Ferrari Lifts Full-Year 2026 Financial Outlook on Customization Demand

Original summary · What happened

Ferrari raised its full-year 2026 financial guidance after posting third-quarter operating metrics that surpassed Wall Street projections. The luxury automaker elevated its revenue target to 7.65 billion euros from 7.60 billion euros, while adjusting projected earnings before interest, taxes, depreciation, and amortization up to 3 billion euros. Expected industrial free cash flow was lifted to as much as 1.65 billion euros, alongside higher adjusted earnings per share targets of at least 9.85 euros.

This marks the second consecutive quarter in which the manufacturer upgraded annual targets, driven by strong client personalization intake, reduced foreign exchange headwinds, and a second-place standing in the Formula 1 championship. Operational performance overcame lower total vehicle volume, with deliveries dropping by 318 units to 10,170 through the first nine months due to reduced shipments into the Americas and Greater China. Management indicated its forward customer order pipeline extends into 2028.