Rivian posted revenue of $2.16 billion and an adjusted loss of 48 cents per share, surpassing analyst projections for the period ending September 30. Operational progress was underpinned by the software and services arm, which generated $256 million in gross profit while automotive manufacturing posted an $80 million gross loss. Net loss attributable to common stockholders fell to $913 million, compared to $1.17 billion in the third quarter of 2025. Supported by these results, the company raised its 2026 delivery outlook to between 67,000 and 70,000 vehicles.
Key points
Rivian reduced its full-year pre-tax adjusted loss forecast to between $1.75 billion and…: Rivian reduced its full-year pre-tax adjusted loss forecast to between $1.75 billion and $1.85 billion amid improved operational performance.
Capital expenditure targets for 2026 were lowered to a range of $1.4 billion to $1.5 bill…: Capital expenditure targets for 2026 were lowered to a range of $1.4 billion to $1.5 billion to conserve resources.
Management expects regulatory credit sales and an IEEPA tariff refund receivable to help…: Management expects regulatory credit sales and an IEEPA tariff refund receivable to help strengthen the company's full-year financial outlook.
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Rivian Automotive beat Wall Street's third-quarter earnings expectations as it ramped up production of its new R2 entry-level SUV that the company has promised investors will lead the company to profitability.
Here's how Rivian performed in the period ended Sept. 30, compared with average estimates compiled by LSEG:
- Loss per share: 48 cents adjusted vs. loss of 62 cents expected
- Revenue: $2.16 billion vs. $1.99 billion expected
The electric vehicle maker also revised its 2026 guidance to mark expected improvements in its vehicle deliveries, pre-tax adjusted earnings and capital expenditures.
The new guidance calls for a pre-tax adjusted loss of between $1.75 billion and $1.85 billion — a $100 million improvement at the midpoint from its prior guidance — vehicle deliveries of between 67,000 and 70,000 units, up from at least 65,000; and capital expenditures of between $1.4 billion and $1.5 billion, $300 million less at the midpoint.
Rivian attributed the improvement in its pre-tax adjusted earnings guidance to better-than-expected revenue related to its sales of regulatory credits, an IEEPA tariff refund receivable in the third quarter and…
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