Ferrari stock gains as Q3 margins lift 2026 outlook
Published on 11/09/2026 at 12:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSFerrari lifts earnings outlook
- Third-quarter revenue rose 7 percent to 1.896 billion euros, while adjusted EBITDA increased 12 percent to 753 million euros.
- Ferrari raised its 2026 revenue guidance to 7.65 billion euros and its adjusted EBITDA target to at least 3 billion euros.
- Management said the order book extends into 2028, supported by richer vehicle mix and stronger customer personalizations.
Ferrari raised its 2026 financial outlook on November 3 after reporting stronger third-quarter profitability. In its Q3 2026 results, the company said higher-margin vehicle mix and customer personalizations supported growth despite a planned model changeover.
Ferrari stock traded at 373.73 euros on Lang & Schwarz at 12:18 CET on Monday, November 9, 2026. Investors can follow the real-time quote of Ferrari stock.
Margins and guidance move higher
Ferrari reported third-quarter net revenue of 1.896 billion euros, up 7 percent year over year and 10 percent at constant currency. Revenue from cars and spare parts rose 7 percent to 1.586 billion euros, with the company pointing to a richer sports-car mix and increased personalizations.
Operating profit rose 12 percent to 563 million euros, producing an operating margin of 29.7 percent. EBITDA also increased 12 percent to 753 million euros, with a margin of 39.7 percent. Net profit reached 431 million euros, while diluted earnings per share rose to 2.44 euros from 2.14 euros in the year-earlier quarter.
Industrial free cash flow came to 567 million euros in the quarter, supported by profitability and working capital. Ferrari said net industrial cash stood at 219 million euros at September 30, compared with net industrial debt of 131 million euros at June 30. Share repurchases of 173 million euros were part of the period's cash movements.
Personalization remains a profit lever
Ferrari delivered 3,368 vehicles in the quarter as it continued its model changeover. Deliveries of the Amalfi, 296 Speciale, 12Cilindri Spider and Purosangue increased, while the 849 Testarossa and 296 Speciale Aperta moved through their ramp-up phase. The F80 also supported the product mix.
Management said the stronger guidance reflects better-than-expected personalizations, lower currency headwinds after hedging and Ferrari's second-place position in the Formula 1 championship. Chief Executive Benedetto Vigna said the order book reaches into 2028 and that two further launches were still planned for 2026.
2026 targets rise modestly
Ferrari now expects 2026 net revenue of about 7.65 billion euros, compared with about 7.60 billion euros previously. Adjusted EBITDA is expected to reach at least 3 billion euros, up from at least 2.97 billion euros, while adjusted EBIT is guided at least 2.285 billion euros against a prior floor of 2.26 billion euros.
The company also lifted its adjusted diluted earnings-per-share target to at least 9.85 euros from at least 9.68 euros. Industrial free cash flow is now expected to reach up to 1.65 billion euros, compared with a previous target of at least 1.55 billion euros. For investors, the upgrade reinforces Ferrari's ability to expand earnings through pricing, customization and mix even while shipment volumes are shaped by model transitions.
Broader market sentiment remains relevant for European luxury and automotive shares; see the latest Euro Stoxx 50 market coverage.
More earnings updates and company developments are available in more news and analyses on Ferrari stock.
Ferrari company profile
- Company: Ferrari N.V.
- ISIN: NL0011585146
- Ticker: RACE
- Trading venues: NYSE and Euronext Milan
- Lang & Schwarz quote: 373.73 euros on November 9, 2026 at 12:18 CET
- Third-quarter revenue: 1.896 billion euros
- 2026 revenue guidance: About 7.65 billion euros
