Ferrari Raises Full-Year Financial Guidance

Ferrari raised its full-year forecasts on Tuesday after delivering third-quarter revenue and core profit above analyst consensus. The results prompted shares in the Italian luxury sports car manufacturer to rise as much as 4.7%.

The company now expects adjusted EBITDA of at least €3 billion for the full year, reflecting its stronger-than-anticipated performance during the quarter.

Adjusted EBITDA increased 12% in the third quarter, exceeding analyst expectations and providing support for the revised outlook.

Higher-Margin Vehicles Support Performance

Ferrari’s quarterly performance benefited from sales of higher-margin vehicles and contributions from the finishing touches offered to customers.

These additional features and customization-related services contributed to the company’s results, highlighting the importance of premium vehicle offerings and customer personalization to its business model.

Ferrari’s order book now extends into 2028, indicating continued demand for its vehicles across upcoming delivery periods.

Luce Electric Vehicle Sales Fully Allocated for 2027

Demand for Ferrari’s first fully electric model, the Luce, has also emerged as a significant development for the company.

Ferrari said all planned sales of the Luce for 2027 have already been allocated. The update points to strong early demand for the company’s entry into the fully electric luxury sports car market.

The allocation of planned 2027 sales, alongside an order book extending into 2028, provides an indication of customer demand ahead of the model’s broader market introduction.

Vehicle Shipments Decline in the Third Quarter

Despite the stronger financial performance, Ferrari’s vehicle shipments declined during the quarter.

The company shipped 3,368 vehicles in the third quarter. The available report did not provide a year-over-year comparison for the shipment figure.

The combination of lower shipment volume and higher earnings reflects the contribution of vehicle mix and higher-margin offerings to the company’s reported performance.

What Investors Should Watch Next

Investors will be monitoring Ferrari’s ability to sustain its earnings performance, maintain demand across its premium vehicle range and execute its electric vehicle strategy.

The company’s revised adjusted EBITDA outlook, order book extending into 2028 and fully allocated 2027 Luce sales provide key indicators for assessing its near-term business momentum. Future updates on shipments and demand for the electric model will remain important points of attention.