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The F8 Tributo uses the same engine from the 488 pista, a 3.9 L twin-turbocharged v8 with a power output of 720 PS (530 kW; 710 hp) at 7000 rpm and 770 N⋅m (568 lb⋅ft) of torque at 3250 rpm, making it the most powerful V8-powered Ferrari produced to date. Specific intake plenums and manifolds with optimised fluid dynamics improve the combustion efficiency of the engine, thanks to the reduction of the temperature of the air in the cylinder, which also helps boost power. The increase in performance is provided in a more reactive way thanks to lightning solutions on the rotating masses, such as the F1 derived titanium connecting rods. The exhaust layout and the Inconel manifolds have been completely modified up to the terminals. The F8 Tributo also uses turbo rev sensors, developed in the 488 Challenge, to maximise the efficiency of the turbochargers based on the demand for power from the pedal. The transmission is a 7-speed dual-clutch automatic unit with improved gear ratios.
Several new software features are installed on the F8 which are controlled via the manattino dial 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.