Ferrari technicians inspect supercars on the production line inside the company’s factory in Maranello, Italy October 2, 2025. REUTERS/Remo Casilli/file photo
Remo Casilli | Reuters
DETROIT — Ferrari beat Wall Street’s expectations for first-quarter earnings on Tuesday and reconfirmed its forecast for the year, weeks before the sports car maker unveils its first all-electric vehicle.
Here’s the company’s first-quarter performance compared to average estimates compiled by LSEG:
- Earnings per share: 2.33 euros (US$2.72) adjusted against 2.27 euros expected
- Income: 1.85 billion euros versus 1.81 billion euros expected
Ferrari’s revenue rose more than 3% from 1.79 billion euros in the first quarter of 2025, while its operating profit and adjusted profit rose 1.1% and 4.2% year-on-year, respectively.
The company’s forecast for 2026 includes €7.5 billion in net revenue and adjusted operating profit of at least €2.22 billion, or €9.45 in adjusted EPS. Its industrial free cash flow is targeted at 1.5 billion euros or more for the year.
These results came despite deliveries falling 4.4% year-on-year to 3,436 units, as the sports car maker said it had slowed production to “facilitate the execution of the planned model change”.
The company said deliveries “were not affected by the increase in hostilities in the Middle East, as Ferrari took advantage of its flexibility in geographic allocation, bringing forward some deliveries to other regions.”
Ferrari’s results come just weeks before the scheduled launch of the Luce, its first fully electric vehicle, on May 25.
“With just twenty days until the world premiere of the Ferrari Luce, the feeling of anticipation has never been higher. The Ferrari Luce brings together so much extraordinary technology and the passion of so many people. It is proof of how tradition and innovation can come together to create something unique,” Ferrari CEO Benedetto Vigna said in a statement on Tuesday.