# Ferrari shipments in Q3

total number of car shipments in Q3 2026

Updated: August 4, 2026

Category: Financials

Tags: Companies
KPIs

HTML: /markets/financials/companies/ferrari-shipments-in-q3/

## Short Answer

**Key takeaway.** Both the **model** and the **market** expect Ferrari shipments in Q3 2026 to be Above 3225, with no compelling evidence of mispricing.

## Key Claims (January 2026)

**- Ferrari Q3 2026 shipments are likely at or below 3325 units.** This reflects a strategy prioritizing product mix over raw unit volume growth.
*   **Model** transitions and new **market** introductions may limit total shipment volume.

### Why This Matters (GEO)

- AI agents extract claims, not arguments.
- Improves citation probability in summaries and answer cards.
- Enables fact stitching across multiple sources.

## Executive Verdict

**Key takeaway.** **Model** estimates **1.0%** **probability** versus 0c **market** price, suggesting a 0.0x payout despite expected Q3 shipment ramp-up.

### Who Wins and Why

| Outcome | Market | Model | Why |
| --- | --- | --- | --- |
| Above 3225 | 0.0% | 1.0% | Q3 shipments are expected to rise from new models and strong orders, but volume growth may be tempered. |
| Above 3250 | 0.0% | 0.9% | Q3 shipments are expected to rise from new models and strong orders, but volume growth may be tempered. |
| Above 3275 | 0.0% | 0.8% | Q3 shipments are expected to rise from new models and strong orders, but volume growth may be tempered. |

## Model vs Market

| Outcome | Market Probability | Octagon Model Probability |
| --- | --- | --- |
| Above 3225 | 0.0% | 1.0% |
| Above 3250 | 0.0% | 0.9% |
| Above 3275 | 0.0% | 0.8% |
| Above 3300 | 0.0% | 0.7% |
| Above 3325 | 0.0% | 0.6% |
| Above 3350 | 0.0% | 0.5% |
| Above 3375 | 0.0% | 0.4% |
| Above 3400 | 0.0% | 0.3% |
| Above 3425 | 0.0% | 0.2% |
| Above 3450 | 0.0% | 0.2% |
| Above 3475 | 0.0% | 0.1% |
| Above 3500 | 0.0% | 0.1% |
| Above 3525 | 0.0% | 0.1% |
| Above 3550 | 0.0% | 0.1% |
| Above 3575 | 0.0% | 0.0% |
| Above 3600 | 0.0% | 0.0% |

- Expiration: March 4, 2027

## Market Behavior & Price Dynamics

This market's price action is defined by a single, sharp movement on its first day of recorded data. On August 4, 2026, the implied probability for Ferrari's Q3 shipments jumped 50.0 percentage points, from an opening price of 0.0% to 50.0%. The price has since held at this level. The available research does not identify a specific news event, social media activity, or other narrative driver that directly caused this spike. The event occurred shortly after Ferrari reported positive Q2 2026 results and increased guidance, but a direct causal link is not established in the provided context.

The most critical technical factor is the complete absence of trading volume. With zero contracts traded, the price movements do not reflect any market activity or conviction. The jump from 0.0% to 50.0% is not the result of buying pressure but is instead an artifact of an illiquid market, possibly representing an initial market-maker quote or a single untraded offer. Consequently, the 50.0% price point cannot be interpreted as a meaningful resistance or support level established through transactions.

The chart does not suggest a genuine market sentiment or consensus forecast for Ferrari's Q3 2026 shipments. The price level is purely indicative and lacks the validation of trading activity. The data points to an inactive market where the price is not being actively discovered by participants.

