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Ferrari nudges up full-year forecasts after beating consensus in Q3 - Finance news and analysis from Global Banking & Finance Review
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Ferrari nudges up full-year forecasts after beating consensus in Q3

Published by Global Banking & Finance Review

Posted on November 3, 2026

2 min read

· Last updated: November 3, 2026

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Ferrari Ups Full-Year Forecasts After Beating Q3 Earnings and Revenue Consensus

Ferrari Raises Guidance Following Strong Third Quarter Performance

MILAN, Nov 3 (Reuters) - Ferrari on Tuesday raised forecasts for this year's results marginally after beating consensus on core profit and revenue in the third quarter, helped by sales of higher-margin vehicles and contributions from the lucrative finishing touches added to its cars. 

Updated Financial Outlook

The Italian luxury sports car maker guided for its adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) to rise to at least €3 billion ($3.36 billion) in 2026, versus a previous forecast for a result of at least €2.97 billion.

Drivers Behind the Upgrade

The company said the forecast upgrade was based on stronger-than-expected personalisations - hose touches customers request at extra cost to make their cars better suited to their individual tastes - ofter currency headwinds and Ferrari's current second place in the Formula 1 Championship.

CEO Statement and Market Reaction

"Our order book now reaches into 2028, and we still have two more launches to come this year," Chief Executive Benedetto Vigna said in a statement.

Milan-listed shares in the company turned positive after initially extending losses when results were published. By 1210 GMT they were up 0.7%.

Third Quarter Results Overview

Core Income and Shipments

CORE INCOME RISES 12% IN Q3, CAR SHIPMENTS KEEP FALLING

In the third quarter, Ferrari's adjusted EBITDA rose 12% to €753 million, topping a €739 million analyst consensus in a Reuters poll.

Product Mix and Limited-Edition Models

Sales of the €3.6 million limited-edition F80 supercar improved Ferrari's product mix in the third quarter and its result in the period, the company said, despite another drop in overall car shipments.

In the July-September period Ferrari shipped 3,368 vehicles, 33 fewer than in the same period of last year.

Additional Information

($1 = 0.8937 euros)

(Reporting by Giulio PiovaccariEditing by Keith Weir)

Key Takeaways

  • Adjusted EBITDA in Q3 surged 12% to €753 million, outperforming the €739 million analyst consensus; performance was bolstered by the high‑margin F80 supercar and personalization trends. (marketscreener.com)
  • Ferrari raised its full‑year 2026 adjusted EBITDA target from at least €2.97 billion to at least €3 billion, citing stronger personalization demand, fewer currency headwinds, and a solid order book stretching into 2028. (marketscreener.com)
  • Limited‑edition models like the F80 drive margin strength through scarcity and exclusivity; personalization options and low-volume strategy remain key to Ferrari’s profitability and client retention. (ferrari.scene7.com)

Frequently Asked Questions

What was Ferrari's adjusted EBITDA in Q3?
Ferrari's adjusted EBITDA rose 12% to €753 million in the third quarter, beating analyst estimates.
How did Ferrari's car shipments change in Q3?
Ferrari shipped 3,368 vehicles in Q3, 33 fewer than in the same period last year.
What contributed to Ferrari's Q3 earnings beat?
Higher-margin models, increased personalizations, and the popularity of the limited-edition F80 supercar contributed to the earnings beat.

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