Ferrari reported first-quarter earnings that exceeded Wall Street expectations, showcasing resilience ahead of its upcoming all-electric vehicle launch. The luxury automaker posted adjusted earnings per share of €2.33, surpassing the €2.27 forecast, while revenue reached €1.85 billion, above the anticipated €1.81 billion. Notably, despite a 4.4% decline in deliveries to 3,436 units, Ferrari’s revenue grew over 3% year-on-year, indicating strong pricing power and brand demand.
The company’s reaffirmed guidance for 2026 includes net revenues of €7.5 billion and an adjusted operating profit of at least €2.22 billion, alongside a target for industrial free cash flow of €1.5 billion or more. This performance highlights Ferrari’s strategic production adjustments amid market challenges, including geopolitical tensions, which did not adversely affect deliveries.
As anticipation builds for the debut of the Ferrari Luce on May 25, market professionals should monitor how this entry into the electric vehicle segment could reshape Ferrari’s growth trajectory and influence investor sentiment in the luxury automotive sector.
Source: cnbc.com