Skip to Main Content Skip to Search This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Ferrari Stock Pops After Earnings Beat. Here's the Good News for Investors. By George Glover Updated Nov 04, 2025, 9:48 am EST / Original Nov 04, 2025, 7:05 am EST Share Resize Reprints I ...

Core Insights - Ferrari is shifting its focus towards the 2026 season, acknowledging a performance gap with McLaren while still aiming for a strong finish in the current season [1][3] - The team is prioritizing the development of a new car in response to significant regulatory changes set for 2026, including a 30 kg weight reduction and a 300% power increase from hybrid systems [3][4] - The experience of Lewis Hamilton and the growth of Charles Leclerc are seen as critical factors for Ferrari's potential resurgence [1][4] Group 1: Strategic Focus - Ferrari's performance this season has been lackluster, with the SF-25 car lagging behind McLaren in aerodynamic efficiency and power stability, leading to a strategic pivot towards 2026 [3] - Team principal Vasseur has indicated that the 2026 season will require a complete overhaul of the car, emphasizing the need to start from scratch due to new tire, fuel, engine, and chassis regulations [3][4] Group 2: Driver Contributions - Hamilton has provided valuable feedback on key issues such as steering stability and braking response, which has led to improvements in the team's development processes [4] - Leclerc's consistent performance has solidified his position as a key asset for Ferrari, and his recent personal milestones are viewed as indicators of his maturity and potential to lead the team [4][5] Group 3: Development Progress - The design phase for the 2026 car is currently underway, with the team planning to integrate the experiences of both drivers to create a more universally competitive vehicle [5] - Ferrari is leveraging the dual advantages of driver experience and personal growth to prepare for a strong comeback amid the upcoming technical changes [5]

Core Insights - Ferrari has reduced price increases on certain models in the U.S. to a maximum of 5% due to a deal that lowers the import tariff on European products [1] Group 1 - The price increase cap of 5% applies to specific models sold in the U.S. market [1] - The decision to trim price increases is linked to a new agreement regarding import tariffs [1]

Q3 2025 Financial Highlights - Revenues reached approximately €1.8 billion, with an adjusted EBIT of around €500 million, resulting in a 28.4% margin[6] - Industrial free cash flow generation was robust at €365 million[6] - Net revenues increased by 7.4% compared to Q3 2024[17] - Diluted earnings per share increased by 2.9% to €2.14[19] - EBITDA increased by 5.0% to €670 million[15] Shipments and Regional Performance - Total shipments were substantially flat, increasing by 0.5% from 3,383 units in Q3 2024 to 3,401 units in Q3 2025[11, 17] - EMEA region shipments increased by 23 units, representing 43% of total shipments[26] - Shipments to Mainland China, Hong Kong, and Taiwan decreased by 33 units[26] - Americas shipments decreased by 25 units, accounting for 31% of total shipments[26] 2025 Guidance Revision - The company revised its 2025 guidance upward, now expecting net revenues of ≥€7.1 billion, compared to the previous guidance of >€7.0 billion[39] - Adjusted EBITDA is now projected to be ≥€2.72 billion, maintaining a margin of ≥38.3%[39] - Adjusted EBIT is expected to be ≥€2.06 billion, with a margin of ≥29.0%[39] - Adjusted diluted EPS is projected to be ≥€8.80[39] - Industrial free cash flow is expected to be ≥€1.30 billion[39]

Core Insights - Ferrari delivered more vehicles than expected, indicating strong performance despite regional weaknesses in the Americas and China [1] Summary by Category Vehicle Deliveries - The company achieved higher vehicle shipments than anticipated, which suggests effective management and demand in other markets [1] Regional Performance - Weakness in vehicle sales was noted in the Americas and China, but this was offset by increased shipments in other regions, highlighting a diversified market strategy [1]

Core Viewpoint - The Italian supercar maker is attempting to generate excitement following an electric vehicle launch that did not meet expectations [1] Group 1 - The company is focusing on enhancing its brand image and consumer interest after a lackluster electric vehicle reveal [1]

Ferrari reported robust third-quarter earnings as higher prices and demand for customized cars helped the luxury carmaker defy concerns around US tariffs and weaker China sales https://t.co/hIjhd1ZjfF ...

Core Insights - Ferrari reported stronger-than-expected third-quarter profit with net revenues increasing over 7% year-on-year [1] - The company posted a net profit of 382 million euros ($439.5 million) for the July-September period, reflecting a nearly 2% increase from the previous year [2] - Analysts had anticipated a net profit of 367.33 million euros, indicating Ferrari exceeded expectations [2] Financial Performance - Net revenues rose more than 7% compared to the same period last year [1] - The net profit for the third quarter was 382 million euros, which is approximately 2% higher than the same quarter last year [2] - The profit exceeded analyst expectations, which were set at 367.33 million euros [2] Strategic Outlook - Ferrari's CEO, Benedetto Vigna, emphasized the company's strong visibility and conviction in its development path [2] - During the Capital Markets Day, Ferrari outlined a clear trajectory for sustainable growth towards 2030 [3] - Despite the positive financial results, the company faced a significant drop in share price following its 2030 guidance, which did not meet analyst expectations, resulting in a 15.4% decline on October 9 [3]

Core Insights - Ferrari reported a 5% increase in core earnings for the third quarter, surpassing expectations [1] - The growth in earnings is attributed to strong pricing power, bolstered by models such as the SF90 XX and 12Cilin [1] Financial Performance - The company's core earnings growth of 5% indicates robust financial health and effective pricing strategies [1] - The performance reflects the successful introduction and demand for high-end models, contributing to overall revenue growth [1]

Core Insights - Ferrari reported third-quarter revenue of €1.77 billion, exceeding the estimate of €1.71 billion [1] - EBITDA for the third quarter was €670 million, surpassing the forecast of €645 million [1] - EBIT for the third quarter reached €503 million, higher than the expected €471 million [1] - The company delivered 3,401 vehicles in the third quarter, slightly up from 3,383 vehicles in the previous quarter [1]