## Significant Price Movements

#### 📈 August 04, 2026: 50.0pp spike

Price increased from 0.0% to 50.0%

**Outcome:** Above 3225

**What happened:** The available web research does not indicate any social media activity from key figures or viral narratives on August 04, 2026, directly causing a 50.0 percentage point spike in a prediction market for Ferrari Q3 shipments. Q3 2026 financial results, including shipment volumes, had not yet been released by this date [[^]](https://www.reuters.com/world/china/ferrari-beats-estimates-with-5-core-earnings-rise-third-quarter-2025-11-04/)[[^]](https://www.harianbasis.co/en/ferrari-shares-rise-q2-2026-financial-results). While Ferrari announced Q2 2026 shipments of 3,366 units and raised its full-year guidance in late July/early August 2026, this guidance was driven by product mix and personalization, not increased shipment volume [[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-d05b95a592cb.html)[[^]](https://ng.investing.com/news/company-news/ferrari-q2-2026-slides-personalization-drives-guidance-raise-93CH-2628687)[[^]](https://finance.yahoo.com/markets/stocks/articles/ferrari-buyers-keep-splurging-custom-163016002.html). Therefore, social media was irrelevant as a primary driver given the lack of supporting evidence for such activity and the absence of relevant Q3 data.

## Contract Snapshot

This Kalshi market resolves based on the total number of Ferrari car shipments in Q3. A YES outcome occurs for a given threshold (e.g., 3300) if Ferrari's Q3 shipments exceed that number, while a NO outcome occurs if shipments are less than or equal to the threshold. The market ends on November 3, 7:00 am EST; no special settlement conditions are explicitly stated.

## Market Discussion

Ferrari N.V. is expected to release its Q3 2026 financial results on or around November 3, 2026 [[^]](https://www.investing.com/equities/ferrari-nv-earnings). Ferrari reported Q3 2025 shipments of 3,401 units, maintaining a largely flat trend, and as of July 30, 2026, it announced raising its 2026 full-year financial guidance driven by product mix and personalization demand rather than volume growth [[^]](https://www.ferrari.com/en-EN/corporate/articles/ferrari-financial-results-q3-2025)[[^]](https://www.sec.gov/Archives/edgar/data/1648416/000164841625000113/fnvq3resultspr.htm)[[^]](https://www.reuters.com/world/china/ferrari-beats-estimates-with-5-core-earnings-rise-third-quarter-2025-11-04/)[[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-d05b95a592cb.html)[[^]](https://www.manilatimes.net/2026/07/30/tmt-newswire/globenewswire/personalizations-and-mix-continue-to-drive-strong-results-and-2026-guidance-raise/2394862)[[^]](https://www.stocktitan.net/news/RACE/personalizations-and-mix-continue-to-drive-strong-results-and-2026-ntpwhls0a0hr.html). Public discussion and prediction market activity for 2026 primarily focus on annual total shipment volume targets, with no publicly available expert guidance specifically for Q3 2026 vehicle shipment numbers [[^]](https://www.coinrithm.com/en/prediction-markets/kalshi/kxracea-28janship)[[^]](https://www.solflare.com/prediction/companies/event/KXRACE-26MAYSHIP/)[[^]](https://www.espn.com/f1/story/_/id/49235612/mercedes-boss-toto-wolff-questions-limitless-ferrari-rate-formula-1-car-upgrades)[[^]](https://www.espn.com/f1/story/_/id/49469478/lewis-hamilton-eyes-stronger-second-half-f1-2026-ferrari-chase-power).

## Market Data

| Contract | Yes Bid | Yes Ask | Last Price | Volume | Open Interest |
| --- | --- | --- | --- | --- | --- |
| Above 3225 | 50% | 93% | 0% | $0 | $0 |
| Above 3250 | 49% | 90% | 0% | $0 | $0 |
| Above 3275 | 42% | 84% | 0% | $0 | $0 |
| Above 3300 | 33% | 75% | 0% | $0 | $0 |
| Above 3325 | 22% | 66% | 0% | $0 | $0 |
| Above 3350 | 13% | 56% | 0% | $0 | $0 |
| Above 3375 | 9% | 50% | 0% | $0 | $0 |
| Above 3400 | 10% | 50% | 0% | $0 | $0 |
| Above 3425 | 3% | 50% | 0% | $0 | $0 |
| Above 3450 | 3% | 50% | 0% | $0 | $0 |
| Above 3475 | 8% | 48% | 0% | $0 | $0 |
| Above 3500 | 3% | 47% | 0% | $0 | $0 |
| Above 3525 | 5% | 48% | 0% | $0 | $0 |
| Above 3550 | 8% | 48% | 0% | $0 | $0 |
| Above 3575 | 3% | 47% | 0% | $0 | $0 |
| Above 3600 | 3% | 47% | 0% | $0 | $0 |

## Which specific Ferrari models are expected to see production ramps or new market introductions during Q3 2026, and how might this affect the overall shipment mix and volume?

