At a glance
- How much? On 3 November 2026, Ferrari reported third-quarter revenues of €1,896 million, up 7%, or 10% at constant currency.
- The cars: 3,368 deliveries, 33 fewer than a year earlier, for a net profit of €431 million (+13%).
- The value: an EBIT margin of 29.7% and a personalisation rate above 21%.
- The Luce: the all-electric model is fully allocated for 2027, according to Ferrari.
- The 2026 target: revenues of about €7.65 billion, up from about €7.60 billion previously.
Ferrari is delivering slightly fewer cars and earning more. In the third quarter of 2026, model mix and personalisation drove growth, despite flat volumes and 105 fewer cars in China. The Maranello marque has raised its full-year targets again and describes an order book that reaches into 2028.
€1,896 million in revenues, 33 fewer cars
The accounts filed with the SEC, preliminary and unaudited, cover the quarter ended 30 September. Revenues rose from €1,766 million to €1,896 million. EBIT rose 12% to €563 million and net profit 13% to €431 million, or €2.44 per diluted share. Yet deliveries slipped from 3,401 to 3,368 cars. Over nine months, Ferrari delivered 10,170 cars, 318 fewer than a year earlier, for revenues of €5,682 million (+6%).
Ferrari points to a planned model change-over. The Amalfi and 296 Speciale are up, the 849 Testarossa is ramping up and its Spider version has started deliveries, while the Roma Spider, 296 GTS and SF90 XX family are phasing out. Hybrids accounted for 33% of the quarter’s deliveries.
F80 and personalisation lift the margin
The statement attributes the rise in EBIT to a favourable mix, supported mainly by the F80, and to higher personalisations. The analyst presentation puts numbers on the gap: €119 million from mix and price, against €8 million from volume. The EBIT margin rose from 28.4% to 29.7%, and EBIT grew 23% at constant currency, with the dollar and the yen weighing on the reported figure.
The same document gives a personalisation rate above 21%, without specifying the base. CEO Benedetto Vigna puts the 296 Speciale family in the lead. Range models made up 77% of deliveries, special series 22% and the supercar 1%. Compare with Porsche’s nine-month results.
China falls to 143 cars
The quarter shows only one real regional decline. EMEA took 1,487 cars (+38), the Americas 1,050 (+5) and the rest of Asia-Pacific 688 (+29). Mainland China, Hong Kong and Taiwan fell to 143 cars, from 248 a year earlier, or 4% of deliveries. Over nine months, this region went from 759 to 583 cars. The statement does not comment on this decline, and the presentation refers to healthy demand across all regions.
Luce: fully allocated for 2027
One line of the presentation is enough: the Luce is fully allocated for 2027. The document gives no figures for orders or deliveries, and its timeline shows 2026 as the first year of delivery. Unveiled in Rome on 25 May 2026 and designed with LoveFrom, the collective led by Jony Ive and Marc Newson, the car claims 1,040 PS and a range of more than 530 km. Its four doors and five seats are a first for the marque. More in our piece on the Luce launch.
40 million dollars for Chassis 0
The statement also cites the Monterey sale of Chassis 0, the first production Luce. Lot 345 at RM Sotheby’s reached 40,000,000 dollars, with no buyer’s premium, against an estimate of 1,100,000 dollars. The auction house and Ferrari both describe it as a record for a new car at auction. The proceeds go to The Ferrari Foundation for educational projects, and delivery is planned for the first quarter of 2027. Another recent auction result: the F50 in Las Vegas.
New York and Sketch Body, the lifestyle side
Sponsorship, commercial and brand revenues came to €220 million (+4%). Launched on 9 September, Sketch Body extends the Collectibles range: bonnets inspired by the 812 Competizione Tailor Made carry Flavio Manzoni’s sketch. Ferrari is also preparing to open its New York flagship, with no date in these documents.
A 2026 target raised to €7.65 billion
Ferrari now targets revenues of about €7.65 billion, adjusted EBITDA of at least €3.00 billion, up from €2.97 billion, and adjusted EBIT of at least €2.285 billion, up from €2.26 billion. The upgrade rests on stronger personalisations than expected, less adverse currency effects and the assumption of second place in Formula 1. It also depends on current visibility on the Middle East crisis.
“Our order book now reaches into 2028,” says Benedetto Vigna, who announces two more launches before the end of the year.
| Revenues | €1,896 million, +7% (+10% at constant currency) |
| EBIT | €563 million, 29.7% margin |
| EBITDA | €753 million, 39.7% margin |
| Net profit | €431 million, +13% |
| Industrial free cash flow | €567 million, +43% |
| Deliveries | 3,368 cars, 33 fewer |
| 2026 target | revenues of about €7.65 billion |
| Order book | into 2028 |
Information verified on 5 November 2026. Sources: Ferrari N.V., Form 6-K filed with the SEC, Ferrari results presentation of 3 November 2026, Ferrari statement of 25 May 2026, RM Sotheby’s.
