Ferrari stock raises 2026 targets after Q3 margin gains

Ferrari raised its 2026 targets after reporting stronger third-quarter profitability on Tuesday, November 3, 2026. The update adds a fresh operating signal after the company had already been under scrutiny for deliveries, margins and model transitions.

Ferrari's official Q3 results release reported net revenue of 1,896 million euros, up 7 percent from the prior-year quarter and 10 percent at constant currency. Operating profit rose 12 percent to 563 million euros, with the margin reaching 29.7 percent. EBITDA increased 12 percent to 753 million euros, while net profit reached 431 million euros.

Mix and personalizations support margins

Cars and spare-parts revenue rose 7 percent to 1,586 million euros. Ferrari said a richer sports-car mix and stronger customer personalizations supported profitability as the company continued a planned model changeover. Deliveries totaled 3,368 vehicles in the quarter, 33 fewer than a year earlier.

The company raised its 2026 revenue target to approximately 7.65 billion euros from approximately 7.60 billion euros. Adjusted EBITDA is now expected to reach at least 3.00 billion euros, adjusted EBIT at least 2.285 billion euros and adjusted diluted earnings per share at least 9.85 euros. Industrial free cash flow is forecast at up to 1.65 billion euros.

Order book extends into 2028

Chief Executive Benedetto Vigna said the order book reaches into 2028 and that two further launches remain planned for 2026. Ferrari cited stronger-than-expected personalizations, lower currency headwinds after hedging and its second-place Formula 1 standing as assumptions behind the upgraded targets.

Ferrari stock traded at 383.13 euros on Lang & Schwarz at 17:40 CET on Wednesday, November 4, 2026. That was 3.81 percent above the 369.08-euro quote in the latest relevant own report at 11:46 CET the same day.

Investors can follow the real-time quote of Ferrari stock as the market weighs higher targets against delivery trends and the ongoing model changeover.

Italian equities remain in focus through the FTSE MIB market backdrop.

More news and analyses on Ferrari stock will track demand, model launches and the company's upgraded 2026 targets.