Ferrari reported Q3 2025 net revenues of €1.77 billion, a 7.4 % year‑over‑year increase, and a net profit of €382 million, up 2 % from the €375 million reported in Q3 2024.
The company’s diluted earnings per share were €2.14, down 2.4 % from €2.08 in the prior year. Revenue fell short of the consensus estimate of €1.98 billion, while the EPS missed the forecast of €2.41 by 11.2 %. Net profit, however, exceeded the Reuters poll of €372 million and the IBES estimate of €1.708 billion in revenue terms.
Ferrari’s EBITDA margin contracted to 37.9 % from 38.8 % in Q3 2024, largely due to a €32 million negative impact from currency headwinds and higher raw‑material costs. Segment revenue was €1.479 billion from Cars and spare parts and €211 million from Sponsorship, commercial and brand activities.
The company reaffirmed its 2025 guidance, maintaining a forecast of at least €7.1 billion in net revenues and a robust EBITDA margin. Ferrari highlighted continued investment in electrification, noting the ramp‑up of the SF90 XX and 12Cilindri families, and a product mix of 57 % internal‑combustion and 43 % hybrid models.
Ferrari’s strategic focus on personalization and limited‑edition releases, such as the Daytona SP3, supports its premium pricing strategy and high margins, even as the company navigates supply‑chain constraints and currency volatility.
The Q3 results underscore Ferrari’s resilience in the ultra‑luxury automotive segment, where strong brand loyalty and exclusivity allow the company to maintain supply below demand and command premium pricing.
Ferrari plans to return significant capital to shareholders through dividends and share repurchases, reinforcing confidence in its long‑term growth trajectory.
The company’s guidance for 2025 signals continued optimism about demand for its high‑performance vehicles and the expansion of its electrified product line.
The Q3 earnings provide a detailed view of Ferrari’s financial health and strategic priorities, offering stakeholders a comprehensive understanding of the company’s performance and outlook.
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