Rivian (RIVN) Q3 2026 earnings: revenue up 38%, R2 now its best-seller - Electrek — SkimNews
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- Rivian reported Q3 2026 revenue up 38%.
- R2 deliveries rose during the quarter, and the SUV climbed to Rivian's top-selling model.
- Rivian beat third-quarter earnings estimates, with the beat attributed to higher software revenue and increased R2 deliveries.
- Software revenue at Rivian grew alongside the R2 delivery increase, adding a revenue stream beyond vehicle sales.
- Rivian shares rose after the report, which was framed as signs of life in the EV market.
Why it matters: Rivian's 38% revenue growth and earnings beat came with the R2 becoming its best-seller, concentrating the company's commercial momentum in one vehicle while software revenue adds a second source of growth. For shareholders, the stock's rise is now tied to Rivian's own product mix rather than a broad EV rebound.
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