Rivian Q3 revenue rises 38% as R2 becomes its best-selling vehicle

Rivian reported third-quarter 2026 revenue of US$2.155 billion (C$3.02 billion), up 38% year over year. Deliveries climbed 46% to 19,248 vehicles, and the company produced a record 19,751 vehicles at its Normal, Illinois factory. Since its June introduction, the R2 has outsold the R1 and electric delivery vans, becoming Rivian's best-selling vehicle by volume. Consolidated gross profit was US$176 million, improving by US$152 million, although the automotive business still posted a gross loss of US$80 million. The net loss narrowed to US$913 million from US$1.173 billion a year earlier.…

• R2 outsold the R1 and electric vans since its June debut.
• Net loss of US$913 million, down from US$1.173 billion a year earlier.

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