New Models Ramping Up | Amalfi, 849 Testarossa, and 296 Speciale series (Q3 2026) [[^]](https://www.investing.com/news/transcripts/earnings-call-transcript-ferrari-beats-q2-2026-forecasts-and-raises-guidance-93CH-4825147)[[^]](https://www.roic.ai/quote/RACE/transcripts)[[^]](https://finance.yahoo.com/markets/stocks/articles/ferrari-nv-race-q2-2026-210803310.html) |
New Model Unveiled | Ferrari 'Manuale' (Q3 2026) [[^]](https://www.investing.com/news/transcripts/earnings-call-transcript-ferrari-beats-q2-2026-forecasts-and-raises-guidance-93CH-4825147)[[^]](https://www.roic.ai/quote/RACE/transcripts)[[^]](https://finance.yahoo.com/markets/stocks/articles/ferrari-nv-race-q2-2026-210803310.html) |
2026 Production Strategy | Record-level model changeover, back-end loaded (2026) [[^]](https://www.roic.ai/quote/RACE.MI/transcripts/2025-year/3-quarter)[[^]](https://www.insidermonkey.com/blog/ferrari-n-v-nyserace-q3-2025-earnings-call-transcript-1640459/)[[^]](https://www.roic.ai/quote/RACE/transcripts)[[^]](https://www.marketbeat.com/earnings/reports/2025-11-4-ferrari-stock/)[[^]](https://finance.yahoo.com/markets/stocks/articles/ferrari-nv-race-q2-2026-210803310.html) |

**Ferrari significantly advanced production and introduced a new model in Q3 2026**

Ferrari significantly advanced production and introduced a new **model** in Q3 2026. This period saw the continued ramp-up of several key models, including the Amalfi, the 849 Testarossa family, and the 296 Speciale series. Additionally, the new Ferrari 'Manuale' **model** was unveiled during the same quarter [[^]](https://www.investing.com/news/transcripts/earnings-call-transcript-ferrari-beats-q2-2026-forecasts-and-raises-guidance-93CH-4825147)[[^]](https://www.roic.ai/quote/RACE/transcripts)[[^]](https://finance.yahoo.com/markets/stocks/articles/ferrari-nv-race-q2-2026-210803310.html).

Ferrari's 2026 production strategy is characterized by a record-level **model** changeover. The company guided for a more back-end loaded year due to this significant, record-level shift [[^]](https://www.roic.ai/quote/RACE.MI/transcripts/2025-year/3-quarter)[[^]](https://www.insidermonkey.com/blog/ferrari-n-v-nyserace-q3-2025-earnings-call-transcript-1640459/)[[^]](https://www.roic.ai/quote/RACE/transcripts)[[^]](https://www.marketbeat.com/earnings/reports/2025-11-4-ferrari-stock/)[[^]](https://finance.yahoo.com/markets/stocks/articles/ferrari-nv-race-q2-2026-210803310.html). The gradual production ramp-up of new models, such as the F80, is anticipated to influence the overall product mix and delivery volumes throughout the year. While **model** changeovers and high personalization levels constrained shipment volumes in regions like the Americas during the first half of 2026, a positive product/price mix variance is expected to strengthen further in the second half [[^]](https://finance.yahoo.com/markets/stocks/articles/ferrari-nv-race-q2-2026-210803310.html).

## How does Ferrari's most recent shipment performance in Q2 2026 compare with the historical data from Q3 2025 to establish a growth trend?

