Ferrari Q1 2026 Earnings Call Highlights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy RACE?
Source: seekingalpha
- Strong Financial Performance: Ferrari reported Q1 revenues nearing EUR 1.85 billion, reflecting a 6% year-over-year growth at constant currency and a 3% increase including currency headwinds, demonstrating resilience and profitability amid uncertainty.
- Growing Order Book: CEO Vigna noted that the order book has further extended towards the end of 2027, with over 500 test drives conducted in the past two months, indicating sustained market demand despite conflicts in the Middle East.
- Upcoming Product Launch: The world premiere of the electric Ferrari Luce is set for May 25 in Rome, with over 60 patents registered, expected to serve as a significant sales catalyst and further solidify the brand's position in the luxury market.
- Adjusted Profitability Outlook: CFO Picca Piccon highlighted that profitability for 2026 will be more evenly spread between H1 and H2, reflecting the company's flexible response to product mix and market demand, ensuring ongoing financial health.
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Analyst Views on RACE
Wall Street analysts forecast RACE stock price to rise
15 Analyst Rating
11 Buy
3 Hold
1 Sell
Moderate Buy
Current: 338.910
Low
349.74
Averages
448.83
High
555.00
Current: 338.910
Low
349.74
Averages
448.83
High
555.00
About RACE
Ferrari NV, known as Ferrari, is an Italy-based designer, manufacturer and retailer of sports cars that is incorporated in the Netherlands. It operates under the Ferrari brand. Its sports cars portfolio includes, among others, F12berlinetta, FF, Ferrari 488 GTB, 488 Spider, 458 Speciale, Ferrari California T, F12tdf and LaFerrari. The Company also offers financing services through Ferrari Financial Services. It also produces limited series and one-off cars. The Company divides its regional markets in EMEA (Europe, the Middle East, India and Africa), Americas, Greater China and Rest of APAC (Asia-Pacific region, excluding Greater China) and is active in over 60 markets worldwide through a network of authorized dealers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ferrari Q1 2026 Earnings Call Highlights
- Strong Financial Performance: Ferrari reported Q1 revenues nearing EUR 1.85 billion, reflecting a 6% year-over-year growth at constant currency and a 3% increase including currency headwinds, demonstrating resilience and profitability amid uncertainty.
- Growing Order Book: CEO Vigna noted that the order book has further extended towards the end of 2027, with over 500 test drives conducted in the past two months, indicating sustained market demand despite conflicts in the Middle East.
- Upcoming Product Launch: The world premiere of the electric Ferrari Luce is set for May 25 in Rome, with over 60 patents registered, expected to serve as a significant sales catalyst and further solidify the brand's position in the luxury market.
- Adjusted Profitability Outlook: CFO Picca Piccon highlighted that profitability for 2026 will be more evenly spread between H1 and H2, reflecting the company's flexible response to product mix and market demand, ensuring ongoing financial health.
See More
Ferrari Beats Q1 Earnings Expectations Ahead of EV Launch
- Earnings Beat: Ferrari reported Q1 earnings per share of €2.33, surpassing the expected €2.27, indicating strong performance in the luxury market and reinforcing brand value.
- Revenue Growth: The company achieved €1.85 billion in revenue for Q1, up over 3% from €1.79 billion in the same period last year, reflecting sustained demand and sales capability in the high-end automotive sector.
- Future Guidance: Ferrari projects net revenues of €7.5 billion and adjusted operating profit of at least €2.22 billion for 2026, demonstrating confidence in future growth, particularly with its electric vehicle strategy.
- Delivery Insights: Although deliveries fell 4.4% year-over-year to 3,436 units, Ferrari attributed this to planned model changes and noted that the situation was not impacted by Middle Eastern conflicts, showcasing its geographical allocation flexibility.
See More
Ferrari Beats Q1 Earnings Expectations Ahead of Electric Vehicle Launch
- Earnings Beat: Ferrari reported an adjusted EPS of €2.33, surpassing the expected €2.27, with revenues of €1.85 billion exceeding estimates of €1.81 billion, indicating strong performance in the luxury market.
