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Rivian Beats Estimates and Gives Its 2026 Forecast a Fresh Coat

October 30, 2026 at 6:01 AM EDT · New York time

Rivian beat third-quarter earnings estimates as software revenue and deliveries of its R2 vehicles rose. The electric vehicle maker also revised its 2026 guidance to reflect expected improvements in vehicle deliveries, pre-tax adjusted earnings and capital expenditures. The earnings beat gives investors a concrete result to assess, while the revised guidance offers management's view of what the rest of the year could bring. Those are different kinds of news: one is a report card, and the other is a promise that still has to meet the calendar. Higher software revenue adds another dimension to a business often judged by the number of vehicles it can deliver. Rising R2 deliveries, meanwhile, provide a tangible measure of progress for a company trying to build demand for its vehicles. The revised outlook covers several important parts of the business, from deliveries to spending, but its expected improvements remain forecasts. Rivian can now put a brighter set of numbers in its presentation, which is the easy part. The harder part is making sure the vehicles, revenue and costs all arrive in roughly the places the presentation reserved for them. A forecast is an excellent road map, provided the road agrees.

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