Ferrari Surges 10% on Wall Street after Reporting Strong Earnings

The Italian brand expects its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to reach at least €2.93B.

It would be a shame to keep such cars off the road

Quick overview

  • Ferrari has strengthened its financial outlook for the current fiscal year, projecting results that exceed market expectations.
  • The company reported a net profit of approximately €1.6 billion for 2025, reflecting a 5% year-over-year increase.
  • Ferrari's order book extends through late 2027, indicating strong demand and revenue visibility.
  • The launch of new models, including its first fully electric vehicle, is a key component of Ferrari's growth strategy for 2026.

Ferrari, the iconic luxury sports carmaker, strengthened its financial outlook for the current fiscal year, projecting solid results that slightly exceed market expectations and underscore the resilience of its business model despite a challenging global economic backdrop.

The prancing horse logo sits on the wheel hub of a Ferrari F12 Berlinetta luxury automobile, produced by Ferrari SpA, inside a Ferrari SpA dealership in Budapest, Hungary, on Tuesday, Dec. 1, 2015. Ferrari, the supercar maker being spun off from Fiat Chrysler Automobiles NV, sees profit rising as much as 7.5 percent this year after reporting a 35 percent jump in the third quarter on higher sales of cars likes the California roadster. Photographer: Akos Stiller/Bloomberg

The Italian brand expects its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to reach at least €2.93 billion in 2026, beating the average forecast from analysts.

These projections reflect strong momentum at the end of 2025. In the final quarter of the year, Ferrari reported core earnings of €700 million on total revenue of €1.8 billion, both above Wall Street expectations. The robust quarterly performance helped reinforce the company’s outlook and boosted investor confidence.

Ferrari posts strong financial results

For full-year 2025, Ferrari delivered very healthy results, posting a net profit of approximately €1.6 billion, up 5% year over year. Total net revenues reached €7.146 billion, representing 7% growth, while EBITDA came in close to €2.8 billion, confirming the brand’s strong profitability.

Ferrari also highlighted that demand for its vehicles remains strong and tightly managed, with an order book extending through late 2027. This solid backlog supports revenue visibility and helps preserve brand exclusivity—one of the key pillars behind its high margins in the luxury segment.

New models

Another key driver of Ferrari’s growth strategy for 2026 is the launch of new models, including the highly anticipated debut of its first fully electric vehicle (EV), called Luce, scheduled for release in May this year.

The expansion of its lineup across internal combustion, hybrid, and electric models is part of a broader strategy to diversify its offering and serve different segments of high-end customers willing to pay for exclusivity and performance.

ABOUT THE AUTHOR See More
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.

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