Josh Boland | Chicago Tribune | Tribune News Service | Getty Images
The electric vehicle company reported delivery of 19,248 units from July through September, up from 13,201 a year earlier. Wall Street was expecting 18,000 units, according to average estimates compiled by FactSet.
Rivian’s 2026 guidance for vehicle deliveries, which it raised earlier this year, is between 65,000 and 70,000 vehicles. To achieve that target, the company would need to increase deliveries from the third to fourth quarters by at least 20.5%, to 23,193 vehicles.
The growth in deliveries comes as the company continues a ramp-up in production of its entry-level Rivian R2 SUV that launched earlier this year as a smaller, less expensive sibling to its flagship R1 SUV.