Rivian (RIVN) just released its Q3 2026 earnings, with revenue up 38% year-over-year to $2.155 billion. The R2, in its first full quarter of deliveries, is already the company’s best-selling vehicle, ahead of both the R1 and the Amazon van.
The results beat Wall Street’s expectations, and Rivian is raising its 2026 guidance on every metric. But the car business is still losing money, and the R2 ramp made the automotive margin worse this quarter.
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