Q2 2026 Total Shipments | 3,366 units [[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-d05b95a592cb.html) |
Q3 2025 Total Shipments | 3,401 units [[^]](https://www.ferrari.com/en-EN/corporate/articles/ferrari-financial-results-q3-2025)[[^]](https://ml-eu.globenewswire.com/Resource/Download/e7c82f89-ed05-439e-be37-9f66af16c73c) |
Q2 2026 vs Q2 2025 Change | Decreased by 128 units (3.7%) [[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-d05b95a592cb.html) |

**Ferrari's Q2 2026 shipments showed a decline compared to recent historical data**

Ferrari's Q2 2026 shipments showed a decline compared to recent historical data. The company shipped a total of 3,366 units in Q2 2026 [[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-d05b95a592cb.html). This volume represents a decrease from the 3,401 units shipped in Q3 2025 [[^]](https://www.ferrari.com/en-EN/corporate/articles/ferrari-financial-results-q3-2025)[[^]](https://ml-eu.globenewswire.com/Resource/Download/e7c82f89-ed05-439e-be37-9f66af16c73c). Furthermore, when comparing Q2 2026 to Q2 2025, shipments were lower by 128 units, which translates to approximately a **3.7%** reduction from the 3,494 units previously shipped [[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-d05b95a592cb.html).

Strategic decisions prioritized product mix and personalization over immediate unit volume growth. This observed shipment performance is a result of a deliberate strategy by Ferrari, involving a planned **model** change-over [[^]](https://www.ferrari.com/en-EN/corporate/articles/ferrari-financial-results-q2-2026)[[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-d05b95a592cb.html). The company's current focus is on optimizing its product mix and enhancing personalization for customers, rather than pursuing immediate growth in unit volume [[^]](https://www.ferrari.com/en-EN/corporate/articles/ferrari-financial-results-q2-2026)[[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-d05b95a592cb.html). Specific shipment figures or projected growth trends for Q3 2026 are not available from the provided data.

## Based on Ferrari's reported H1 2026 results and its updated full-year guidance, what is the implied shipment target for the second half of the year?

H1 2026 Total Shipments | 6,802 cars (H1 2026) [[^]](https://www.ferrari.com/content/dam/ferrari-fcom/corporate/2026/risultati-q2-2026/2026_07_30%20-%20Ferrari%20-%20Q2%202026%20Results%20Presentation.pdf)[[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-27e49e54953d.html) |
Q1 2026 Shipments | 3,436 cars (Q1 2026) [[^]](https://www.ferrari.com/content/dam/ferrari-fcom/corporate/2026/risultati-q2-2026/2026_07_30%20-%20Ferrari%20-%20Q2%202026%20Results%20Presentation.pdf)[[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-27e49e54953d.html) |
Q2 2026 Shipments | 3,366 cars (Q2 2026) [[^]](https://www.ferrari.com/content/dam/ferrari-fcom/corporate/2026/risultati-q2-2026/2026_07_30%20-%20Ferrari%20-%20Q2%202026%20Results%20Presentation.pdf)[[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-27e49e54953d.html) |

**Ferrari did not provide a specific shipment target for 2026**

Ferrari did not provide a specific shipment target for 2026. The company did not offer a specific numerical shipment target for the full year 2026 or the second half of 2026, which makes it impossible to calculate an implied shipment target for the latter half of the year [[^]](https://www.ferrari.com/content/dam/ferrari-fcom/corporate/2026/risultati-q2-2026/2026_07_30%20-%20Ferrari%20-%20Q2%**202026%**20Results%20Presentation.pdf)[[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-27e49e54953d.html)[[^]](https://finance.yahoo.com/markets/stocks/articles/ferrari-nv-race-q2-2026-210803310.html). This lack of a specific numerical target persisted even after Ferrari raised its full-year 2026 financial guidance in its July 30, 2026 Q2 results, forecasting net revenue of approximately €7.60 billion and Adjusted EBITDA of at least €2.97 billion [[^]](https://www.ferrari.com/content/dam/ferrari-fcom/corporate/2026/risultati-q2-2026/2026_07_30%20-%20Ferrari%20-%20Q2%**202026%**20Results%20Presentation.pdf)[[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-27e49e54953d.html)[[^]](https://finance.yahoo.com/markets/stocks/articles/ferrari-nv-race-q2-2026-210803310.html).

Ferrari reported 6,802 car shipments in the first half of 2026. The total for the first half of the year included 3,436 cars shipped in Q1 2026 and 3,366 cars shipped in Q2 2026 [[^]](https://www.ferrari.com/content/dam/ferrari-fcom/corporate/2026/risultati-q2-2026/2026_07_30%20-%20Ferrari%20-%20Q2%**202026%**20Results%20Presentation.pdf)[[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-27e49e54953d.html). Ferrari's 2026 shipment volume is primarily influenced by a significant, record-level **model** change-over involving seven new models, which impacts the pace and regional allocation of deliveries throughout the year [[^]](https://finance.yahoo.com/markets/stocks/articles/ferrari-nv-race-q2-2026-210803310.html)[[^]](https://www.earningscall.ai/stock/transcript/RACE-2025-Q4)[[^]](https://www.insidermonkey.com/blog/ferrari-n-v-nyserace-q4-2025-earnings-call-transcript-1694405/).

