Rivian Inc. reported that its third‑quarter earnings surpassed market expectations, with a notable rise in software revenue and deliveries of its R2 electric pickup model.
In addition to the stronger quarterly performance, the company updated its 2026 outlook. Rivian now projects improvements in vehicle deliveries, pre‑tax adjusted earnings and capital expenditures for the coming year.
Rivian, a U.S. electric‑vehicle manufacturer, has been expanding its product line and software offerings, which analysts say are key drivers behind the recent earnings beat.
While the company did not disclose specific figures in the brief announcement, the revised guidance signals confidence in continued growth across its vehicle and software businesses.
<small>Source: CNBC — read the original story there.</small>