Rivian (RIVN) Q3 2026 earnings: revenue up 38%, R2 now its best-seller

Rivian (RIVN) reported Q3 2026 earnings with a revenue increase of 38% year-over-year, totaling $2.155 billion. The R2, in its first full quarter of deliveries, has become the company’s best-selling vehicle, surpassing the R1 and the Amazon van. The results exceeded Wall Street’s expectations, prompting Rivian to raise its 2026 guidance across all metrics. However, the automotive segment continues to incur losses, and the ramp-up of the R2 negatively impacted automotive margins this quarter.