Earnings Releases·Oct 29, 2026, 4:00 PM ET

Rivian — Third Quarter 2026 Earnings Summary

Consolidated revenue rose 38% year-over-year to $2.155 billion, driven by a 46% increase in delivery volumes and $81 million in regulatory credits; while automotive gross profit loss narrowed to $(80) million, software and services gross profit reached $256 million with a 42% margin.
Full-year 2026 delivery guidance was raised to 67,000–70,000 units, and Adjusted EBITDA guidance improved by $100 million at the midpoint to a range of $(1.85)B–$(1.75)B, though free cash flow remained negative at $(1,124) million for the quarter.
R2 became the best-selling Rivian vehicle by volume in Q3, contributing to record production of 19,751 units, despite incurring $120 million in incremental ramp costs and a decline in average vehicle selling price.
Strategic liquidity strengthened with a $1.0 billion term loan from Volkswagen Group received in October 2026, bringing pro forma liquidity to $7.095 billion, alongside the acquisition of Third Dimension AI to support closed-loop simulation.
Future outlook includes a limited rollout of Point to Point autonomy via an invitation-only program later in 2026, with a general release to all Autonomy+ subscribers expected in 2027.