Ferrari Lifts Guidance Again on Strong Demand for Car Customizations — Update

By Dominic Chopping

Ferrari again lifted its full-year guidance slightly as demand for car customizations remained strong and deliveries of newer models ramped up in the third quarter.

The Italian luxury sports-car maker said Tuesday that it expects revenue of around 7.65 billion euros ($8.56 billion) this year, up from a previous estimate of around 7.6 billion euros. It forecasts adjusted earnings before interest and taxes of at least 2.29 billion euros, up from at least 2.26 billion euros previously.

It also expects an adjusted EBIT margin of at least 29.8% from at least 29.5%. Targets for adjusted earnings before interest, taxes, depreciation and amortization, Ebitda margin, earnings per share and industrial free cash flow were also raised slightly.

The company said it benefits from stronger personalizations than initially expected, lower currency headwinds and newer, more profitable models. It also lifted expectations in July.

"Deliveries of our F80 supercar and personalizations, led by the Ferrari 296 Speciale family, support our robust financial growth," Chief Executive Benedetto Vigna said. "Our order book now reaches into 2028, and we still have two more launches to come this year."

It shipped 3,368 vehicles to customers in the quarter, 33 fewer than a year earlier, as it continued to work through its model changeover plans. A FactSet poll had expected deliveries of 3,332 cars.

Deliveries of its Amalfi, 296 Speciale, 12Cilindri Spider and Purosangue increased, while the 849 Testarossa and 296 Speciale Aperta continued to ramp up and the 849 Testarossa Spider started deliveries. Shipments of Ferrari's F80 supercar progressed in line with plans, it said.

Meanwhile, the Roma Spider, 296 GTS and SF90 XX family of cars were phased out, it added.

In Ferrari's largest regional market--Europe, the Middle East and Africa--shipments rose by 38 vehicles, while the Americas saw an increase of 5 vehicles and its rest-of-Asia-Pacific region saw a 29-unit increase. Shipments to Mainland China, Hong Kong and Taiwan dropped by 105 units.

It reported EBIT of 563 million euros in the third quarter, up from 503 million euros in the same quarter last year, resulting in a margin of 29.7%, due mainly to the higher personalizations and deliveries of the more profitable F80.

Revenue rose 7.4% to 1.9 billion euros.

A FactSet analyst poll had forecast EBIT of 547 million euros on revenue of 1.9 billion euros.

Shares were 2.5% higher in afternoon trade in Europe.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

November 03, 2026 08:21 ET (13:21 GMT)