Rivian Q3 2026: Revenue Jumps 38% as R2 Becomes Best-Seller, but Automotive Margins Slip
Rivian posted Q3 2026 revenue of $2.155 billion, up 38% year-over-year and ahead of analyst estimates, with the R2 already its top-selling vehicle in its first full quarter. The company raised full-year guidance, but automotive gross margin worsened to -5% as R2 ramp costs weighed on profitability.