Rivian is tightening its full-year delivery forecast even as it turned in one of its strongest quarters to date. The automaker exceeded analyst expectations in Q3 2025, reporting deliveries that jumped more than 30% year-over-year, but it remains cautious about how many vehicles it can deliver for the rest of the year as incentives are removed and costs climb.
Q3 2025 Results
Between July and September, Rivian produced 10,720 vehicles at its Normal, Illinois facility and delivered 13,201 units to customers. Deliveries exceeded Wall Street’s forecast of around 12,700 vehicles. Along with beating expectations, the results are a nearly 32% jump compared to the previous quarter and an increase of more than 30% year-over-year.
The delivery figure also outpaced production by roughly 2,500 units, which means Rivian was able to cut down some of its existing inventory. Much of this surge is attributed to U.S. buyers rushing to finalize purchases before the September 30 expiration of the federal EV tax credit, which had offered up to $7,500 in savings.
Delivery Guidance Trimmed
Despite the stronger Q3 performance, Rivian is trimming its 2025 delivery guidance. The company now expects between 41,500 and 43,500 vehicles to reach customers this year. That’s a narrower range than its previous forecast of 40,000–46,000, and well below its original 2025 target of up to 51,000 units set at the beginning of this year.
Rivian is preparing for a crucial product launch in 2026, the R2 SUV, expected to start at around $45,000. Rivian’s factory in Normal is currently shut down for three weeks to perform upgrades for the start of R2 production. The automaker currently has hundreds of production-intent R2 vehicles testing across the U.S.
Rivian will release its full third-quarter financial results on November 4, 2025, after markets close, with an earnings call scheduled for 5:00 p.m. ET.
