Trending Now - Ferrari Surpasses Q1 Profit Projections Before EV Launch
WHO:
CNBC - Ferrari CEO Benedetto Vigna
WHAT:
CNBC - Ferrari reported earnings per share of 2.33 euros (US $2.72) adjusted, exceeding the expected 2.27 euros.
CNBC - Ferrari's revenue for the first quarter was 1.85 billion euros, surpassing the expected 1.81 billion euros.
Bloomberg Markets - Ferrari's first-quarter earnings rose, driven by higher prices and a richer mix of supercars.
CNBC - Deliveries decreased by 4.4% year-over-year to 3,436 units.
CNBC - Ferrari's 2026 guidance includes net revenues of 7.5 billion euros and an adjusted operating profit of at least 2.22 billion euros, or 9.45 euros adjusted EPS.
CNBC - The company targets an industrial free cash flow of 1.5 billion euros or more for the year.
WHERE:
CNBC - The company is based in Detroit.
WHEN:
CNBC - The debut of Ferrari's first fully electric vehicle, the Luce, is scheduled for May 25.
WHY:
CNBC - Ferrari slowed production to ease the execution of the planned model change-over.
CNBC - Deliveries were not impacted by the surge of hostilities in the Middle East due to Ferrari's geographical allocation flexibility.
HOW:
CNBC - Ferrari leveraged its geographical allocation flexibility to bring forward certain deliveries to other regions.
(UPDATED May 5, 2026 13:26 UTC)
Ferrari has reported impressive first-quarter earnings, with adjusted earnings per share reaching 2.33 euros, surpassing expectations of 2.27 euros, and revenue hitting 1.85 billion euros, exceeding the anticipated 1.81 billion euros. Despite a 4.4% decline in deliveries year-over-year to 3,436 units, the company is optimistic about its future, projecting net revenues of 7.5 billion euros and an adjusted operating profit of at least 2.22 billion euros for 2026, along with the debut of its first fully electric vehicle, the Luce, set for May 25. The company, based in Detroit, has managed to mitigate the impact of global challenges on deliveries by leveraging its geographical allocation flexibility.