The automaker slightly outpaced third-quarter financial forecasts by reporting 2.44 euros in adjusted earnings per share on 1.9 billion euros of revenue. Strong pricing power through vehicle personalizations offset a 318-unit drop in nine-month shipments caused by slumping demand in the Americas and Greater China. Management indicated that order backlogs now extend into 2028, supported by two upcoming vehicle launches scheduled for later this year. Initial equity market declines reversed after analysts clarified that the conservative guidance increase still supports solid multi-year fundamentals.
Key points
Extensive vehicle personalizations and racing success continue to sustain earnings growth…: Extensive vehicle personalizations and racing success continue to sustain earnings growth even as overall delivery volumes experience contraction.
Production capacity is effectively committed for the coming years with customer order bac…: Production capacity is effectively committed for the coming years with customer order backlogs officially extending into 2028.
Wall Street's brief initial selloff was driven by elevated investor expectations for a mo…: Wall Street's brief initial selloff was driven by elevated investor expectations for a more aggressive guidance upgrade.
Sources checked by our analysis pipeline: 1
Ferrari on Tuesday raised its 2026 guidance after the sports car maker slightly beat Wall Street's third-quarter expectations.
Here's how Ferrari performed in the third quarter compared with average estimates compiled by LSEG:
- Earnings per share: 2.44 euros ($2.77) adjusted vs. 2.37 euros expected
- Revenue: 1.9 billion euros vs. 1.89 billion euros expected
Ferrari raised its guidance to revenue of 7.65 billion euros, up from 7.6 billion euros; adjusted earnings before interest, taxes, depreciation and amortization to 3 billion euros, up from 2.97 billion euros; and adjusted EPS to at least 9.85 euros, up from at least 9.68 euros.
The automaker also upgraded its expectations for industrial free cash flow to up to 1.65 billion euros, up from previous expectations for at least 1.55 billion euros.
This is the second consecutive quarter Ferrari has raised its 2026 guidance, despite vehicle shipments being lower by 318 units through the first nine months of the year, at 10,170 vehicles, compared with last year. The decline is led by fewer shipments to the Americas and China, Hong Kong and Taiwan.
The legal battle reflects escalating internal conflict between the Dutch semiconductor manufacturer and its controlling Chinese shareholder. Accusing leadership of detrimental conduct, the firm is seeking formal financial restitution for harm inflicted on its ongoing commercial operations. The dispute now moves to European jurisdiction for judicial resolution.
The Indian automotive group has finalized a massive multibillion-euro buyout in Europe, securing a controlling stake that integrates extensive manufacturing networks across multiple continents. This consolidation drastically scales global operations and creates an automotive powerhouse generating combined revenues of roughly 21 billion euros. It represents the conglomerate's most significant cross-border purchase since acquiring British luxury brands over a decade ago.
Strong financial execution allowed the energy company to exceed Wall Street projections for the recent quarter. Alongside the operational outperformance, management decided to offload a pair of refining assets directly to CVR Energy to rebalance its portfolio. The combined maneuvers underscore an active push to streamline operations while capitalizing on positive momentum.