Key Highlights

  • Ferrari (NYSE:RACE) reported third quarter 2026 Revenue of 1.29 billion euro, up almost 10% at constant currency and 7% as reported, and raised its full-year outlook.
  • Cricut (NASDAQ:CRCT) grew Net Income 36% to USD 27.8 million on revenue of USD 188.6 million, up 11%, with gross Margin at 57.7% against 55.2%.
  • Revolve Group (NYSE:RVLV) posted free Cash Flow of negative USD 27.0 million in the third quarter, against positive USD 6.6 million a year earlier, while active customers reached 3.243 million.
  • Latham Group (NASDAQ:SWIM) lifted net sales 12.5% to USD 182.2 million, widened gross margin by 130 basis points to 36.7%, and approved a three-year USD 100 million buyback.

Ferrari (NYSE:RACE): Mix and Personalization Lift the Outlook

Ferrari (NYSE:RACE) held its third quarter 2026 Earnings Call on November 3, 2026, and said it was raising full-year guidance. Revenue was 1.29 billion euro, up almost 10% at constant currency and 7% as reported, with the gap caused by a currency headwind, mainly from the U.S. dollar and Japanese yen. Growth in cars and spare parts came from a richer product mix and higher personalizations, which passed 21% of that revenue line. EBIT came in above 560 million euro, and industrial free cash flow exceeded 565 million euro, helped by advances collected on orders. Net cash stood at 219 million euro after share repurchases. The exact new guidance ranges were not in the call transcript supplied for this article, so they are not stated here, and the exchange listing was not confirmed from a cover page. Risks include currency swings, a normalization of the unusually high share of special series, and lower mainland China shipments during the model changeover. Management still expects a negative currency effect from prior-year hedges of 150 to 200 million euro for the full year. Two new models are due before year-end, and the first Luce deliveries begin in the fourth quarter.

Cricut (NASDAQ:CRCT): Margin Mix Lets Profit Outrun Sales

Cricut (NASDAQ:CRCT) released third quarter 2026 results on November 3, 2026. The company sells connected cutting and crafting machines, accessories and materials, and earns subscription income from its design software. Revenue rose 11% to USD 188.6 million, while net income rose from USD 20.5 million to USD 27.8 million, or USD 0.13 per diluted share. Products revenue grew 17% to USD 102.7 million, and Platform revenue rose nearly 4% to USD 85.9 million. Operating expenses rose only about 5%, so Operating Income climbed 50% to USD 33.9 million. Our arithmetic on the reported cost lines puts Products gross margin near 30.8% against 23.1% a year earlier. The board approved a USD 0.10 recurring Dividend and a USD 0.70 special dividend, payable in January 2027. At roughly 208.7 million weighted basic shares, USD 0.80 per share implies about USD 167 million, simple arithmetic that excludes the share-class split. Paid subscribers rose 2% to 3.07 million, and 90-day engaged users were flat at 3.5 million. No forward guidance appeared in the release extract.

Revolve Group (NYSE:RVLV): Customers Grow but Cash Turns Negative

Revolve Group (NYSE:RVLV) filed its Quarterly Report for the period ended September 30, 2026 on November 3, 2026. The online fashion retailer for Millennial and Generation Z shoppers reported active customers of 3.243 million, up about 18% from 2.747 million (own arithmetic). Orders placed rose to 2.745 million from 2.300 million. Average order value slipped to USD 292 from USD 306, and gross margin eased to 53.9% from 54.6%. Adjusted EBITDA was USD 23.5 million against USD 25.3 million, a decline of about 7% (own arithmetic). Free cash flow, a non-GAAP measure that deducts Capital spending from operating cash flow, was negative USD 27.0 million, and nine-month free cash flow fell to USD 7.0 million from USD 59.0 million. The excerpt supplied did not include net sales, net income or inventory data, so the reason for the cash outflow cannot be confirmed. Listed risks include tariffs, reliance on overseas suppliers, particularly in China, consumer Demand and inventory forecasting. The next markers are fourth quarter results and the full cash flow statement.

Latham Group (NASDAQ:SWIM): Fiberglass Pools and Sand State Demand

Latham Group (NASDAQ:SWIM) reported third quarter 2026 results on November 3, 2026, for the quarter ended September 26, 2026. Net sales rose 12.5% to USD 182.2 million, with organic growth of 8.4% and the Freedom Pools Acquisition adding the rest. In-ground pool sales rose to USD 92.4 million from USD 75.4 million. Gross margin widened by 130 basis points to 36.7%, which the company tied to better plant absorption and lean manufacturing, and adjusted EBITDA climbed 18.1% to USD 45.3 million. Selling, general and administrative expenses increased 25.5%, including USD 3.2 million of earn-out expense. GAAP net income of USD 12.1 million included a one-time USD 5.0 million loss on Debt extinguishment linked to a refinancing that extends maturities to 2033. Nine-month net income fell 10.3% to USD 16.3 million. Guidance for 2026 net sales was narrowed to USD 605 million to USD 615 million. Total debt was USD 292.5 million against cash of USD 94.8 million, and fourth quarter Volume is the key variable.

Where Things Stand

Cricut lifted profit 36% on 11% revenue growth because higher gross margin, mainly from Products, and slower expense growth flowed through to operating income, which rose 50%. Cricut (NASDAQ:CRCT) also moved to return cash through a special dividend. Ferrari (NYSE:RACE) showed the same pricing-led pattern at luxury scale, with EBIT growing faster than revenue. Revolve Group showed the opposite pattern, with customer growth but negative free cash flow, and the filing extract does not explain why. Latham Group (NASDAQ:SWIM) sits between them, with strong sales and margin but lower nine-month net income and a debt refinancing charge. Watch the January 2027 Cricut dividend, Ferrari's two model launches before year-end, Revolve's fourth quarter cash flow and the pace of Latham's buyback.