Ferrari Surpasses Q1 Earnings Estimates Ahead of Electric Vehicle Debut

Ferrari reported adjusted earnings per share of 2.33 euros ($2.72), outperforming analyst expectations of 2.27 euros. Revenue reached 1.85 billion euros despite a 4.4% decline in vehicle deliveries to 3,436 units. The company attributed the drop to a deliberate production pause for portfolio adjustments.

The luxury automaker reaffirmed its 2026 targets, projecting net revenues of 7.5 billion euros with an operating profit of at least 2.22 billion euros. All eyes now turn to the May 25 unveiling of Ferrari's first fully electric model, the Luce. CEO Benedetto Vigna reports unprecedented demand, with the launch event already overbooked.

While Ferrari charges toward its electric future, the broader EV sector faces headwinds. Ford Motor continues developing next-generation EVs despite mounting losses across the industry.