Rivian beats Q3 estimates, raises guidance; Jefferies and UBS upgrade stock
The gist
Rivian posted Q3 revenue of $2.155 billion, up 38%, and raised its 2026 delivery guidance.
Two brokerages upgraded the EV maker, though Cantor cut its target on valuation.
How it unfolded
- Oct 29, 2026Rivian reported Q3 revenue of $2.155 billion, up 38% year over year and above the $2.02 billion Bloomberg consensus, with an adjusted loss of $0.48 per share versus $0.61 expected; shares rose about 7.2% after hours.
- Oct 29, 2026The company raised full-year 2026 delivery guidance to 67,000-70,000 units from 65,000-70,000, tightened its adjusted EBITDA loss guidance to $1.75-$1.85 billion, and trimmed capital expenditure guidance to $1.40-$1.50 billion.
- Oct 30, 2026RIVN closed at $12.16, up 6.20%, on volume of 58.8 million shares, about 144% above its three-month average. Jefferies upgraded the stock to Buy from Hold with a $17 target, while Cantor Fitzgerald cut its target to $16 from $19.