- Guidance Reaffirmed: The company reaffirmed its 2026 targets of €7.5 billion in net revenues and at least €2.22 billion in adjusted operating profit, reflecting confidence in future growth, particularly in the electric vehicle sector.
- Delivery Decline: Despite a 4.4% year-over-year drop in deliveries to 3,436 units, Ferrari stated this was a strategic decision to ease the execution of planned model changes, showcasing flexibility in production management.
- Upcoming EV Launch: With the debut of the Luce, Ferrari's first fully electric vehicle, set for May 25, the CEO emphasized the blend of tradition and innovation in this model, signaling a strategic shift towards electric vehicles that enhances brand competitiveness.
See More
Ferrari Q1 2023 Earnings Report Analysis
- Earnings Highlights: Ferrari reported a Q1 non-GAAP EPS of €2.33, missing expectations by €0.04, indicating some pressure on profitability.
- Revenue Growth: The company achieved revenues of €1.85 billion, a 3.4% year-over-year increase, exceeding market expectations by €20 million, reflecting strong demand in the luxury market.
- EBITDA Performance: EBITDA stood at €722 million with a margin of 39.1%, up 4% from the previous year and 9% at constant currency, demonstrating improved operational efficiency.
- Cash Flow Status: Industrial free cash flow reached €653 million, a 5% increase year-over-year, providing a solid foundation for future investments and shareholder returns.
See More
European Stocks Expected to Open Lower Amid Iran Conflict Concerns
- Market Reaction: European stocks are expected to open mostly lower on Tuesday as the fragile ceasefire between the U.S. and Iran appears close to collapse, with Germany's DAX and France's CAC 40 down 0.4% each, and Italy's FTSE MIB down 0.1%, indicating investor sensitivity to geopolitical risks.
- Oil Price Volatility: Oil prices surged on Monday as traders assessed Middle East developments, reflecting concerns over the potential for prolonged conflict to lead to a global recession, although prices declined overnight.
- U.S. Warning: President Trump warned Iran in a Fox News interview that it would be
See More
Ferrari to Announce Q1 Earnings on May 5th
- Earnings Announcement: Ferrari is set to release its Q1 2023 earnings report on May 5th before market open, with consensus EPS estimated at $2.79 and revenue expected to reach $2.15 billion, reflecting a 20.1% year-over-year growth that underscores its robust performance in the luxury market.
- Performance Consistency: Over the past year, Ferrari has beaten both EPS and revenue estimates 100% of the time, demonstrating financial stability and market confidence, even though EPS estimates have seen one upward and one downward revision in the last three months, the overall trend remains positive.
- Revenue Forecast Upgrades: In the last three months, revenue estimates for Ferrari have experienced three upward revisions with no downward adjustments, indicating optimistic market expectations for future sales growth, particularly against the backdrop of ongoing luxury consumption growth.
- Industry Impact: With the Trump administration's trade tariffs affecting European automakers, Ferrari's performance will be closely monitored; while it continues to show strength in the luxury market, the challenges faced by the broader industry may impact investor confidence.
See More
Ferrari Q1 2026 Earnings Call Highlights
- Strong Financial Performance: Ferrari reported Q1 revenues nearing EUR 1.85 billion, reflecting a 6% year-over-year growth at constant currency and a 3% increase including currency headwinds, demonstrating resilience and profitability amid uncertainty.
- Growing Order Book: CEO Vigna noted that the order book has further extended towards the end of 2027, with over 500 test drives conducted in the past two months, indicating sustained market demand despite conflicts in the Middle East.
- Upcoming Product Launch: The world premiere of the electric Ferrari Luce is set for May 25 in Rome, with over 60 patents registered, expected to serve as a significant sales catalyst and further solidify the brand's position in the luxury market.
- Adjusted Profitability Outlook: CFO Picca Piccon highlighted that profitability for 2026 will be more evenly spread between H1 and H2, reflecting the company's flexible response to product mix and market demand, ensuring ongoing financial health.
See More
Ferrari Beats Q1 Earnings Expectations Ahead of EV Launch
- Earnings Beat: Ferrari reported Q1 earnings per share of €2.33, surpassing the expected €2.27, indicating strong performance in the luxury market and reinforcing brand value.
