday and publish a full proof of reserves by Monday. On Friday, a Tron wallet that Arkham links to the attacker sent about 5.19 million TRX, worth roughly $1.73 million, to 12 addresses.
- Tesla Stock Could Rebound as These 3 Growth Drivers Take Center Stage
Tesla shares rose 9.37% over the past week after third-quarter non-GAAP EPS of $0.48 beat the $0.4511 consensus, and Barclays upgraded the stock to Buy from Hold. The article points to three growth drivers: Robotaxi and FSD, with unsupervised miles up 8x and active FSD subscriptions at 1.74 million; Megapack, with 13.7 GWh deployed and energy gross margin at 33.1%; and Optimus, now in early production in Fremont. 24/7 Wall St. sets a price target of $416.22 against the current $402.55, with a bull case of $473.43 and a bear case of $371.65. Risks include a 55.79% drop in operating income to $718 million and a 61.63% fall in free cash flow, with some energy margin gains from tariff refunds and warranty true-downs that may not repeat. The article says the speed at which Robotaxi generates revenue matters most to the outlook.
- St. Louis Fed's Musalem: Tighter monetary policy is needed 'soon'
St. Louis Fed President Alberto Musalem said in prepared remarks on Friday that additional monetary policy firming will be necessary, 'and soon,' following Wednesday's decision to hold rates steady. His comments bolster investor expectations that the Fed will return to rate hikes at its December meeting, with CME FedWatch pricing roughly a 76% chance of a quarter-point increase. He described the U.S. economy as 'resilient,' pointing to GDP growth of 3.4%, which beat expectations, and an unemployment rate of 4.2%. However, he said inflation is 'too high,' with annual PCE inflation above 3%, and that it could stay above the 2% target unless policy is adjusted. He argued that moving sooner in smaller steps is less disruptive than larger, abrupt actions later.
- Wall Street Is in Denial: AI Financing Problems Are Already Here, Barclays Strategist Warns
Barclays PLC (NYSE:BCS) strategist Alexander 'Alty' Altmann warned that Wall Street remains overwhelmingly bullish on AI despite mounting evidence of financing problems. He said the market is in a 'denial phase' because everyone is still extremely bullish.
- Datadog Sinks 12%, CrowdStrike Falls 4% Despite $6.3 Billion Binance Hack Spotlighting Cyber Defense; Palo Alto and Fortinet Slide 3%
Datadog fell 12% to $233.41 and CrowdStrike dropped 4% to $249.58 in afternoon trading, even though a $6.3 billion crypto theft at Binance highlighted the value of cyber defense. Palo Alto Networks and Fortinet also slid about 3%, with Fortinet extending a steep drop that followed its October 28 Q3 2026 report, which cited slower conversion of service billings and rising component costs. The article ties the sector's decline to hyperscaler earnings, including Alphabet's loss of more than $500 billion in market value after reporting negative $9.1 billion in free cash flow, which fueled worries about AI spending. Datadog is seen as especially exposed because its revenue grows with cloud usage, while CrowdStrike posted record net new ARR of $332.8 million in Q2 FY2027 but trades at 190x forward earnings.
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.