Ferrari Reports Strong 2025 Results, Exceeding Targets; Issues Positive 2026 Guidance
Summary
Ferrari N.V. reported strong financial results for 2025, exceeding targets with significant growth in revenues and profitability, and provided positive guidance for 2026.
Key Events
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Strong 2025 Financial Performance
Net revenues increased 7% to Euro 7.15 billion, operating profit rose 12% to Euro 2.11 billion, and industrial free cash flow surged 50% to Euro 1.54 billion.
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Exceeded Financial Targets
The company surpassed its 2025 financial targets and achieved its 2026 Capital Markets Day targets one year in advance, driven by strong product mix and personalizations.
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Positive 2026 Guidance Issued
Ferrari forecasts continued growth with targeted net revenues of Euro ~7.50 billion, adjusted EBITDA of at least Euro 2.93 billion, and diluted EPS of at least Euro 9.45 for 2026.
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New Electric Sports Car Unveiled
The company announced the name and interior design of its new full-electric sports car, Ferrari Luce, with its world premiere scheduled for May 2026.
Analysis
Ferrari N.V. delivered robust financial performance in 2025, surpassing its own targets and achieving 2026 financial goals a year ahead of schedule. The company demonstrated significant growth across key metrics, including a 7% increase in net revenues, a 12% rise in operating profit, and a 50% surge in industrial free cash flow. This strong performance was driven by a rich product mix, personalizations, and strategic sponsorships, with demand extending the order book through 2027. The positive momentum is expected to continue into 2026, supported by optimistic guidance for revenues, EBITDA, EBIT, and EPS. Additionally, the company announced the unveiling of its new full-electric sports car, Ferrari Luce, signaling future product innovation.
At the time of this filing, RACE was trading at $364.82 on NYSE in the Manufacturing sector, with a market capitalization of approximately $79.5B. The 52-week trading range was $328.00 to $519.10. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.