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.
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