Ferrari raises 2026 guidance after Q3 beat

Ferrari raised its 2026 guidance on Tuesday after the sports car maker slightly beat Wall Street's third-quarter expectations, CNBC reports. It now targets revenue of 7.65 billion euros, up from 7.6 billion, adjusted EBITDA of 3 billion euros, up from 2.97 billion, and adjusted earnings per share of at least 9.85 euros, up from 9.68. It also expects industrial free cash flow of up to 1.65 billion euros. It is the second consecutive quarter Ferrari has raised its 2026 guidance, even though shipments in the first nine months fell by 318 cars to 10,170 compared with last year. Fewer cars, more money: the Maranello formula keeps working for its shareholders.