Ferrari (RACE) Q3 2026 Earnings Review: Higher-value cars lift profit and the outlook
Earnings results
- EPS beat 1.7%
Actual: €2.44 diluted · Cons.: €2.40
- Revenue beat 0.3%
Actual: €1.896B · Cons.: €1.890B
- Guidance raised
2026 adjusted EPS at least €9.85 vs €9.68; revenue ~€7.65B vs ~€7.60B.
What the company reported
Ferrari’s higher-value cars and customer personalization lifted profit faster than revenue, supporting another increase to its 2026 outlook. The issuer reported F80 deliveries and personalization supporting the mix, with revenue and profit outlooks raised.
Q3 2026 earnings recap
Ferrari’s higher-value cars and customer personalization lifted profit faster than revenue, supporting another increase to its 2026 outlook.
- Diluted profit per share of €2.44 beat the €2.40 consensus, while revenue of €1.896 billion slightly exceeded the €1.890 billion forecast.
- Revenue rose 7% despite slightly fewer deliveries, and operating margin reached 29.7% as the mix of cars sold became more profitable.
- Ferrari raised its 2026 revenue outlook to about €7.65 billion from €7.60 billion and adjusted profit per share to at least €9.85 from €9.68.
- Industrial free cash flow rose 43% to €567 million, while orders now extend into 2028.
- The November 2 close values shares at roughly 38 times trailing profit, leaving limited room for weaker demand or costly model launches.
- NYSE shares traded 3.7% above the previous close before open on November 3, making a sustained break above the recent $403–405 highs worth watching.
The next test is converting the order book into profitable deliveries while protecting margins from currency swings and new-model costs.
Financials, technicals and earnings
Charts through Nov 2, 2026.
Technical setup and risks
The November 2 close tested recent $403–405 highs after rebounding from $389–395 support; a sustained regular-session breakout would strengthen the recovery.
AI-assisted earnings research with verified issuer results. Charts use the stated completed session. Educational information; investing involves risk.