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Rivian climbs after-hours as it beats on top and bottom lines

Rivian posted its third-quarter earnings after the bell on Tuesday.

Max Knoblauch

Rivian posted its third-quarter earnings results after the bell on Tuesday, and its final quarter with the $7,500 EV tax credit saw better-than-expected results.

The electric vehicle maker, which delivered 10% more vehicles in its third quarter than Wall Street expected, closed down more than 5% on the day. In after-hours trading, shares rose more than 3%.

The company posted an adjusted net loss per share of $0.65, better than the $0.72 loss per share expected by analysts polled by FactSet. In the same quarter last year, Rivian lost $0.99 per share.

Rivian also:

  • Booked $1.56 billion in revenue, up 78% from last year and better than the $1.51 billion Wall Street expected.

  • Reported a gross profit of $24 million, compared to a $392 million loss in the same quarter last year. Analysts had expected a $39 million loss.

Looking ahead, Rivian maintained its recently narrowed full-year delivery outlook of between 41,500 and 43,500 vehicles. The automaker also reaffirmed its full-year negative earnings before interest and taxes guidance of between $2 billion and $2.25 billion.

Rivian has been cutting costs in recent weeks, performing two rounds of layoffs in two months as it prepares for its 2026 launch of a midsize SUV — the R2 — for around $45,000. Its shares are down about 6% this year, significantly underperforming the S&P 500.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

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