Rivian exceeded Wall Street's Q3 earnings expectations by reporting a smaller loss per share and higher revenue, driven by increased production and sales of its new R2 entry-level SUV. The company revised its 2026 guidance upward, forecasting better vehicle deliveries, improved pre-tax adjusted earnings, and lower capital expenditures. Despite remaining unprofitable overall, Rivian narrowed its losses and saw growth in its software and services segment. CEO RJ Scaringe highlighted that profitability on a per-unit basis is achievable this year with the R2, but scaling production beyond current plans is necessary for full profitability.
Following Rivian's better-than-expected Q3 earnings and upward guidance, its stock price on Pluang shows a modest gain, trading at USD 11.77 with a 1-day increase of 0.86% as of Oct 30, 2026, 03:11 WIB. The company's market capitalization stands at $16.90 billion, reflecting investor interest despite the stock being closer to its 52-week low of $11.43 than its high of $22.45. Typical investors hold Rivian shares for about 62 days on the platform.
Rivian is licensing its AI voice assistant technology to Volkswagen Group as part of their $5.8 billion joint venture. The AI assistant, already available in Rivian vehicles, may debut in Volkswagen's affordable electric hatchback, the ID EVERY1. Thi...
Rivian's newly launched R2 SUV became its best-selling vehicle in Q3 2026, driving the company to raise its annual delivery guidance from a minimum of 65,000 to 67,000 EVs. The R2's early success signals Rivian's ability to attract new customers desp...
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Rivian Automotive reported record third-quarter deliveries of 19,248 vehicles, surpassing prior guidance and raising full-year delivery expectations to 65,000-70,000. Despite this, the company still faces significant cash burn, with a narrowed automo...
