Rivian's R2 Becomes Best-Seller as Q3 Revenue Climbs 38%
Rivian reported Q3 2026 revenue of $2.155 billion, up 38% year-over-year, and raised its 2026 guidance, though its vehicle business remains unprofitable.
AfroEuropa Newsroom
AfroEuropa desk
Rivian reported third-quarter 2026 revenue of $2.155 billion, a 38% increase compared with the same period a year earlier, according to Electrek. The company's results came in ahead of Wall Street's expectations, and Rivian raised its 2026 guidance across every metric.
The R2, which Electrek described as having completed its first full quarter of deliveries, has become Rivian's best-selling vehicle, moving ahead of both the R1 line and the Amazon delivery van. InsideEVs reported that the R2, positioned as a competitor to the Tesla Model Y, has proven popular with buyers, and that Rivian lifted its annual delivery forecast again.
Despite the revenue growth, Rivian's automotive business continued to lose money. Electrek reported that the effort to ramp up R2 production weighed on the company's automotive margin during the quarter.
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