Rivian (RIVN) Q3 2026 earnings: revenue up 38%, R2 now its best-seller
Despite beating Wall Street expectations and raising 2026 guidance, Rivian continues to lose money in its car business. The production ramp-up of the R2 negatively impacted automotive margins this quarter.
Key points
- Revenue grew 38% to $2.155 billion
- R2 outsold the R1 and Amazon vans
- Automotive margins declined due to R2 ramp-up
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