Rivian Beats Q3 Estimates, Lifts Outlook on R2 Sales — SkimNews
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- Rivian beat third-quarter estimates, reported upbeat results and boosted full-year guidance as R2 sales ramped and deliveries rose.
- R2 became Rivian's top-selling EV, while software revenue increased and the stock rose following the earnings report.
Why it matters: For **Rivian shareholders**, the stock rose alongside the company's earnings beat and lifted full-year guidance. The consequential detail is that software revenue increased alongside R2 deliveries, showing the reported improvement was not confined to vehicle sales, although the excerpt gives no dollar, percentage or delivery figures.
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