Electric vehicle manufacturer Rivian (NASDAQ:RIVN) reported Q3 2026 results topping the market's revenue expectations , with sales up 38.3% year on year to $2.16 billion. Its non-GAAP loss of $0.48 per share was 26% above analysts' consensus estimates.
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Rivian (RIVN) Q3 2026 highlights:
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Revenue $2.16 billion vs S&P analysts' estimates of $2.06 billion (38.3% year-on-year growth, 4.8% beat)
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Adjusted EPS -$0.48 vs S&P analysts' estimates of -$0.65 (26% beat)
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Adjusted EBITDA -$435 million (-20.2% margin, 27.7% year-on-year growth)
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EBITDA guidance -$1.8 billion at the midpoint for the full year, above analyst estimates of -$1.89 billion
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Adjusted EBITDA margin -20.2%
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Sales volumes rose 45.8% year on year (31.8% in the same quarter last year)
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Market capitalization $16.72 billion
StockStory's take
Rivian's third quarter saw strong operational momentum, with management crediting the rapid ramp of R2 manufacturing and record delivery volumes as primary drivers of performance. CEO RJ Scaringe emphasized that R2 became the company's best-selling vehicle, surpassing both R1 and commercial van sales. The...