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Rivian Automotive (RIVN) investor relations material
Rivian Automotive Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Record Q3 production of 19,751 vehicles and deliveries of 19,248; R2 became the top-selling vehicle by volume.
Revenue rose 38% YoY to $2.155B, with $176M gross profit; adjusted EBITDA loss was $435M.
FY2026 delivery guidance increased to 67,000–70,000 vehicles; Claire McDonough is stepping down as CFO, with Derek Mulvey named Interim CFO effective October 30.
Financial highlights
Q3 revenue was $2.155B versus $1.558B a year earlier; operating loss improved to $881M from $983M.
Net loss attributable to common stockholders was $913M, or $0.63 per share; adjusted net loss was $704M, or $0.48 per share.
Adjusted EBITDA loss was $435M versus $602M YoY; operating cash flow was negative $758M, capex was $366M, and free cash flow was negative $1.124B.
Nine-month revenue was $5.194B and net loss attributable to common stockholders was $2.162B; other income included a $506M Mind Robotics-related gain.
Outlook and guidance
FY2026 delivery guidance rose from 65,000–70,000 to 67,000–70,000 vehicles; R2 is expected to make up most Q4 deliveries.
FY2026 adjusted EBITDA loss guidance improved by $100M at the midpoint to $1.75B–$1.85B, supported by credits, an IEEPA tariff refund receivable, and higher expected deliveries.
FY2026 capex guidance fell by $300M at the midpoint to $1.40B–$1.50B due to spend timing; a meaningful increase is expected in 2027 as Georgia construction ramps.
Positive automotive gross profit is targeted exiting Q4, not for the full quarter; R2 scale is expected to support margin expansion through 2027.
- Point-to-point autonomy launches in late 2026, with Uber and VW partnerships driving future growth.RIVN
Evercore's 9th Annual ADAS, AV & AI Forum - R2 launch drives mass market expansion, autonomy progress, and robust demand momentum.RIVN
Morgan Stanley's 14th Annual Laguna Conference - R2 launch drives strong demand as autonomy and partnerships accelerate growth.RIVN
Goldman Sachs Communacopia + Technology Conference 2026 - Q2 2026 revenue up 27% to $1.66B, R2 deliveries began, and liquidity exceeds $14B.RIVN
Q2 2026 - R2 launch, financial gains, and tech innovation drive growth; all proposals approved.RIVN
AGM 2026 - Q3 2025 revenue surged 78% to $1.56B, with record deliveries and positive gross profit.RIVN
Q3 2025 - $5.8B JV drives next-gen EV software, secures funding, and delivers cost efficiencies.RIVN
Investor Update - Q3 net loss narrowed, margins improved, and VW JV plus Illinois incentives support future growth.RIVN
Q3 2024 - Q2 revenue up 3% to $1.16B, net loss widens, $5B Volkswagen JV boosts future funding.RIVN
Q2 2024
Next Rivian Automotive earnings date
Next Rivian Automotive earnings date
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Frequently asked questions
EVs Built for Adventure
Rivian is an American electric vehicle manufacturer and clean energy company founded in 2009. The company, headquartered in Plymouth, Michigan, is known for designing and producing all-electric vehicles including a pickup truck and an SUV. Beyond consumer vehicles, Rivian also develops electric delivery vans, showcasing a commitment to sustainable fleet solutions. The company is one of the younger American car manufacturers and places a large emphasis on making sustainable vehicles that are designed and marketed as a component of an active and adventurous lifestyle.
Foundation and Growth
Rivian, an electric vehicle manufacturer, was founded by RJ Scaringe in 2009. Initially operating far away from public eyes developing its first vehicles, the company entered the spotlight in 2018 with the unveiling of its R1T pickup and R1S SUV. Today, backed by investors such as Amazon and Ford and after going public in 2021, has transitioned into vehicle production and delivery.
Catering to Adventurous Consumers
Rivian markets itself to a segment of consumers who are not only environmentally conscious but also adventurous and outdoorsy. This includes individuals and families who want a vehicle with sustainable technology and zero emissions but do not wish to compromise on performance, capability, or comfort. Additionally, Rivian's vehicles are designed to meet the needs of those who use their vehicles as a part of an active lifestyle. The aesthetic and performance of their models, coupled with features like flexible cargo spaces and off-road capabilities, aim to attract consumers seeking a blend of adventure and environmentally friendly transportation in their choice of vehicle.
For Commercial Customers
Even if Rivian has garnered the bulk of their public attention from its offering of EVs for private individuals, they also cater to businesses. Rivian's fleet offerings revolve around their electric delivery vans, designed in collaboration with Amazon. The vans are equipped with advanced safety and autonomous features and can cover approximately 150 miles per charge, making them a viable option for local and last-mile delivery needs.
Additionally, their spacious interiors facilitate easy cargo loading and unloading. Beyond just the vehicles, Rivian offers a comprehensive fleet management solution. This includes predictive maintenance, optimized routing, real-time tracking, and more, helping businesses streamline their operations and maximize efficiency. The company has also developed a robust charging infrastructure that includes home, public, and fast-charging options, providing versatile solutions for businesses integrating electric vehicles into their fleets.
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