Rivian shares jump after beating Q3 expectations

Investing.com -- Rivian Automotive Inc (NASDAQ: RIVN) shares rose around 4% in after-hours trading Tuesday after the electric vehicle maker reported better-than-expected third-quarter results, with both earnings and revenue surpassing analyst estimates.

The EV manufacturer posted a third-quarter loss of -$0.65 per share, beating the analyst consensus of -$0.74. Revenue jumped to $1.56 billion, exceeding expectations of $1.52 billion and representing a 78% increase YoY. The company delivered 13,201 vehicles during the quarter, which it had previously indicated would be its highest delivery quarter for the year.

Rivian’s stock climbed following the results as investors responded positively to the company’s improved financial performance. The company reported $24 million in consolidated gross profit, a $416 million improvement compared to the same quarter last year.

"In Q3, we continued to make significant progress across our strategic priorities which includes R2 and our technology roadmap," said RJ Scaringe, Rivian Founder and CEO. "R2 delivers on the adventurous spirit customers expect from Rivian. It’s also a great daily driver that will fit so many different use cases for our customers."

The company maintained its 2025 annual guidance for vehicle deliveries between 41,500 and 43,500 units. Rivian also confirmed that preparations for the launch of its R2 vehicle in the first half of 2026 remain on track, with manufacturing validation builds expected to begin by year-end.

Rivian recently completed construction of its R2 body shop and general assembly facility in Normal, Illinois, and has updated its paint shop to increase total annual capacity to 215,000 units per year.

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