Rivian Automotive (NASDAQ:RIVN) Posts Earnings Results, Beats Expectations By $0.16 EPS

Rivian Automotive (NASDAQ:RIVN) announced its quarterly earnings results on Thursday. The electric vehicle automaker reported ($0.48) EPS for the quarter, beating the consensus estimate of ($0.64) by $0.16, FiscalAI reports. Rivian Automotive had a negative return on equity of 73.90% and a negative net margin of 54.96%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the company posted ($1.08) earnings per share. The company’s revenue for the quarter was up 38.3% compared to the same quarter last year.

Here are the key takeaways from Rivian Automotive’s conference call:

• R2 demand and production are ramping strongly: R2 became Rivian’s best-selling vehicle in Q3, supported by record deliveries, strong Launch Edition reservation conversion, and more than 103,000 R1/R2 demo drives. A second production shift has started, with R2 expected to represent most deliveries in Q4.
• Rivian reported 38% year-over-year revenue growth to $2.155 billion and consolidated gross profit of $176 million, while software and services generated $256 million of gross profit at a 42% margin. Automotive gross loss improved by $50 million year over year, although the R2 ramp added approximately $120 million of incremental costs.
• Management raised 2026 delivery guidance to 67,000–70,000 vehicles and narrowed its expected adjusted EBITDA loss to $1.75–$1.85 billion. Rivian expects to exit the year with a positive automotive gross margin run rate, while lowering 2026 capital expenditure guidance to $1.4–$1.5 billion due to spending-timing changes.
• Rivian continues to invest heavily in autonomy, with Autonomy+ take rates ahead of expectations and a supervised Point to Point feature planned for limited release later this year and broader availability in 2027. The company also acquired Third Dimension AI to accelerate closed-loop simulation and expects autonomy to support future consumer, commercial-van, and Uber robotaxi applications.
• Profitability remains exposed to launch inefficiencies, rising memory and commodity costs, supply-chain ramp complexity, and increasing autonomy R&D spending. Rivian also announced CFO Claire McDonough’s departure, with Derek Mulvey becoming interim CFO, while 2027 capital expenditures are expected to rise meaningfully as Georgia factory construction accelerates.

Rivian Automotive Stock Up 4.1%

NASDAQ:RIVN traded up $0.47 on Friday, hitting $11.92. The stock had a trading volume of 21,344,863 shares, compared to its average volume of 29,045,777. Rivian Automotive has a 1 year low of $11.38 and a 1 year high of $22.69. The stock has a market cap of $17.25 billion, a P/E ratio of -4.61 and a beta of 1.62. The firm’s fifty day simple moving average is $14.60 and its two-hundred day simple moving average is $15.53. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.65 and a current ratio of 2.10.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RIVN shares. Cantor Fitzgerald cut their price target on Rivian Automotive from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday. Royal Bank Of Canada boosted their price target on shares of Rivian Automotive from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Morgan Stanley boosted their target price on shares of Rivian Automotive from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, July 31st. BNP Paribas Exane raised their price objective on Rivian Automotive from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company boosted their price objective on Rivian Automotive from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Rivian Automotive presently has a consensus rating of “Hold” and an average target price of $19.50.

Insiders Place Their Bets

In related news, insider Michael John Callahan sold 15,000 shares of Rivian Automotive stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $15.00, for a total value of $225,000.00. Following the completion of the transaction, the insider directly owned 1,001,776 shares in the company, valued at approximately $15,026,640. The trade was a 1.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Claire McDonough sold 13,144 shares of Rivian Automotive stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $14.50, for a total value of $190,588.00. Following the transaction, the chief financial officer directly owned 827,201 shares of the company’s stock, valued at $11,994,414.50. The trade was a 1.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 51,167 shares of company stock worth $788,306 in the last ninety days. Insiders own 1.48% of the company’s stock.

Trending Headlines about Rivian Automotive

Here are the key news stories impacting Rivian Automotive this week:

• Positive Sentiment: Rivian reported third-quarter revenue of approximately $2.15 billion, up 38.3% year over year and above the roughly $2 billion analyst estimate. Its per-share loss of $0.48 also exceeded expectations for a loss of about $0.64–$0.65, while the net loss narrowed from the prior year. Rivian third-quarter earnings report
• Positive Sentiment: The R2 became Rivian’s best-selling vehicle in the quarter, supporting higher deliveries and encouraging management to raise its 2026 delivery outlook for the second time this year. The company also pointed to better adjusted earnings expectations and lower capital expenditures. Rivian third-quarter earnings and R2 ramp
• Positive Sentiment: Improved vehicle deliveries, stronger gross profit and rising software revenue reinforced the investment case that Rivian’s lower-priced R2 platform can expand its addressable market and help move the company toward profitability. Rivian revenue and earnings beat
• Positive Sentiment: Jefferies upgraded RIVN from “hold” to “buy” and assigned a $17 price target, signaling greater confidence in the R2 ramp and the company’s execution. Jefferies Rivian rating
• Positive Sentiment: Rivian expanded its $5.8 billion Volkswagen joint venture to include AI assistants, potentially adding value to its software and connected-vehicle technology operations, although financial terms were not disclosed. Rivian Volkswagen AI joint venture
• Neutral Sentiment: Needham maintained a “buy” rating but lowered its price target from $23 to $18, while Cantor Fitzgerald retained a “neutral” rating and cut its target from $19 to $16. The revisions suggest analysts see upside but remain cautious about execution and profitability. Rivian analyst forecast revisions
• Negative Sentiment: Rivian remains deeply unprofitable, with a reported quarterly net loss of roughly $913 million, a negative net margin and continued cash-burn concerns. Analysts also lowered forecasts following the earnings release. Rivian quarterly loss

Rivian Automotive Company Profile

Rivian Automotive, Inc is an electric vehicle manufacturer that designs, develops and produces all-electric trucks, sport utility vehicles and commercial delivery vans. The company focuses on vehicles intended for outdoor recreation, everyday transportation and fleet use, combining battery-electric powertrains with software and connected-vehicle technologies.

Rivian’s consumer vehicle lineup includes the R1T pickup truck and R1S sport utility vehicle. The company also develops electric commercial vans for business and delivery fleets, including vehicles produced through its relationship with Amazon.