Ferrari Raises 2026 Guidance Following Third-Quarter Earnings Beat
Ferrari (RACE) has raised its financial guidance for 2026 following third-quarter results that exceeded Wall Street expectations. Despite a slight decline in vehicle shipments—10,170 units through the first nine months compared to the previous year—the company reported adjusted earnings per share of 2.44 euros and revenue of 1.9 billion euros, both surpassing analyst estimates. The upward revisions are driven by increased customer personalization, favorable currency headwinds, and momentum from its Formula 1 championship position. Management noted that the order book now extends into 2028, providing significant long-term visibility despite lower shipment volumes in China and the Americas.
Tickers: $RACE
Topics: automotive industry earnings beat guidance raise revenue growth
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