Rivian Beats Wall Street
Oct 30, 2026
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Rivian Automotive beat Wall Street's
third quarter earnings expectations
as production of its new R2 SUV increased, according to CNBC.
The electric vehicle maker reported
an adjusted loss of 48 cents per share
on revenue of $2.16 billion,
compared with expectations for a 62-cent loss
and $1.99 billion in revenue.
Rivian raised its 2026 vehicle delivery forecast to between 67,000
and 70,000 units
and improved its adjusted pre-tax loss forecast
by $100 million at the midpoint.
The company delivered a record 19,248 vehicles during the quarter,
with the R2 becoming its best-selling model.
Rivian narrowed its net loss to $913 million
from $1.17 billion a year earlier.
Gross profit rose to $176 million from $24 million.
Shares gained roughly 7% in after-hours trading Thursday.
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