Ferrari slightly exceeded Wall Street expectations in the third quarter, reporting adjusted earnings per share of 2.44 euros versus 2.37 euros expected and revenue of 1.90 billion euros versus 1.89 billion euros expected. The sports car maker raised its 2026 guidance to revenue of 7.65 billion euros, adjusted operating profit of 3 billion euros and adjusted earnings per share of at least 9.85 euros. It also increased its industrial free cash flow target to up to 1.65 billion euros. The improvement was driven by stronger-than-expected customer personalisations, less adverse currency effects and a second-place finish in the Formula 1 championship, even as vehicle shipments fell by 318 units during the first nine months of the year. Ferrari shares initially declined before rising by roughly 2% during premarket trading.
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