Ferrari beats Q1 earnings estimates, confirms 2026 targets ahead of Luce EV debut
Ferrari reported €1.85 billion in revenue for the first quarter, surpassing analyst expectations. The Italian luxury automaker reaffirmed its 2026 financial targets as it prepares to launch its first fully electric vehicle, the Luce. The strong quarterly performance was driven by robust demand for its high-margin customizations and limited-edition models. Ferrari's shares rose following the announcement. The Luce EV is expected to debut later this year, marking a significant shift for the brand known for its combustion engines.
Key facts
- Ferrari posted €1.85 billion in Q1 revenue.
- Earnings beat analyst estimates.
- Company confirmed 2026 financial targets.
- First electric vehicle named Luce is set to debut.
- Strong demand for customizations and limited editions drove results.
- Shares rose after earnings announcement.
Entities
Institutions
- Ferrari
Locations
- Italy
Sources
- Quartz —