Rivian (RIVN) Stock Jumps 7% After Q3 Earnings Beat and Higher Delivery Outlook

TLDR Rivian Automotive (RIVN) stock rose 7% in pre-open trading to $12.27 after third-quarter results beat estimates. Revenue grew 38% to $2.16 billion, topping the $1.99 billion forecast. The adjusted loss was $0.48 per share versus $0.64 expected. Rivian raised its 2026 delivery guidance to 67,000 to 70,000 vehicles and narrowed its adjusted EBITDA loss outlook to about $1.8 billion. CEO RJ Scaringe expects to hit an autonomy milestone by year-end, which would unlock $250 million from Uber. The stock sat near its 52-week low of $11.38 before the report, while the broader market traded lower. Rivian Automotive (RIVN) stock climbed 7% in pre-open trading on Friday to $12.27. The move followed third-quarter results that beat Wall Street estimates on nearly every measure.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinCentral.