The F8 Tributo uses the same engine from the 488 Pista, a 3.9L twin-turbocharged V8 which has a power output of 720 PS (530 kW; 710 hp) and 770 N⋅m (568 lb⋅ft) of torque, making it the most powerful V8 Ferrari produced to date.
The F8 Tributo uses a 7-speed dual clutch automatic transmission with improved gear ratios.
Several new software features are installed on the F8; they are controlled via the manettino drive-mode switch on the steering wheel. The car is equipped with Ferrari's latest Side Slip Angle Control traction- and stability-control program. Additionally, the Ferrari Dynamic Enhancer, an electronic program for managing drifts, can now be used in the Race drive mode.
Claimed manufacturer performance for the F8 Tributo is 0–100 km/h (0–62 mph) in 2.9 seconds, 0–200 km/h (0–124 mph) in 7.6 seconds, with a top speed of 340 km/h (211 mph). Ferrari also stated that the Tributo's downforce has been increased by 15 percent as compared to the 488 GTB.