In Pictures: Rivian Q3 2026: Revenue Jumps 38% as R2 Becomes Best-Seller, but Automotive Margins Slip

Rivian's Q3 2026 results showed revenue climbing 38% year-over-year to $2.155 billion.

Photo by Craig Adderley on Pexels

The R2 became Rivian's best-selling vehicle in its first full quarter on the market.

Photo by Hyundai Motor Group on Pexels

R2 ramp-up costs weighed on automotive gross margin, which worsened to -5% in the quarter.

Photo by Nishant Aneja on Pexels

Rivian raised its full-year guidance despite the margin pressure from scaling R2 output.

Photo by Kindel Media on Pexels

Manufacturing expansion underpinned the R2 launch as Rivian pushed to meet demand.

Photo by Cemrecan Yurtman on Pexels

The company continues investing in production capacity as R2 volumes grow.

Photo by Nova lv on Pexels

Automotive gross margin slipped to -5% as R2 production costs weighed on profitability.

Photo by João Jesus on Pexels

Rivian beat analyst estimates on revenue even as profitability remained under pressure.

Photo by Kindel Media on Pexels

Battery supply remains central to Rivian's ramp-up of the R2 and its path to better margins.

Photo by Heru Dharma on Pexels