STEADY PERFORMANCE: IMPRESSIVE Q3 2025 OUTCOMES
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 04 2025
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Should l Buy RACE?
Source: Newsfilter
Financial Performance: Ferrari reported net revenues of €1,766 million for Q3 2025, a 7.4% increase year-over-year, with an operating profit (EBIT) of €503 million, reflecting a margin of 28.4%. Net profit reached €382 million, with diluted earnings per share at €2.14.
Shipments and Product Mix: Total shipments for Q3 2025 were 3,401 units, showing a slight increase of 1% compared to the previous year. The product mix included six internal combustion engine models and five hybrid models, with a focus on personalization and a richer product offering.
Upward Guidance: During the Capital Markets Day, Ferrari revised its 2025 guidance upward, anticipating stronger product mix and cash flow generation, despite challenges such as higher US tariffs and foreign exchange headwinds.
Strategic Developments: Ferrari announced several strategic initiatives, including the unveiling of new hybrid models, the completion of a new test circuit, and a partnership with BingX, a crypto exchange, set to begin in 2026, emphasizing the brand's commitment to innovation and sustainability.
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Analyst Views on RACE
Wall Street analysts forecast RACE stock price to rise
15 Analyst Rating
11 Buy
3 Hold
1 Sell
Moderate Buy
Current: 329.260
Low
349.74
Averages
448.83
High
555.00
Current: 329.260
Low
349.74
Averages
448.83
High
555.00
About RACE
Ferrari NV, known as Ferrari, is an Italy-based designer, manufacturer and retailer of sports cars that is incorporated in the Netherlands. It operates under the Ferrari brand. Its sports cars portfolio includes, among others, F12berlinetta, FF, Ferrari 488 GTB, 488 Spider, 458 Speciale, Ferrari California T, F12tdf and LaFerrari. The Company also offers financing services through Ferrari Financial Services. It also produces limited series and one-off cars. The Company divides its regional markets in EMEA (Europe, the Middle East, India and Africa), Americas, Greater China and Rest of APAC (Asia-Pacific region, excluding Greater China) and is active in over 60 markets worldwide through a network of authorized dealers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Shareholding Status: As of May 8, 2026, Ferrari held 17,634,681 treasury shares, representing 9.09% of total issued common shares, providing flexibility for potential future equity adjustments.
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- Strategic Reserve Role: China's strategic petroleum reserves serve as a hedge against supply constraints and price volatility, particularly amid escalating tensions with the U.S. and sanctions, underscoring its strategic significance in global energy security.
See More
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- Strong Order Book: Despite uncertainties surrounding the Luce premiere, Ferrari's order book extends into the end of 2027, reflecting sustained demand in the luxury market and strong financial performance.
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- Cash Inflow: This collaboration is expected to generate several billion dollars in cash flow for SpaceX, aiding its business development while providing Anthropic with much-needed computing resources to address competitive pressures in the market.
- Market Competition: In the AI sector, companies like OpenAI, Microsoft, Google, and Amazon are vying for computing power; this move not only alleviates Anthropic's resource constraints but also potentially strengthens its competitive position within the industry.
- Rapid Deployment: Elon Musk noted that SpaceX quickly completed the construction of Colossus 2, and although the demand for XAI has decreased, this move demonstrates SpaceX's flexibility and adaptability in the AI infrastructure market.
See More
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- Growing Order Book: CEO Vigna noted that the order book has further extended towards the end of 2027, with over 500 test drives conducted in the past two months, indicating sustained market demand despite conflicts in the Middle East.
- Upcoming Product Launch: The world premiere of the electric Ferrari Luce is set for May 25 in Rome, with over 60 patents registered, expected to serve as a significant sales catalyst and further solidify the brand's position in the luxury market.
- Adjusted Profitability Outlook: CFO Picca Piccon highlighted that profitability for 2026 will be more evenly spread between H1 and H2, reflecting the company's flexible response to product mix and market demand, ensuring ongoing financial health.
See More
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- Earnings Beat: Ferrari reported Q1 earnings per share of €2.33, surpassing the expected €2.27, indicating strong performance in the luxury market and reinforcing brand value.
- Revenue Growth: The company achieved €1.85 billion in revenue for Q1, up over 3% from €1.79 billion in the same period last year, reflecting sustained demand and sales capability in the high-end automotive sector.
- Future Guidance: Ferrari projects net revenues of €7.5 billion and adjusted operating profit of at least €2.22 billion for 2026, demonstrating confidence in future growth, particularly with its electric vehicle strategy.
- Delivery Insights: Although deliveries fell 4.4% year-over-year to 3,436 units, Ferrari attributed this to planned model changes and noted that the situation was not impacted by Middle Eastern conflicts, showcasing its geographical allocation flexibility.
See More
