Rivian third-quarter earnings beat estimates as software revenue, R2 deliveries rise - CNBC — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Rivian posted third-quarter results ahead of analysts' estimates, with both software revenue and R2 deliveries rising in the quarter.
- R2 became Rivian's officially best-selling vehicle, and Rivian's stock rose on the earnings beat, which Barron's framed as signs of life in the EV market.
Why it matters: For Rivian shareholders, the two-track beat matters because the growth was not confined to vehicle volume: software revenue rose alongside deliveries, and the R2 now carries sales leadership for the lineup. Barron's stretched the same numbers to the wider EV market, reading them as a sign of life beyond one automaker.
Ask SkimNews