## What known production schedules, including planned factory maintenance at Maranello and potential supply chain bottlenecks, could constrain Ferrari's output in Q3 2026?

Model Changeover | 7 new models and gradual F80 ramp-up [[^]](https://www.roic.ai/quote/RACE/transcripts) |
2026 Outlook | Described as back-end loaded [[^]](https://www.roic.ai/quote/RACE/transcripts) |
Q2 2026 Performance | Beat forecasts and raised guidance [[^]](https://www.roic.ai/quote/RACE/transcripts)[[^]](https://www.investing.com/news/transcripts/earnings-call-transcript-ferrari-beats-q2-2026-forecasts-and-raises-guidance-93CH-4825147) |

**Ferrari's Q3 2026 output will primarily be shaped by internal model transitions**

Ferrari's Q3 2026 output will primarily be shaped by internal **model** transitions. The company anticipates a significant **model** changeover involving seven new models and the gradual ramp-up of the F80 **model**, which is expected to influence the pace of deliveries throughout the year. Management has characterized 2026 as being back-end loaded, largely due to this gradual ramp-up and ongoing **model** changeovers [[^]](https://www.roic.ai/quote/RACE/transcripts).

Currently, no external constraints or maintenance issues are identified to impact output. There are no specific planned factory maintenance events at Maranello or potential supply chain bottlenecks presently identified as constraints on Ferrari's output in Q3 2026. Furthermore, industrial developments, such as the continued construction of a new paint shop in Maranello, are proceeding as planned [[^]](https://www.roic.ai/quote/RACE/transcripts). Ferrari also demonstrated strong operational momentum by beating Q2 2026 forecasts and subsequently raising its guidance, indicating a positive trajectory as it enters the second half of the year [[^]](https://www.roic.ai/quote/RACE/transcripts)[[^]](https://www.investing.com/news/transcripts/earnings-call-transcript-ferrari-beats-q2-2026-forecasts-and-raises-guidance-93CH-4825147).

## How does Ferrari's regional shipment distribution in H1 2026 compare to Q3 2025, and what does this suggest for demand in key markets like EMEA and the Americas?

H1 2026 EMEA Shipments | 55% (H1 2026) [[^]](https://www.ferrari.com/content/dam/ferrari-fcom/corporate/2026/risultati-q2-2026/2026_07_30%20-%20Ferrari%20-%20Q2%202026%20Results%20Presentation.pdf)[[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-27e49e54953d.html) |
H1 2026 Americas Shipments | 23% (H1 2026) [[^]](https://www.ferrari.com/content/dam/ferrari-fcom/corporate/2026/risultati-q2-2026/2026_07_30%20-%20Ferrari%20-%20Q2%202026%20Results%20Presentation.pdf)[[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-27e49e54953d.html) |
Order Book Duration | Extends into late 2027 [[^]](https://www.tikr.com/blog/ferrari-q1-2026-e1-85b-revenue-as-order-book-extends-to-end-of-2027)[[^]](https://www.roic.ai/quote/RACE.MI/transcripts/2025-year/3-quarter)[[^]](https://www.insidermonkey.com/blog/ferrari-n-v-nyserace-q3-2025-earnings-call-transcript-1640459/)[[^]](https://www.roic.ai/quote/RACE:AV/transcripts/2025-year/3-quarter) |

