Catenaa, February 10, 2026 – Ferrari delivered a stronger‑than‑expected finish to 2025 and outlined upbeat prospects for the current year. The luxury automaker reported fourth‑quarter earnings that beat consensus forecasts. Its future earnings outlook signals rising core profit.
Ferrari’s revenue in the final quarter rose modestly and topped analyst expectations. The company posted adjusted EBITDA of €700 million, beating the average Reuters estimate. Total revenue hit about €1.8 billion.
For the full fiscal year, Ferrari reported net revenues of €7.146 billion, up around 7%. Operating profit climbed 12% as margins improved. Free cash flow from industrial activities surged roughly 50% year‑on‑year.
CEO Benedetto Vigna highlighted strong global demand for Ferrari’s cars. He said disciplined production and pricing are supporting results. The company’s order book now extends well into late 2027, bolstering near‑term revenue visibility.
Looking ahead, Ferrari forecasts core earnings growth of at least 6% in 2026. Key drivers include new model launches and early feedback for its first electric vehicle, the Luce EV, due in May.
Shares jumped sharply in early trading, rebounding from a sell‑off tied to a more cautious electrification plan late last year. Investors responded positively to the combination of resilient earnings and clearer growth targets.
Analysts at major firms noted that the near-term outlook exceeded forecasts by a moderate margin. Still, they flagged potential risks from global economic uncertainty and evolving EV economics.
Ferrari’s updated guidance aims for EBITDA above €2.9 billion in 2026, reflecting cautious optimism. The company also confirmed its long-term strategy to achieve a balanced mix of combustion, hybrid, and electric models by 2030.
