Rivian Automotive (NASDAQ:RIVN) Issues Earnings Results, Beats Estimates By $0.17 EPS

Posted by on Oct 29th, 2026

Rivian Automotive (NASDAQ:RIVN – Get Free Report) posted its earnings results on Thursday. The electric vehicle automaker reported ($0.48) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.17, FiscalAI reports. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $1.95 billion. Rivian Automotive had a negative net margin of 54.96% and a negative return on equity of 73.90%. The firm’s quarterly revenue was up 38.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.08) earnings per share.

Here are the key takeaways from Rivian Automotive’s conference call:

  • R2 demand and production are ramping strongly: R2 became Rivian’s best-selling vehicle in Q3, supported by record deliveries, strong Launch Edition reservation conversion, and more than 103,000 R1/R2 demo drives. A second production shift has started, with R2 expected to represent most deliveries in Q4.
  • Rivian reported 38% year-over-year revenue growth to $2.155 billion and consolidated gross profit of $176 million, while software and services generated $256 million of gross profit at a 42% margin. Automotive gross loss improved by $50 million year over year, although the R2 ramp added approximately $120 million of incremental costs.
  • Management raised 2026 delivery guidance to 67,000–70,000 vehicles and narrowed its expected adjusted EBITDA loss to $1.75–$1.85 billion. Rivian expects to exit the year with a positive automotive gross margin run rate, while lowering 2026 capital expenditure guidance to $1.4–$1.5 billion due to spending-timing changes.
  • Rivian continues to invest heavily in autonomy, with Autonomy+ take rates ahead of expectations and a supervised Point to Point feature planned for limited release later this year and broader availability in 2027. The company also acquired Third Dimension AI to accelerate closed-loop simulation and expects autonomy to support future consumer, commercial-van, and Uber robotaxi applications.
  • Profitability remains exposed to launch inefficiencies, rising memory and commodity costs, supply-chain ramp complexity, and increasing autonomy R&D spending. Rivian also announced CFO Claire McDonough’s departure, with Derek Mulvey becoming interim CFO, while 2027 capital expenditures are expected to rise meaningfully as Georgia factory construction accelerates.

Rivian Automotive Trading Down 1.9%

Shares of NASDAQ RIVN traded down $0.22 during mid-day trading on Thursday, reaching $11.45. The company’s stock had a trading volume of 42,485,362 shares, compared to its average volume of 25,844,342. The stock has a 50-day moving average of $14.60 and a two-hundred day moving average of $15.53. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.10 and a quick ratio of 1.65. Rivian Automotive has a 1-year low of $11.38 and a 1-year high of $22.69.

Rivian Automotive News Roundup

Here are the key news stories impacting Rivian Automotive this week:

  • Positive Sentiment: Rivian reported an adjusted loss of $0.48 per share, better than the expected $0.65 loss, while revenue rose 38.3% year over year to approximately $2.15 billion, exceeding estimates of $1.95 billion. The narrower loss and revenue beat were the primary bullish catalysts. Rivian Q3 earnings report
  • Positive Sentiment: The R2 SUV became Rivian’s best-selling vehicle in the quarter, supporting a record delivery period and reinforcing expectations that the lower-priced model can drive volume growth. The R2 SUV is already Rivian’s best-selling vehicle
  • Positive Sentiment: Management raised its full-year delivery outlook and updated expectations for adjusted earnings and capital spending, signaling improved execution as R2 production ramps. Rivian third-quarter earnings beat estimates
  • Positive Sentiment: Rivian expanded its $5.8 billion Volkswagen joint venture to include AI assistants, potentially creating additional software and technology revenue opportunities. It also acquired Third Dimension AI to strengthen driver-assistance technology. Rivian expands joint venture with VW
  • Negative Sentiment: Despite the improvement, Rivian still posted a substantial net loss, with reports citing a GAAP loss of about $913 million, a negative net margin and continuing cash-burn concerns. Investors will need evidence that R2 volume can translate into sustainable automotive profitability. Rivian Automotive Q3 earnings snapshot

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wells Fargo & Company raised their target price on Rivian Automotive from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. TD Cowen raised their price objective on Rivian Automotive from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, July 31st. BNP Paribas Exane boosted their price objective on Rivian Automotive from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Stifel Nicolaus set a $22.00 target price on Rivian Automotive in a research note on Monday, August 24th. Finally, Yorkville Ives initiated coverage on Rivian Automotive in a research report on Tuesday, October 6th. They set an “outperform” rating and a $20.00 target price on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.86.

View Our Latest Analysis on RIVN

Insider Buying and Selling at Rivian Automotive

In other Rivian Automotive news, CFO Claire McDonough sold 8,023 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $16.00, for a total value of $128,368.00. Following the sale, the chief financial officer owned 819,178 shares of the company’s stock, valued at $13,106,848. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael John Callahan sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $15.00, for a total value of $225,000.00. Following the completion of the transaction, the insider directly owned 1,001,776 shares in the company, valued at approximately $15,026,640. The trade was a 1.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 51,167 shares of company stock valued at $788,306. 1.48% of the stock is owned by company insiders.

About Rivian Automotive

(Get Free Report)

Rivian Automotive, Inc is an electric vehicle manufacturer that designs, develops and produces all-electric trucks, sport utility vehicles and commercial delivery vans. The company focuses on vehicles intended for outdoor recreation, everyday transportation and fleet use, combining battery-electric powertrains with software and connected-vehicle technologies.

Rivian’s consumer vehicle lineup includes the R1T pickup truck and R1S sport utility vehicle. The company also develops electric commercial vans for business and delivery fleets, including vehicles produced through its relationship with Amazon.

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Earnings History for Rivian Automotive (NASDAQ:RIVN)

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