Rivian Stock

Trending in the US since Oct 29, 4:30 PM EDT · about 1K+ searches · covered by 4 news outlets

The background

IRVINE, Calif., Oct. 29 — Rivian Automotive reported results for the quarter ended Sept. 30. Revenue rose 38 percent to $2.155 billion, and the company said it delivered a record 19,248 vehicles from July through September. The new R2 SUV, the company's smaller and less costly model, became its best-selling vehicle by volume.

The stock had fallen sharply before the report. It closed at $11.45 on Thursday, down 1.9 percent, after touching a 52-week low of $11.38 earlier that day. Shares rose about 7 percent in after-hours trading. Rivian raised its delivery forecast for 2026 to 67,000 to 70,000 vehicles, up from at least 65,000. Commentators noted the stock is still down about 42 percent this year, and they questioned how much the R2 is driving profit.

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Key facts

• Rivian reported third-quarter 2026 results on Thursday, Oct. 29.
• Revenue rose 38 percent to $2.155 billion.
• The company lost $913 million, less than the $1.17 billion loss a year earlier.
• Rivian delivered a record 19,248 vehicles from July through September.
• Software and services brought in $605 million in revenue, with a gross profit of $256 million.

What we don't know yet

Rivian does not break out R2 sales from total deliveries, so the size of R2 sales is unclear.

Updated Nov 2, 8:52 AM EST.