Rivian delivered 19,248 electric vehicles in the third quarter, surpassing Wall Street expectations and confirming its 2026 delivery range. The company reported a 46% year-over-year increase on Friday, reinforcing its full-year sales target.

Analysts expected the manufacturer to move 18,000 units from July through September. Rivian beat that forecast by delivering 6,047 more vehicles than a year ago, when it shipped 13,201 cars.

Hitting the 65,000 to 70,000 vehicle target for 2026 requires a strong finish. The company must push fourth-quarter shipments up by at least 20.5%, reaching 23,193 vehicles.

Production growth stems from a steady ramp-up of the Rivian R2 SUV. The model launched earlier this year as a smaller and more affordable alternative to the flagship R1 SUV.