Ferrari (NYSE:RACE) reported third-quarter results below analyst expectations, but reaffirmed its recently raised full-year guidance, emphasizing continued strategic progress and long-term growth confidence.
The luxury automaker posted earnings per share of €2.14, missing the analyst forecast of €2.41, while revenue totaled €1.77 billion, also short of the expected €1.98 billion.
Operating profit climbed 7.6% year-over-year to €503 million, delivering an operating margin of 28.4%. EBITDA rose 5% from the prior year to €670 million, representing a margin of 37.9%.
“We continue to advance with conviction and strong visibility on our development path. At our Capital Markets Day, we have defined a clear trajectory in the long-term interests of our brand, setting the floor for sustainable growth toward 2030,” said Benedetto Vigna, CEO of Ferrari.
For 2025, Ferrari maintained the outlook it raised during its Capital Markets Day on October 9, projecting revenue of at least €7.1 billion, slightly below the €8.19 billion consensus forecast.
The company also expects earnings per share of at least €8.80, compared with analyst expectations of €8.97.