Today, Ferrari reported impressive first-quarter earnings and reaffirmed its annual guidance, just weeks before unveiling its first fully electric vehicle.
Ferrari’s Q1 revenue was up more than 3% at 1.85 billion, while its operating profit and adjusted earnings increased 1.1% and 4.2% year-over-year, respectively.
Benedetto Vigna, CEO of Ferrari, told investors, “Our enriched mix and continued demand for personalizations contributed to the strong earnings we are presenting today. With these results and an order book further extending towards the end of 2027, we confirm our 2026 guidance. With only twenty days to the world premiere of the Ferrari Luce, the sense of anticipation has never been so high. The Ferrari Luce brings together so much extraordinary technologies and the passion of so many people. It is the evidence of how tradition and innovation can come together to create something unique”.
The company stated: “Ferrari continued to report solid growth in the first quarter of 2026, in line with the trajectory outlined in the 2026 guidance and sustained by all business dimensions, notwithstanding the ongoing geopolitical situation. This remarkable performance underscores the resilience of Ferrari’s business model.”
Ferrari’s 2026 guidance includes 7.5 billion euros in net revenues and an adjusted operating profit of at least 2.22 billion euros, or 9.45 euros adjusted EPS, despite deliveries dropping 4.4% year-over-year to 3,436 units.
The company stated that deliveries “were not impacted by the surge of hostilities in the Middle East, as Ferrari leveraged its geographical flexibility, bringing forward certain deliveries to other regions.”
Ferrari will deliver its first fully electric vehicle on May 25.
By CEO NA Editorial Staff
