Rivian Stock Surges After Q3 Earnings Beat and Reaffirmed Guidance

Rivian Automotive (RIVN) shares climbed in extended trading as the electric vehicle Maker reported a narrower-than-expected Q3 loss and revenue that surpassed estimates. The company posted an adjusted loss of $0.65 per share, beating the consensus forecast of a $0.72 loss, while revenue jumped 78% year-over-year to $1.56 billion—$60 million above expectations.

A surprise $24 million gross profit, starkly contrasting with an anticipated $38.6 million loss, highlighted strength across Rivian's automotive, software, and services divisions. The Volkswagen (VWAGY) joint venture provided additional momentum. With $7.7 billion in total liquidity, including $7.1 billion in cash, CEO RJ Scaringe emphasized readiness for the R2 launch despite macroeconomic headwinds.

The company maintained its full-year 2025 guidance, projecting an adjusted EBITDA loss of $2 billion to $2.25 billion and capital expenditures of $1.8 billion to $1.9 billion. Vehicle delivery targets remain unchanged at 41,500 to 43,500 units.