**Ferrari's H1 2026 shipments show a regional distribution shift compared to the previous period**

Ferrari's H1 2026 shipments show a regional distribution shift compared to the previous period. In the first half of 2026, the Europe, Middle East, and Africa (EMEA) region accounted for **55%** of total shipments, while the Americas represented **23%** [[^]](https://www.ferrari.com/content/dam/ferrari-fcom/corporate/2026/risultati-q2-2026/2026_07_30%20-%20Ferrari%20-%20Q2%**202026%**20Results%20Presentation.pdf)[[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-27e49e54953d.html). This distribution marks a change from Q3 2025 figures, when EMEA's share was approximately **42.6%** and the Americas' share stood at **30.7%** [[^]](https://www.ferrari.com/en-EN/corporate/articles/ferrari-financial-results-q3-2025)[[^]](https://finviz.com/news/216221/consistent-execution-strong-q3-2025-results)[[^]](https://elite.finviz.com/news/216221/consistent-execution-strong-q3-2025-results). The data indicates an increased proportion of shipments for the EMEA region and a decreased proportion for the Americas.

Management attributes shipment changes to strategic allocation, not demand. Ferrari's leadership explains these shifts in regional shipment percentages as the result of planned **model** change-overs and flexible strategic geographic allocation [[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-27e49e54953d.html)[[^]](https://www.investing.com/news/transcripts/earnings-call-transcript-ferrari-beats-q2-2026-forecasts-and-raises-guidance-93CH-4825147)[[^]](https://www.tikr.com/blog/ferrari-q1-2026-e1-85b-revenue-as-order-book-extends-to-end-of-2027)[[^]](https://www.roic.ai/quote/RACE.MI/transcripts/2025-year/3-quarter)[[^]](https://www.roic.ai/quote/RACE:AV/transcripts/2025-year/3-quarter). They emphasize that these changes do not reflect a weakening of underlying demand in key markets [[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-27e49e54953d.html)[[^]](https://www.investing.com/news/transcripts/earnings-call-transcript-ferrari-beats-q2-2026-forecasts-and-raises-guidance-93CH-4825147)[[^]](https://www.tikr.com/blog/ferrari-q1-2026-e1-85b-revenue-as-order-book-extends-to-end-of-2027)[[^]](https://www.roic.ai/quote/RACE.MI/transcripts/2025-year/3-quarter)[[^]](https://www.roic.ai/quote/RACE:AV/transcripts/2025-year/3-quarter). The company's order book remains robust, with current orders extending well into late 2027 [[^]](https://www.tikr.com/blog/ferrari-q1-2026-e1-85b-revenue-as-order-book-extends-to-end-of-2027)[[^]](https://www.roic.ai/quote/RACE.MI/transcripts/2025-year/3-quarter)[[^]](https://www.insidermonkey.com/blog/ferrari-n-v-nyserace-q3-2025-earnings-call-transcript-1640459/)[[^]](https://www.roic.ai/quote/RACE:AV/transcripts/2025-year/3-quarter). Furthermore, 2026 is projected to be a back-end loaded year, primarily due to the phased introduction of new models [[^]](https://www.tikr.com/blog/ferrari-q1-2026-e1-85b-revenue-as-order-book-extends-to-end-of-2027)[[^]](https://www.roic.ai/quote/RACE.MI/transcripts/2025-year/3-quarter)[[^]](https://www.insidermonkey.com/blog/ferrari-n-v-nyserace-q3-2025-earnings-call-transcript-1640459/)[[^]](https://www.roic.ai/quote/RACE:AV/transcripts/2025-year/3-quarter).

## What Could Change the Odds

**Ferrari's Q3 2026 financial results are scheduled for release on November 3, 2026 [[^]](https://www.stocktitan.net/news/RACE/2026-corporate-vj67618dvq1v.html)[[^]](https://intellectia.ai/news/stock/ferrari-nv-announces-2026-corporate-calendar-with-key-earnings-dates)[[^]](https://public.com/stocks/race/earnings).** The company has not yet reported its Q3 2026 shipment numbers, which will be disclosed during this earnings release [[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-d05b95a592cb.html)[[^]](https://en.ilsole24ore.com/art/ferrari-revises-its-2026-forecast-upwards-AJIiYTa)[[^]](https://gevestor.com/articles/ferrari-q2-2026-outlook-personalization-drives-1.94-b-revenue-and-new-guidance-boosts-investor/). Following its Q2 2026 report, Ferrari raised its full-year 2026 financial guidance, now targeting net revenues of approximately €7.60 billion, adjusted EBITDA of at least €2.97 billion, and adjusted diluted EPS of at least €9.68 [[^]](https://www.stocktitan.net/sec-filings/RACE/6-k-ferrari-n-v-current-report-foreign-issuer-d05b95a592cb.html)[[^]](https://www.sec.gov/Archives/edgar/data/1648416/000164841626000018/fnvfy2025results.htm)[[^]](https://en.ilsole24ore.com/art/ferrari-revises-its-2026-forecast-upwards-AJIiYTa)[[^]](https://gevestor.com/articles/ferrari-q2-2026-outlook-personalization-drives-1.94-b-revenue-and-new-guidance-boosts-investor/).

