Ferrari raised its full-year 2026 financial guidance on Tuesday following a third-quarter performance that surpassed Wall Street expectations. The luxury automaker reported adjusted earnings per share and revenue figures that topped analyst forecasts, driven by high demand for product personalization and a favorable model mix.
This latest financial update marks the second consecutive quarter that the company has increased its annual outlook. Despite a dip in total vehicle shipments, Ferrari’s focus on high-specification models and client customization has allowed the company to maintain strong revenue growth.
Ferrari Raises Full-Year Guidance After Beating Third-Quarter Estimates
For the third quarter, Ferrari posted adjusted earnings per share that exceeded consensus estimates. The company’s revenue also outperformed expectations, reaching figures that underscored robust demand despite variations in reporting across different market analyses. As a result of these gains, Ferrari revised its full-year 2026 guidance upward, now projecting higher targets for net revenue and adjusted earnings per share.
The company also improved its forecast for industrial free cash flow, raising the expected target to as much as 1.65 billion euros. These adjustments are supported by several factors, including a reduction in currency headwinds and the brand’s performance in the Formula 1 championship.
Vehicle Shipments Decline While High-Specification Models Lift Revenue
While the company’s financial metrics improved, total vehicle deliveries saw a slight decline compared to the previous year. Through the first nine months of 2026, shipments reached 10,170 vehicles, a decrease of 318 units primarily attributed to lower volumes in the Americas, China, Hong Kong, and Taiwan. However, the ramp-up of high-specification vehicles, such as the F80 supercar, has successfully offset lower volume by lifting revenue per car.
Looking ahead, the company maintains a strong backlog of demand. Our order book now reaches into 2028, and we still have two more launches to come this year,
said Ferrari CEO Benedetto Vigna. In addition, we continue to create engaging events around the world to further tighten the bonds with our clients and partners across Racing, Sports Cars and Lifestyle.
