Ferrari (RACE) Earnings Date & Reports

Key Takeaways

• Third quarter net revenue rose 7% year over year to €1.896 billion, and 10% at constant currency, despite foreign-exchange headwinds from the U.S. dollar and Japanese yen.
• Diluted earnings per share (EPS) climbed 14% to €2.44, up from €2.14 a year earlier, while net profit grew 13% to €431 million.
• EBIT (earnings before interest and taxes, a measure of operating profit) rose 12% to €563 million, with an improved EBIT margin of 29.7%.
• Ferrari raised its full-year 2026 guidance, now expecting net revenue of around €7.65 billion and adjusted diluted EPS of at least €9.85.
• Personalizations surpassed 21% of revenues from cars and spare parts, and the order book now extends into 2028.
• For more context on the company, you can explore its Major News, review Today's Price Move, check Price Targets, and study the Forecast on dedicated pages.
• To spot similar opportunities, you can also explore Trending AI Robots, which surface AI-driven trading ideas across the market.

Earnings Context and Why It Matters

Ferrari's third quarter is closely watched because the luxury automaker's results serve as a barometer for high-end consumer demand and pricing power in a challenging global auto environment. Ferrari has consistently delivered profit growth even as volume growth remains deliberately restrained, relying instead on a richer product mix and personalization revenue. This quarter arrived amid an ongoing model changeover, currency volatility, and softer conditions in mainland China, Hong Kong, and Taiwan. For investors, the report offers a key read on whether Ferrari can sustain its premium margins while managing product transitions and geographic headwinds—factors that directly shape the stock's long-term valuation.

Reported Results

Ferrari reported third quarter 2026 net revenue of €1.896 billion, up 7% from €1.766 billion a year earlier, or roughly 10% at constant currency. Net profit attributable to owners of the company reached €431 million, up 13%, with diluted EPS of €2.44 versus €2.14 in the prior-year period.

Operating profit (EBIT) increased 12% to €563 million, and the EBIT margin improved to 29.7% from 28.4%. EBITDA (earnings before interest, taxes, depreciation, and amortization) rose 12% to €753 million, with a margin of 39.7%, up from 37.9%. Industrial free cash flow jumped 43% to €567 million.

Shipments totaled 3,368 units, slightly below the 3,401 delivered a year earlier, reflecting a deliberately planned model changeover. Personalizations surpassed 21% of revenues from cars and spare parts, while the F80, 849 Testarossa, and 12Cilindri families contributed positively to the product mix. Citing stronger personalizations, a more favorable dollar-euro rate, and lower Formula 1 costs, Ferrari raised its full-year 2026 outlook.

AI Screener

Tickeron's AI Screener is an AI-powered stock and ETF (exchange-traded fund) discovery tool designed to help traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener helps identify trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. Whether you are evaluating a name like Ferrari or searching for new setups, the AI Screener can help streamline your research process.

Market Reaction and Investor Sentiment

Investor sentiment heading into the release was largely positive, given Ferrari's track record of beating consensus estimates. According to Investing.com, reported EPS of $2.78 topped the $2.32 estimate, while revenue of $2.15 billion exceeded the $1.90 billion expectation. The raised full-year guidance reinforced the strength of the underlying business.

Despite the upbeat headline numbers, the shares showed a mixed intraday reaction. Reuters noted that the stock initially extended a decline, trading down roughly 4% at one point in the session, as some investors weighed softer mainland China shipments and the modest decline in total deliveries. The subdued volume and the deliberate pacing of the model changeover remained key points of focus for the market.

Forward Outlook and Key Factors to Monitor

Ferrari enters the fourth quarter with upgraded expectations and improving visibility. Management now targets net revenue of around €7.65 billion, adjusted EBITDA of at least €3.00 billion with a margin of at least 39.2%, adjusted EBIT of at least €2.285 billion, and adjusted diluted EPS of at least €9.85. Industrial free cash flow is expected to reach up to €1.65 billion.

Several catalysts are worth monitoring. First, personalization trends remain a core profit driver, with special-version deliveries concentrated in the fourth quarter. Second, the model changeover continues, with the 849 Testarossa Spider and the Amalfi ramping up while the 296 GTS, Roma Spider, and SF90 XX wind down.

Currency remains a two-sided factor: the dollar-euro spot rate is improving, but prior-year hedges still create a negative variance. Investors should also track mainland China demand, where shipments fell sharply on a mix of allocation discipline and softer market conditions. Finally, the order book now extends into 2028, providing strong demand visibility even as Ferrari carefully manages volume to protect brand exclusivity and pricing power.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations