Rivian Raised Guidance to 67,000-70,000 Deliveries. Here's the Q4 Number the R2 Ramp Must Hit -- and What the Stock Does if It Doesn't.
The EV maker's newest vehicle could bring back the bulls.
Rivian, the electric vehicle manufacturer, raised its delivery guidance for the fourth quarter, now aiming for 67,000 to 70,000 vehicles. This adjustment comes after the company's third-quarter earnings report, which showed a 38% year-over-year revenue growth to $2.16 billion and narrowed its adjusted net loss to $0.48 per share.
The company delivered a record 19,248 vehicles in Q3, bringing its year-to-date deliveries to 41,804 vehicles. To reach its revised target, Rivian must deliver between 25,000 and 28,000 vehicles in Q4. The company launched its third consumer vehicle, the R2 SUV, in June 2026, with the aim of expanding its total addressable market and widening its moat.
Rivian's founder and CEO, RJ Scaringe, claims that the R2 has been its best-selling vehicle by volume in the third quarter. Analysts believe Rivian has delivered at least 10,000 R2s since its launch, but the company has not disclosed exact numbers. Rivian is banking on the R2's affordability and competitive features to attract new drivers and former Tesla owners, especially as Elon Musk faces public backlash over his political views.
Despite Rivian's current low valuation of $13 per share, trading 83% below its IPO price, a successful fourth-quarter delivery target could significantly boost the stock, potentially reclassifying it as a high-growth EV stock.
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