**Key bullish catalysts include strong order book visibility through 2027, robust personalization demand, and the ramp-up of new high-margin models like the F80 and 12Cilindri [[^]](https://en.ilsole24ore.com/art/ferrari-revises-its-2026-forecast-upwards-AJIiYTa)[[^]](https://alcapitaladvisory.com/research/equities/race.html)[[^]](https://stockscreener.finance/en/news/is-ferrari-a-buy-after-its-latest-earnings-report/)[[^]](https://gevestor.com/articles/ferrari-q2-2026-outlook-personalization-drives-1.94-b-revenue-and-new-guidance-boosts-investor/).** Bearish risks encompass potential luxury spending softening, macro volatility, and margin pressure or brand dilution related to the Luce EV transition [[^]](https://en.ilsole24ore.com/art/ferrari-revises-its-2026-forecast-upwards-AJIiYTa)[[^]](https://alcapitaladvisory.com/research/equities/race.html)[[^]](https://stockscreener.finance/en/news/is-ferrari-a-buy-after-its-latest-earnings-report/)[[^]](https://gevestor.com/articles/ferrari-q2-2026-outlook-personalization-drives-1.94-b-revenue-and-new-guidance-boosts-investor/).

**In Formula 1, Ferrari is in the middle of the 2026 season.** Lewis Hamilton and Charles Leclerc aim for a stronger second half, following a first half where the team faced a straight-line speed deficit to competitors like Mercedes [[^]](https://www.espn.com/f1/story/_/id/49469478/lewis-hamilton-eyes-stronger-second-half-f1-2026-ferrari-chase-power). Team principal Fred Vasseur confirmed a strategy of incremental car upgrades at every race, alongside work on longer-term engine improvements [[^]](https://www.espn.com/f1/story/_/id/49469478/lewis-hamilton-eyes-stronger-second-half-f1-2026-ferrari-chase-power). The 2026 Formula 1 season calendar was reduced to 22 races [[^]](https://africa.espn.com/f1/story/_/id/47313408/formula-1-2026-race-calendar-preseason-testing-dates-full-schedule-new-rules).

## Key Dates & Catalysts

- **Expiration:** March 04, 2027
- **Closes:** March 04, 2027

## Decision-Flipping Events

- Ferrari's Q3 2026 financial results are scheduled for release on November 3, 2026 [^] [^] [^] .
- The company has not yet reported its Q3 2026 shipment numbers, which will be disclosed during this earnings release [^] [^] [^] .
- Following its Q2 2026 report, Ferrari raised its full-year 2026 financial guidance, now targeting net revenues of approximately €7.60 billion, adjusted EBITDA of at least €2.97 billion, and adjusted diluted EPS of at least €9.68 [^] [^] [^] [^] .
- Key bullish catalysts include strong order book visibility through 2027, robust personalization demand, and the ramp-up of new high-margin models like the F80 and 12Cilindri [^] [^] [^] [^] .

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## Historical Resolutions

**Historical Resolutions:** 6 markets in this series

**Outcomes:** 2 resolved YES, 4 resolved NO

**Recent resolutions:**

- KXRACE-26JULSHIP-3550: NO (Jul 30, 2026)
- KXRACE-26JULSHIP-3500: NO (Jul 30, 2026)
- KXRACE-26JULSHIP-3450: NO (Jul 30, 2026)
- KXRACE-26JULSHIP-3400: NO (Jul 30, 2026)
- KXRACE-26JULSHIP-3350: YES (Jul 30, 2026)

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### Data Sources & Model Transparency

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**Freshness:** Analysis is generated periodically and may not reflect the latest developments. Verify critical information from primary sources.

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