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Ferrari raises its 2026 targets after Q3 beats expectations
On 3 November 2026, Ferrari published third-quarter results above forecasts and raised its annual targets. The carmaker nonetheless sold fewer cars, and the shares fell in early trading, according to Zonebourse Suisse.
By Yvan T., published
The facts
On 3 November 2026, Ferrari presented its third-quarter results. According to Investing.com France, they exceeded forecasts and the group raised its targets for 2026. Zonebourse confirmed that the quarter was better than expected, specifying that the increase in the annual targets was slight.
Volumes fell. ABC Bourse reported that Ferrari had delivered fewer cars, while its profits had risen sharply. The available excerpts give neither the number of vehicles, nor the level of profits, nor the new target ranges.
The market did not greet the release with enthusiasm. According to Zonebourse Suisse, at 13:04 on 3 November, the shares were falling despite the raised guidance. The sources consulted do not give the size of the decline or the close of the session.
Our take
What follows is my reading, not a reported fact. I only had headlines and article summaries, with no figures. This greatly limits the analysis: I cannot measure the gap with consensus, nor the margin or the average price per car.
The contrast between fewer cars and sharply higher profits suggests that pricing or the sales mix played a role. This is a hypothesis, which the sources do not allow me to verify. The fall in the shares despite a solid quarter may be explained by expectations that were already high and by a raise seen as too timid. Again, this is an interpretation, not an established fact.
Without figures, I am not forming a firm opinion on the shares. The quarter looks solid, but the market reaction and the caution of the raise call for details that are missing here.
Risks to watch
The information available consists of headlines without figures: a detailed reading of the press release could change the assessment. The drop in volumes could weigh if it continued without being offset by prices. The shares' reaction on 3 November says nothing about their trend beyond that session.
Sources
- Ferrari dépasse les prévisions du T3 2026 et relève ses objectifs
- Ferrari vend moins de voitures mais ses bénéfices bondissent
- Ferrari relève légèrement ses objectifs annuels après un T3 supérieur aux attentes
- Ferrari relève ses prévisions pour 2026 après ses résultats trimestriels, mais le titre décroche
Information from these sources is summarised and rewritten. It has not been independently verified beyond cross-checking between sources; where the reliability of a piece of information is in doubt, the article says so.
Transparency
- AuthorTo be completed, Founder and author of the site, private investor.
- Conflicts of interestOn the publication date, holds no position in Ferrari. The site receives no payment from the companies it covers. The author refrains from any transaction in a stock covered 24 hours before and 48 hours after publication.
- MethodCompilation of public information dated November 3, 2026 (sources listed above). The facts reported are kept separate from the analysis, which expresses the author's view. Full methodology.
- Artificial intelligenceText written with an artificial intelligence tool from the sources cited and published automatically, without prior human review.
- History
General information, not personalised investment advice: this article does not take your situation into account. Investing in shares carries a risk of capital loss. Past performance is not a reliable indicator of future performance. Read the full risk warning.