Rivian Automotive (NASDAQ:RIVN) Releases Earnings Results, Beats Estimates By $0.16 EPS

Rivian Automotive (NASDAQ:RIVN) posted its earnings results on Thursday. The electric vehicle automaker reported ($0.48) EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.16, FiscalAI reports. Rivian Automotive had a negative return on equity of 73.38% and a negative net margin of 45.88%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the company earned ($1.08) EPS. The company’s quarterly revenue was up 38.3% compared to the same quarter last year.

Here are the key takeaways from Rivian Automotive’s conference call:

• R2 demand and production are ramping strongly: R2 became Rivian’s best-selling vehicle in Q3, supported by record deliveries, strong Launch Edition reservation conversion, and more than 103,000 R1/R2 demo drives. A second production shift has started, with R2 expected to represent most deliveries in Q4.
• Rivian reported 38% year-over-year revenue growth to $2.155 billion and consolidated gross profit of $176 million, while software and services generated $256 million of gross profit at a 42% margin. Automotive gross loss improved by $50 million year over year, although the R2 ramp added approximately $120 million of incremental costs.
• Management raised 2026 delivery guidance to 67,000–70,000 vehicles and narrowed its expected adjusted EBITDA loss to $1.75–$1.85 billion. Rivian expects to exit the year with a positive automotive gross margin run rate, while lowering 2026 capital expenditure guidance to $1.4–$1.5 billion due to spending-timing changes.
• Rivian continues to invest heavily in autonomy, with Autonomy+ take rates ahead of expectations and a supervised Point to Point feature planned for limited release later this year and broader availability in 2027. The company also acquired Third Dimension AI to accelerate closed-loop simulation and expects autonomy to support future consumer, commercial-van, and Uber robotaxi applications.
• Profitability remains exposed to launch inefficiencies, rising memory and commodity costs, supply-chain ramp complexity, and increasing autonomy R&D spending. Rivian also announced CFO Claire McDonough’s departure, with Derek Mulvey becoming interim CFO, while 2027 capital expenditures are expected to rise meaningfully as Georgia factory construction accelerates.

Rivian Automotive Trading Up 6.2%

NASDAQ:RIVN traded up $0.71 during mid-day trading on Friday, hitting $12.16. 62,593,056 shares of the stock traded hands, compared to its average volume of 26,398,842. The stock has a market capitalization of $17.61 billion, a price-to-earnings ratio of -5.40 and a beta of 1.62. Rivian Automotive has a 52 week low of $11.38 and a 52 week high of $22.69. The firm’s 50 day moving average is $14.53 and its two-hundred day moving average is $15.50. The company has a quick ratio of 1.65, a current ratio of 2.10 and a debt-to-equity ratio of 0.87.

Wall Street Analyst Weigh In

RIVN has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Rivian Automotive from a “buy” rating to an “underperform” rating in a report on Tuesday, August 4th. Needham & Company LLC reduced their price objective on Rivian Automotive from $23.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday. Wall Street Zen downgraded Rivian Automotive from a “hold” rating to a “sell” rating in a research report on Saturday. Stifel Nicolaus set a $22.00 price objective on Rivian Automotive in a research note on Monday, August 24th. Finally, Royal Bank Of Canada raised their price objective on Rivian Automotive from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Fourteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Rivian Automotive currently has a consensus rating of “Hold” and a consensus price target of $19.50.

Insider Activity

In other Rivian Automotive news, CFO Claire McDonough sold 8,023 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $16.00, for a total transaction of $128,368.00. Following the completion of the transaction, the chief financial officer owned 819,178 shares in the company, valued at $13,106,848. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael John Callahan sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $15.00, for a total value of $225,000.00. Following the transaction, the insider directly owned 1,001,776 shares in the company, valued at approximately $15,026,640. This represents a 1.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 51,167 shares of company stock valued at $788,306. 1.48% of the stock is owned by insiders.

Key Rivian Automotive News

Here are the key news stories impacting Rivian Automotive this week:

• Positive Sentiment: Rivian reported third-quarter revenue of approximately $2.15 billion, up 38.3% year over year and ahead of the roughly $2 billion analyst estimate. Its adjusted loss of $0.48 per share was narrower than the expected $0.64–$0.65 loss, supported by higher deliveries, software revenue and improved gross profit. Rivian third-quarter earnings beat estimates
• Positive Sentiment: The company raised its full-year outlook for vehicle deliveries, adjusted pre-tax earnings and capital expenditures. The R2 SUV became Rivian’s best-selling vehicle in the quarter, strengthening the investment case for its planned higher-volume, more affordable model. Rivian raises full-year guidance on Q3 revenue beat
• Positive Sentiment: Analyst sentiment included a Jefferies upgrade from Hold to Buy with a $17 target, while Piper Sandler maintained an Overweight rating and $20 target, arguing that the prior selloff had gone too far. Options activity was also bullish-leaning, with call volume 39% above typical levels. Piper Sandler’s $20 Target Says Rivian’s Selloff Went Too Far
• Neutral Sentiment: Rivian expanded its $5.8 billion Volkswagen joint venture to include an AI assistant and separately acquired Third Dimension AI to support driver-assistance technology. These initiatives could improve future software and autonomy revenue, although the near-term financial benefit remains unclear. Rivian expands joint venture with VW to include AI assistant
• Negative Sentiment: Analysts were not uniformly bullish: Cantor Fitzgerald cut its target from $19 to $16 and retained a Neutral rating, while Needham reduced its target from $23 to $18 despite keeping a Buy rating. Rivian also remains deeply unprofitable, with heavy cash burn and negative margins, leaving execution of the R2 ramp critical.

Rivian Automotive Company Profile

Rivian Automotive, Inc is an electric vehicle manufacturer that designs, develops and produces all-electric trucks, sport utility vehicles and commercial delivery vans. The company focuses on vehicles intended for outdoor recreation, everyday transportation and fleet use, combining battery-electric powertrains with software and connected-vehicle technologies.

Rivian’s consumer vehicle lineup includes the R1T pickup truck and R1S sport utility vehicle. The company also develops electric commercial vans for business and delivery fleets, including vehicles produced through its relationship with Amazon.