Ferrari raises full-year guidance as Q3 profits jump 12%

3rd Nov 2026 14:00

(Sharecast News) - Luxury sports car maker Ferrari raised its full-year earnings and revenue forecasts on Tuesday following double-digit profit growth in the third quarter, supported by stronger vehicle personalisation revenues and deliveries of higher-value models.

The Italian group now expects adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of at least €3bn in 2026, up from its previous forecast of €2.97bn, with the EBITDA margin expected to reach at least 39.2%, compared with 39% previously.

Revenue guidance was increased to approximately €7.65bn from €7.6bn, while adjusted operating profit is now forecast to reach at least €2.285bn, up from €2.26bn.

The company attributed the upgrades to stronger-than-expected demand for vehicle personalisations, a smaller currency impact than previously anticipated and its second-place standing in the Formula 1 championship.

The improved outlook followed a 7% increase in third-quarter revenues to €1.90bn from €1.77bn a year earlier, or 10% growth at constant exchange rates. EBITDA rose 12% to €753m from €670m, lifting the margin to 39.7% from 37.9%, while operating profit increased 12% to €563m.

The improved performance came despite a slight decline in vehicle deliveries to 3,368 from 3,401 a year earlier, reflecting planned changes to Ferrari's model line-up.

Growth was supported by a richer product mix, particularly deliveries of the limited-edition F80 supercar, alongside stronger demand for personalisation options, including those offered on the Ferrari 296 Speciale family, the company said.

Chief executive Benedetto Vigna said: "Deliveries of our F80 supercar and personalisations, led by the Ferrari 296 Speciale family, support our robust financial growth and reflect our clients' ever-deepening desire to make each Ferrari uniquely their own."

He added: "Our order book now reaches into 2028, and we still have two more launches to come this year."

The stock was around 3% higher at €369.65 by 1600 GMT.