Rivian Automotive, Inc.: Beat — EPS -$0.48, Revenue $2.16B
Earnings BeatQ3 2026 · After-market
Did Rivian Automotive, Inc. (RIVN) beat earnings today?
Yes, Rivian Automotive, Inc. (RIVN) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+26.15% surprise
-$0.48Actual
Expected: -$0.65
vs. year ago +26.1%
Total Revenue+7.75% surprise
$2.15BActual
Expected: $2B
vs. year ago +38.0%
Released Oct 29 · 4:02 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $2.15B | $1.56B | +38.0 |
| Revenue detail — reported lines | |||
| └─Automotive | $1.55B | $1.14B | +36.0 |
| └─Software and services | $605.00M | $416.00M | +45.0 |
| GAAP Basic EPS | $(0.63) | $(0.96) | +34.4 |
| GAAP Diluted EPS | $(0.63) | $(0.96) | +34.4 |
| Adj. Net Loss Per Share | $(0.48) | $(0.65) | +26.2 |
| Net Loss | $(913)M | $(1,173)M | +22.2 |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY 2026 Outlook |
|---|---|---|
| Vehicles Delivered | — | 67,000 – 70,000 units (prev. 65,000 - 70,000 units) |
| Adjusted EBITDA | — | $(1.85)B – $(1.75)B (+$100M at mid-point) |
| Capital Expenditures | — | $1.40B – $1.50B (-$300M at mid-point) |
Business Highlights
- ➤Achieved record production volumes in Normal, Illinois while ramping R2 manufacturing.
- ➤R2 became Rivian’s best-selling vehicle, outselling both R1 and EDV.
- ➤R2 won Top Gear’s SUV of the Year for 2027.
- ➤Launched a smarter, customizable Rivian Assistant experience for R1 and R2 owners.
- ➤October OTA update added Gmail integration to Rivian Assistant.
- ➤October OTA update released the annual Halloween Mode.
- ➤Every eligible Autonomy+ vehicle supports Universal Hands-Free on millions of road miles.
- ➤Limited Point to Point rollout is expected later this year through Autonomy Early Access.
- ➤Acquired Third Dimension AI to support closed-loop simulation efforts.
- ➤Will provide further updates at Autonomy and AI Day on December 9.
Management Commentary
RJ Scaringe, Founder and CEO
“We had great results with R2 becoming our best selling vehicle by volume in the third quarter. Customer and media feedback on R2 has been exceptional. Regarding our technology roadmap, our autonomy platform is progressing rapidly, and we are super excited about Point to Point. We are laying the foundations for a future that we believe will be fully electric, autonomous and AI defined. I could not be more excited about the opportunity ahead for Rivian.”