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RIVNBullishEarningsnews
High materiality8/10

Rivian Q3 Beat fuels higher deliveries guidance and AI roadmap

Oct 29, 2026, 4:55 PM EDT2 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Beat and raised deliveries guidance support stock upside; however, persistent EBITDA losses cap upside unless profitability improves or cash burn slows meaningfully.

AI summary

What happened, with direct paths to the underlying reporting

Rivian posted a solid Q3 with revenue of $2.155B, up 38% year over year and ahead of estimates. Automotive and software revenue expanded, while the adjusted loss narrowed to $0.48 per share. The company raised full-year deliveries guidance to 67k-70k and cut capex by $300M, signaling stronger operating discipline as it accelerates Autonomy+ and AI initiatives, with an Autonomy Day set for December 9.

  • Q3 revenue $2.155B, up 38% YoY; beat estimates.
  • Automotive revenue $1.55B; software/services $605M.
  • Adjusted loss $0.48 per share vs $0.72 expected.
  • Guidance: 67k-70k deliveries; EBITDA loss $1.75B-$1.85B; capex down $300M.

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