Home / Business and Economy / Ferrari Beats Earnings, Eyes Electric Future
Ferrari Beats Earnings, Eyes Electric Future
5 May
Summary
- Ferrari surpassed Q1 earnings expectations, reconfirming annual guidance.
- Deliveries decreased slightly due to model change-over production adjustments.
- The company's first all-electric vehicle, the Luce, debuts May 25.
Ferrari reported first-quarter earnings that surpassed Wall Street's predictions on May 5, 2026, while also maintaining its financial guidance for the full year. The luxury sports car manufacturer saw its revenue increase by over 3% year-over-year.
This robust financial performance was achieved even as vehicle deliveries experienced a slight decrease of 4.4%. Ferrari stated this was a strategic decision to "ease the execution of the planned model change-over."
Ferrari's guidance for 2026 includes net revenues of 7.5 billion euros and an adjusted operating profit of at least 2.22 billion euros. The company also confirmed its industrial free cash flow target of 1.5 billion euros or more for the year.
The company's financial results come just weeks before the scheduled world premiere of its first fully electric vehicle, named the Luce, on May 25, 2026. CEO Benedetto Vigna expressed high anticipation for the Luce, highlighting its blend of technology and passion.
