Rivian beats Wall Street's Q3 expectation, maintains guidance

Core Insights - Rivian Automotive exceeded Wall Street expectations for Q3, reporting a gross profit of $24 million, contrasting with the anticipated loss of $38.6 million [1][2] Financial Performance - The gross profit included a $130 million loss in automotive operations, which represented a $249 million improvement year-over-year, offset by $154 million from the joint venture with Volkswagen and its software and services business [2] - Adjusted loss per share was 65 cents, better than the expected loss of 72 cents, while revenue reached $1.56 billion, surpassing the forecast of $1.5 billion [5] Future Guidance - Rivian maintained its 2025 guidance, projecting an adjusted earnings loss between $2 billion and $2.25 billion, capital expenditures of $1.8 billion to $1.9 billion, and vehicle deliveries of 41,500 to 43,500 units [3]