Third-quarter adjusted EBITDA rose 12% to €753 million, surpassing analyst consensus projections despite total vehicle shipments dipping slightly to 3,368 units. In response to these results, leadership increased the 2026 adjusted EBITDA outlook to at least €3 billion. Chief Executive Benedetto Vigna confirmed that customer demand remains resilient, supported by two more vehicle launches scheduled before the end of the year. Market sentiment reversed initial declines, pushing Milan-listed shares up 0.7% following the announcement.
Key points
Strong sales of the €3.6 million limited-edition F80 supercar significantly enriched the…: Strong sales of the €3.6 million limited-edition F80 supercar significantly enriched the company's product mix.
High levels of personalization requests and a second-place standing in the Formula 1 Cham…: High levels of personalization requests and a second-place standing in the Formula 1 Championship supported improved earnings targets.
Commercial visibility remains exceptionally long, with customer order books now officiall…: Commercial visibility remains exceptionally long, with customer order books now officially stretched into 2028.
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The Italian luxury sports car maker guided for its adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) to rise to at least €3 billion ($3.36 billion) in 2026, versus a previous forecast for a result of at least €2.97 billion.
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The company said the forecast upgrade was based on stronger-than-expected personalisations - hose touches customers request at extra cost to make their cars better suited to their individual tastes - ofter currency headwinds and Ferrari's current second place in the Formula 1 Championship.
"Our order book now reaches into 2028, and we still have two more launches to come this year," Chief Executive Benedetto Vigna said in a statement.
Milan-listed shares in the company turned positive after initially extending losses when results were published. By 1210 GMT they were up 0.7%.
CORE INCOME RISES 12% IN Q3, CAR SHIPMENTS KEEP FALLING
In the third quarter, Ferrari's adjusted EBITDA rose 12% to €753 million, topping a €739 million analyst consensus in a Reuters poll.
Sales of the €3.6 million limited-edition F80 supercar…
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