Rivian Automotive (RIVN) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Rivian published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Rivian reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted net loss per share (non-GAAP), which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Rivian reports a net loss, so its EPS figures are losses per share. Net loss attributable to common stockholders was $913 million in Q3 2026, against $1,173 million a year earlier.
• Q1 2026 GAAP results included a $506 million gain in other income related to the Series A capital raise and deconsolidation of Mind Robotics, which is why that quarter's loss per share was smaller.

Source: Rivian Q3 2026 financial results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Rivian splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Rivian's Automotive revenue was $1.6 billion in Q3 2026, up 36% from $1.1 billion in Q3 2025, 72% of total revenue.
• Rivian's Software and services revenue was $605 million in Q3 2026, up 45% from $416 million in Q3 2025, 28% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Rivian said:

“Full year delivery guidance is improving from 65,000 - 70,000 units to 67,000 - 70,000 units as a result of the production and delivery outlook for the fourth quarter of 2026.”

“Adjusted EBITDA is improving by $100 million at the mid-point due to better than expected revenue related to regulatory credits, an IEEPA tariff refund receivable in the third quarter, and an expected increase in delivery volumes.”

“Capital Expenditures are decreasing by $300 million at the mid-point due to timing of spend.”

Source: Rivian Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the RIVN forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenues and GAAP net loss per share (basic and diluted), each as first reported in that quarter's release.

We do not hold a confirmed date for Rivian's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Rivian reports two segments. In Q3 2026 Automotive brought in $1,550 million of the $2,155 million total and Software and services $605 million. Automotive revenue comes from selling new electric vehicles (the R1T pickup, the R1S SUV, the new R2 and the Electric Delivery Van) and from selling regulatory credits; Software and services covers vehicle electrical architecture and software development services, remarketing, and repair and maintenance. (Rivian Q3 2026 release, Oct 29, 2026; Rivian Form 10-Q, Q3 2026, Oct 29, 2026; Rivian Form 10-K, 2025, Feb 12, 2026)

Rivian put the 38% rise in revenue down to a 46% increase in deliveries, to 19,248 vehicles, along with $81 million of regulatory credit revenue and growth in software and services. Automotive revenue rose 36%, partly offset by a lower average selling price from a higher mix of R2 and commercial van deliveries. R2 outsold both R1 and EDV in the quarter. (Rivian Q3 2026 release, Oct 29, 2026)

Regulatory credits swung sharply: automotive revenue related to regulatory credits was $81 million in Q3 2026, against $1 million a year earlier. Rivian said that included credit revenue from Volkswagen Group during the quarter. (Rivian Form 10-Q, Q3 2026, Oct 29, 2026)

Two partners account for a large share of Rivian's sales. $354 million, or 59%, of Software and services revenue came from the joint venture with Volkswagen Group, and Rivian recorded $596 million of revenue from Amazon in Q3 2026, against $298 million a year earlier. Rivian designed the Electric Delivery Van in collaboration with Amazon, which has ordered an initial volume of 100,000 EDVs. (Rivian Q3 2026 release, Oct 29, 2026; Rivian Form 10-Q, Q3 2026, Oct 29, 2026)

Consolidated gross profit was $176 million, an 8% gross margin. Automotive still lost money at the gross level, $(80) million against $(130) million a year earlier, and Rivian said about $120 million of incremental cost of revenues came from the R2 production ramp. Software and services earned $256 million of gross profit, a 42% margin. (Rivian Q3 2026 release, Oct 29, 2026; Rivian Q3 2026 earnings presentation, Oct 29, 2026)

Rivian's GAAP net loss per share was $(0.63) in Q3 2026, against $(0.96) a year earlier. Its adjusted net loss per share, a non-GAAP measure, was $(0.48) against $(0.65). The adjustment adds back stock-based compensation ($201 million in the quarter), other expense or income, and special items such as restructuring. (Rivian Q3 2026 release, Oct 29, 2026)

Rivian's share count rose. Weighted-average shares were 1,446 million in Q3 2026, against 1,220 million a year earlier. During the first nine months of 2026 Rivian issued 63 million Class A shares to Volkswagen Group on reaching testing milestones in their investment agreement and 20 million to Uber, and raised $2,617 million from issuing capital stock. (Rivian Q3 2026 release, Oct 29, 2026; Rivian Form 10-Q, Q3 2026, Oct 29, 2026)

Rivian's Q1 2026 loss per share of $(0.33) was reduced by a $506 million gain tied to the Series A raise and deconsolidation of Mind Robotics, which Rivian excludes from its adjusted figures. Rivian owned 31.2% of Mind Robotics at September 30, 2026. (Rivian Q3 2026 release, Oct 29, 2026; Rivian Q3 2026 earnings presentation, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Rivian gives full-year guidance in each release on three lines: deliveries, adjusted EBITDA and capital expenditures. With Q3 2026 results it raised the bottom of its delivery range to 67,000 vehicles (the top stays at 70,000), improved adjusted EBITDA by $100 million at the midpoint to a loss of $1.85 billion to $1.75 billion, and cut capital expenditures by $300 million at the midpoint to $1.40 billion to $1.50 billion, citing timing of spend. (Rivian Q3 2026 release, Oct 29, 2026)

Rivian does not give a revenue or EPS outlook. Its presentation says the next Uber partnership milestone, expected by the end of 2026, would unlock a further $250 million of equity investment from Uber. (Rivian Q3 2026 release, Oct 29, 2026; Rivian Q3 2026 earnings presentation, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Rivian, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Rivian's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning RIVN is on is RIVN a buy or a sell?, what analysts expect next is on the RIVN forecast, and what the company does is on the Rivian Automotive (RIVN) stock page.

Every number on this page can be traced to a document Rivian published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.