Ferrari Q3 2026: Fewer Cars Sold, Bigger Beat Than Expected
As seen on the 24/7 Wall St. homepage on November 3, 2026.
Ferrari shipped fewer cars than a year ago and still came in above expectations, because F80 deliveries and client personalizations lifted revenue per car. Full-year guidance went up again, and the order book now stretches into 2028.
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Ferrari posted $2.12 billion in third-quarter revenue, beating expectations even as deliveries dipped to 3,368 units from 3,401 a year earlier. The F80 ramp-up and a surge in client personalizations, led by the 296 Speciale family, lifted revenue per car.
Adjusted EPS of $2.73 beat expectations, Ferrari's sixth straight quarter of topping EPS estimates. Dollar and yen headwinds aside, constant-currency revenue growth reached 10%.
Management raised full-year 2026 guidance for the second time, now targeting net revenues of approximately $8.56 billion. CEO Benedetto Vigna tied the upgrade to stronger-than-expected personalizations and moderating foreign-exchange pressure net of hedges.
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Vigna confirmed the order book stretches into 2028 and two more product launches are planned before year-end. Operating cash flow rose 25% year over year, funding the continued share buyback program.
Shipments to Mainland China, Hong Kong, and Taiwan fell to 143 units from 248 a year ago. Keep an eye on the stock as the final two 2026 model launches arrive.
Mentioned: RACE