Ferrari's first electric car, the Luce, designed by Jony Ive, has sold out its entire 2027 production run despite initial criticism. CEO Benedetto Vigna confirmed that every car planned for next year is already allocated, with buyers facing a one-year wait. The Luce's strong demand, alongside high customization sales, helped Ferrari raise its full-year earnings forecast to at least €3 billion. The company reported a 7% revenue increase and a 13% rise in net income for Q3, driven by personalized options and limited-run models like the F80 hypercar.
Ferrari's stock, RACE, trades at USD 418.94 on Pluang as of Nov 04, 2026 02:02 WIB, up 3.93% in one day. The stock's market cap stands at $70.19 billion, with a 52-week high of $436.54. Despite strong sales of the Luce EV, Pluang order activity shows 74% selling and 26% buying interest currently.
Ferrari raised its 2026 financial guidance following third-quarter results that slightly exceeded Wall Street expectations. The company reported adjusted earnings per share of 2.44 euros and revenue of 1.9 billion euros, both above estimates. Despite...
Ferrari announced a 7% increase in net revenues to €1.896 billion for Q3 2026, driven by strong sales of new models like the F80 supercar and personalized options. Operating profit rose 12% to €563 million, with an improved EBIT margin of 29.7%. The ...
Ferrari has repurchased 370,061 common shares for approximately €130.5 million as part of the third tranche of its multi-year €3.5 billion share buyback program announced in 2025. The shares were bought on Euronext Milan and NYSE, increasing Ferrari'...
