Rivian lifts delivery guidance as software profits offset automotive losses
Rivian ($RIVN) reported third-quarter 2026 revenue of $2.16 billion, up 38% from a year earlier. Consolidated gross profit reached $176 million, compared with $24 million. The mix matters: automotive operations still lost $80 million at the gross-profit level, while software and services generated $256 million of gross profit. Software revenue included $354 million from the Volkswagen ($VOW3) joint venture, representing 59% of that segment’s sales. The company raised the lower end of its 2026 de
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