Rivian third-quarter earnings beat estimates as software revenue, R2 deliveries rise

Rivian Automotive reported third-quarter results that exceeded Wall Street estimates, driven by increased production of its R2 entry-level sport utility vehicle. The company delivered a record 19,248 units during the three-month period ended Sept. 30, with the R2 becoming its best-selling model and contributing substantially to quarterly gains.
The company revised its 2026 full-year guidance to reflect operational improvements. Rivian now projects a pre-tax adjusted loss between $1.75 billion a