Rivian deliveries hit record high as R2 rollout gains momentum
RIVN•Rivian delivered a record 19,248 vehicles in the third quarter, topping analysts’ average estimate of 18,001. The company reaffirmed its 2026 delivery forecast of 65,000 to 70,000 vehicles.
1. Record quarterly deliveries
Rivian delivered 19,248 vehicles in the quarter ended September 30, beating analysts’ average estimate of 18,001. It produced 19,751 vehicles at its Normal, Illinois, factory. The company said quarterly production and deliveries were in line with expectations.
2. Forecast unchanged
Rivian reaffirmed its 2026 delivery forecast of 65,000 to 70,000 vehicles; analysts estimate it will deliver 66,685. Morningstar analyst Seth Goldstein said the market may have expected a guidance increase after the strong third-quarter results. Rivian’s R2 deliveries began in June, and Goldstein said its production ramp appears on track.
3. Uber partnership
Under a long-term partnership struck in March, Uber agreed to invest up to $1.25 billion in Rivian and begin deploying fully autonomous R2 SUVs as robotaxis from 2028. Rivian is scheduled to report third-quarter financial results on October 29.
