Ferrari completes Second Tranche of €3.5B buyback; third tranche starts September 2026
Sep 1, 2026, 12:43 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The completion of the Second Tranche validates Ferrari's commitment to returning capital and reducing share count, which can support the stock price in the near term. The announced Third Tranche, starting Sep 2, 2026, provides a fresh catalyst that could re-ignite buying interest and help sustain a positive price trajectory, especially if execution remains disciplined. However, buybacks are typically incremental in impact and may be offset by macro factors and luxury-demand trends.
AI summary
What happened, with direct paths to the underlying reporting
Ferrari confirms the completion of the Second Tranche of its Euro 3.5 billion buyback program and reports 1.701 million shares purchased for about €510.8 million, reducing float modestly. A Third Tranche up to €250 million starts September 2, 2026, signaling continued capital return and potential upside for RACE as the program progresses.
Ferrari completes Second Tranche of Euro 3.5b buyback. Treasury stake about 0.9%.
Third Tranche up to €250m starts Sept 2, 2026. Funded from available cash.
Second Tranche purchases total 1,701,184 shares for €510.76m.
As of Aug 28, 2026, treasury shares: 1,590,804 (0.90% of issued); including voting shares: 0.68%.
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