Ferrari raises full-year forecasts after beating third quarter estimates
The Italian luxury sports car maker increased its earnings outlook following stronger than expected sales of high-margin vehicles and personalisations.
Ferrari raised its financial forecasts for the current year on Tuesday after reporting third-quarter core profit and revenue that exceeded analyst expectations, according to the Economic Times.
The company increased its guidance for adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) to a minimum of €3 billion ($3.36 billion) for 2026, up from the previous estimate of at least €2.97 billion.
During the July-September period, Ferrari's adjusted EBITDA grew by 12 per cent to €753 million, which was higher than the €739 million consensus predicted in a Reuters poll.
The company attributed the forecast upgrade to stronger demand for vehicle personalisations, currency headwinds, and its current second-place position in the Formula 1 Championship.
While overall car shipments fell to 3,368 vehicles in the third quarter—33 fewer than the same period last year—sales of the €3.6 million limited-edition F80 supercar improved the product mix.
Chief Executive Benedetto Vigna stated that the company's order book now extends into 2028 and noted that two more launches are expected this year.