- Revenue Growth: The company achieved €1.85 billion in revenue for Q1, up over 3% from €1.79 billion in the same period last year, reflecting sustained demand and sales capability in the high-end automotive sector.
- Future Guidance: Ferrari projects net revenues of €7.5 billion and adjusted operating profit of at least €2.22 billion for 2026, demonstrating confidence in future growth, particularly with its electric vehicle strategy.
- Delivery Insights: Although deliveries fell 4.4% year-over-year to 3,436 units, Ferrari attributed this to planned model changes and noted that the situation was not impacted by Middle Eastern conflicts, showcasing its geographical allocation flexibility.
See More
Ferrari Beats Q1 Earnings Expectations Ahead of Electric Vehicle Launch
- Earnings Beat: Ferrari reported an adjusted EPS of €2.33, surpassing the expected €2.27, with revenues of €1.85 billion exceeding estimates of €1.81 billion, indicating strong performance in the luxury market.
- Guidance Reaffirmed: The company reaffirmed its 2026 targets of €7.5 billion in net revenues and at least €2.22 billion in adjusted operating profit, reflecting confidence in future growth, particularly in the electric vehicle sector.
- Delivery Decline: Despite a 4.4% year-over-year drop in deliveries to 3,436 units, Ferrari stated this was a strategic decision to ease the execution of planned model changes, showcasing flexibility in production management.
- Upcoming EV Launch: With the debut of the Luce, Ferrari's first fully electric vehicle, set for May 25, the CEO emphasized the blend of tradition and innovation in this model, signaling a strategic shift towards electric vehicles that enhances brand competitiveness.
See More
Ferrari Q1 2023 Earnings Report Analysis
- Earnings Highlights: Ferrari reported a Q1 non-GAAP EPS of €2.33, missing expectations by €0.04, indicating some pressure on profitability.
- Revenue Growth: The company achieved revenues of €1.85 billion, a 3.4% year-over-year increase, exceeding market expectations by €20 million, reflecting strong demand in the luxury market.
- EBITDA Performance: EBITDA stood at €722 million with a margin of 39.1%, up 4% from the previous year and 9% at constant currency, demonstrating improved operational efficiency.
- Cash Flow Status: Industrial free cash flow reached €653 million, a 5% increase year-over-year, providing a solid foundation for future investments and shareholder returns.
See More
European Stocks Expected to Open Lower Amid Iran Conflict Concerns
- Market Reaction: European stocks are expected to open mostly lower on Tuesday as the fragile ceasefire between the U.S. and Iran appears close to collapse, with Germany's DAX and France's CAC 40 down 0.4% each, and Italy's FTSE MIB down 0.1%, indicating investor sensitivity to geopolitical risks.
- Oil Price Volatility: Oil prices surged on Monday as traders assessed Middle East developments, reflecting concerns over the potential for prolonged conflict to lead to a global recession, although prices declined overnight.
- U.S. Warning: President Trump warned Iran in a Fox News interview that it would be
See More
Ferrari to Announce Q1 Earnings on May 5th
- Earnings Announcement: Ferrari is set to release its Q1 2023 earnings report on May 5th before market open, with consensus EPS estimated at $2.79 and revenue expected to reach $2.15 billion, reflecting a 20.1% year-over-year growth that underscores its robust performance in the luxury market.
- Performance Consistency: Over the past year, Ferrari has beaten both EPS and revenue estimates 100% of the time, demonstrating financial stability and market confidence, even though EPS estimates have seen one upward and one downward revision in the last three months, the overall trend remains positive.
- Revenue Forecast Upgrades: In the last three months, revenue estimates for Ferrari have experienced three upward revisions with no downward adjustments, indicating optimistic market expectations for future sales growth, particularly against the backdrop of ongoing luxury consumption growth.
- Industry Impact: With the Trump administration's trade tariffs affecting European automakers, Ferrari's performance will be closely monitored; while it continues to show strength in the luxury market, the challenges faced by the broader industry may impact investor confidence.
See More
