Ferrari Raises 2026 Guidance on Nov 3, Q3 Deliveries Reach 3,368 Vehicles

On November 3 local time, Ferrari raised its 2026 performance guidance. In the third quarter of 2026, Ferrari's adjusted EBITDA rose 12% year-on-year to €753 million (approximately RMB 5.626 billion at current exchange rates), beating the analyst consensus of €739 million (approximately RMB 5.521 billion). Ferrari raised its 2026 adjusted EBITDA guidance from at least €2.97 billion (approximately RMB 22.189 billion) to at least €3 billion (approximately RMB 22.413 billion), while slightly lifting its full-year net revenue forecast and projecting free cash flow from industrial operations of up to €1.65 billion (approximately RMB 12.327 billion) for 2026. In the third quarter, Ferrari delivered 3,368 vehicles, down 33 units year-on-year. The limited-edition F80 supercar, priced at €3.6 million (approximately RMB 26.896 million), increased the share of high-value models in quarterly sales. Ferrari's order book currently extends to 2028, and the planned sales allocation for its first all-electric model, the Luce, is fully booked for 2027. Deliveries of the Luce will begin this quarter, with media and customer test drives planned for early 2027. Ferrari CEO Benedetto Vigna said the current order situation is healthy and that geopolitical tensions have not affected customer demand. Ferrari will also launch two new models in 2026. Following the earnings release, Ferrari's Milan-listed shares reversed earlier losses, rising 2.9% as of 15:10 GMT, after climbing as much as 4.7% intraday.