Rivian Raises Full-Year Delivery Guidance Amid R2 SUV Growth
Rivian (RIVN) has raised its full-year vehicle delivery guidance to a range of 67,000 to 70,000 units, up from its previous estimate of 65,000 to 70,000. This adjustment follows a strong third quarter where the company reported revenue of $2.16 billion, a 38% year-over-year increase that exceeded analyst expectations. Third-quarter deliveries reached a record 19,248 vehicles, contributing to a year-to-date total of 41,804. The company's growth strategy is heavily centered on the R2 SUV, which launched in June 2026 and has already become its best-selling vehicle by volume. While Rivian must deliver approximately 25,000 to 28,000 vehicles in the fourth quarter to meet its new guidance, the rollout of more affordable R2 configurations through 2027 is expected to position the company as a direct competitor to Tesla's Model Y.
Topics: earnings beat guidance upgrade revenue growth vehicle deliveries
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