Ferrari Raises 2026 Financial Guidance as Third-Quarter Profit Beats Expectations

Shares of the Italian luxury automaker Ferrari rose more than 1% at the start of Wednesday's US trading session. The company raised its 2026 financial guidance and beat analysts' expectations for third-quarter profit.

Ferrari's adjusted earnings per share came in at €2.45, compared with analysts' expectations of €2.32. Revenue reached €1.9 billion, representing 10% year-over-year growth at constant currency and matching market forecasts.

The company's EBITDA stood at €753 million, exceeding analysts' expectations of €739.2 million. The EBITDA margin came in at 39.7%, versus the forecast 39.1%. Operating profit (EBIT) was €563 million, compared with an expected €547.3 million. The EBIT margin was 29.7%, in line with analysts' forecasts.

According to Ferrari CEO Benedetto Vigna, the company's financial growth is being driven by demand for unique products, innovation, and personalization options available to customers for their cars. Deliveries of the F80 supercar and the Ferrari 296 Speciale family of models have made a particularly significant contribution.

According to the company, its existing order book extends through 2028, and Ferrari plans to unveil two more new models before the end of the current year.

Under its updated guidance, Ferrari now expects adjusted earnings per share of at least €9.85 for 2026, up from its previous guidance of at least €9.68. The new figure falls slightly short of analysts' expectations of €9.86.

The company also raised its full-year revenue guidance to approximately €7.65 billion, up from the previous €7.60 billion. The updated estimate is close to the market's forecast of €7.64 billion.