NASDAQ$RIVN
Rivian Automotive · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Rivian's Q3 2024 financial results were released, highlighting progress in production and cost management.
Rivian reported Q3 2024 revenues of $874 million, driven by 10,018 vehicle deliveries. The company produced 13,157 vehicles. Rivian reaffirmed its 2024 delivery outlook of 50,500 to 52,000 vehicles and is on track for positive gross profit in Q4 2024.
- Reaffirmed 2024 delivery outlook of 50,500 to 52,000 vehicles.
- Secured R2 battery cell supply with multi-year LG Energy Solution contract.
- Company on track for positive gross profit for fourth quarter 2024.
- Launched R1 Tri-Motor configuration.
Headline financials
Revenue & EPS history
Rivian · Revenue · Quarterly
$874M
Forward guidance
Rivian revised its latest full year 2024 production guidance to between 47,000 to 49,000 vehicles, and is also revising its annual adjusted EBITDA guidance to between a $(2.825) billion loss to a $(2.875) billion loss. Rivian is reaffirming its delivery outlook of between 50,500 to 52,000 vehicles and $1,200 million in capital expenditures.
Tailwinds
- Reaffirmed 2024 delivery outlook of 50,500 to 52,000 vehicles.
- Secured R2 battery cell supply with multi-year LG Energy Solution contract.
- Company on track for positive gross profit for fourth quarter 2024.
- Launched R1 Tri-Motor configuration.
- Joint venture with Volkswagen Group expected to close in the fourth quarter.
Headwinds
- Revised full year 2024 production guidance to between 47,000 to 49,000 vehicles due to component shortage.
- Revised annual adjusted EBITDA guidance to between a $(2.825) billion loss to a $(2.875) billion loss.
- Production disruption due to a shortage of a shared component within its Enduro motor system.
- Experiencing increased costs or disruptions in supply of raw materials or other components used in vehicles.
- Potential delays in the manufacture and delivery of vehicles.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
-2.6%
Avg return
Earnings day
-3.8%
Avg return
5 days after
-3.1%
Avg return
30 days after
43%
10 / 23 earnings
Positive
+26.6%
Q4 2025
Best reaction
-27.9%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | -11.7% | -0.6% | |
| Q4 2025 | +26.6% | +15.4% | +6.1% | |
| Q3 2025 | +17.2% | +31.3% | +43.6% | |
| Q1 2025 | -5.6% | +8.4% | +3.7% | |
| Q4 2024 | -4.7% | -16.2% | -14.8% | |
| Q3 2024 | +9.1% | +9.0% | +33.9% | |
| Q2 2024 | -5.6% | -4.5% | -6.0% | |
| Q1 2024 | -0.6% | -3.3% | +13.6% | |
| Q4 2023 | -27.9% | -32.7% | -32.0% | |
| Q3 2023 | -1.0% | -10.4% | +11.7% | |
| Q2 2023 | -7.9% | -11.2% | -3.5% | |
| Q1 2023 | +1.7% | -6.9% | +1.3% | |
| Q4 2022 | -14.6% | -8.3% | -22.0% | |
| Q3 2022 | +3.5% | +7.9% | -14.3% | |
| Q2 2022 | +4.0% | +2.2% | +0.4% | |
| Q2 2021 | +4.0% | +2.2% | +0.4% | |
| Q1 2022 | +6.6% | +9.1% | +24.4% | |
| Q1 2021 | +6.6% | +9.1% | +24.4% | |
| Q4 2019 | -10.7% | -18.9% | -41.9% | |
| Q4 2021 | -13.4% | -15.8% | -11.7% | |
| Q4 2020 | -17.4% | -11.5% | -26.6% | |
| Q3 2021 | -15.0% | -15.8% | -30.5% | |
| Q3 2020 | -15.0% | -15.8% | -30.5% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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