Ferrari stock gains support from richer mix and higher guidance

Published on 11/12/2026 at 17:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ferrari stock is supported by richer models and stronger personalizations. Management raised 2026 guidance again.

Ferrari strengthens its profit outlook

Third-quarter profitability benefited from a richer model mix and higher customer personalizations.
The order book extends into 2028, while new model launches remain scheduled.
Ferrari's guidance upgrade reflects stronger execution and continued demand for higher-value vehicles.

Ferrari, NL0011585146, Illustration mit AI erstellt.

Ferrari reported stronger third-quarter profitability on November 3, 2026, as a richer sports-car mix and higher customer personalizations lifted earnings. The company also raised its full-year outlook, extending a pattern of stronger profit generation despite a planned model changeover.

According to Ferrari's financial release, third-quarter deliveries reached 3,368 vehicles. The Amalfi, 296 Speciale, 12Cilindri Spider and Purosangue increased, while the 849 Testarossa and 296 Speciale Aperta continued their ramp-up. The F80 also contributed to the richer product mix.

Richer mix lifts quarterly margins

Third-quarter revenue rose 7 percent year over year to 1,896 million euros, while EBIT increased 12 percent to 563 million euros. The EBIT margin reached 29.7 percent, and EBITDA rose 12 percent to 753 million euros, producing a 39.7 percent margin. Net profit increased to 431 million euros from 381 million euros a year earlier, while diluted earnings per share rose to 2.44 euros from 2.14 euros.

Industrial free cash flow reached 567 million euros. Ferrari attributed the operating improvement mainly to product mix, including the F80, and higher personalizations. The company said its order book now extends into 2028 and that two further launches were planned for the remainder of the year.

Guidance points to sustained demand

Ferrari now expects 2026 revenue of approximately 7.65 billion euros, adjusted EBITDA of at least 3 billion euros and adjusted diluted earnings per share of at least 9.85 euros. Industrial free cash flow is expected to reach up to 1.65 billion euros. The company cited personalization demand, special-version mix, currency assumptions and lower Formula 1 costs among the updated planning factors.

Ferrari stock traded at 368.88 euros on Lang & Schwarz at 17:42 CET on Thursday, November 12, 2026.