Rivian raises 2026 delivery outlook after Q3 results beat estimates

Rivian reported third-quarter revenue of $2.155 billion, up 38% from a year earlier, and raised its 2026 vehicle-delivery forecast after results exceeded analyst expectations. The electric-vehicle maker delivered 19,248 vehicles during the quarter, a record, and now expects to deliver 67,000 to 70,000 this year, compared with its previous outlook of at least 65,000. The company’s net loss narrowed to $913 million from $1.17 billion in the third quarter of 2025. Adjusted earnings before interest, taxes, depreciation and amortization were a loss of $435 million, an improvement of $167 million from a year earlier. Rivian also reported gross profit of $176 million, compared with $24 million a year ago. The results reflected sharply different performance across Rivian’s business segments. Software and services generated $605 million in revenue and $256 million in gross profit, a 42% margin. Automotive operations recorded nearly $1.55 billion in revenue but a gross loss of $80 million. The automotive loss was narrower than the $130 million loss a year earlier but wider than the $36 million loss in the second quarter. Rivian said the R2 became its best-selling vehicle by volume...