Strong Earnings Performance#
Ferrari NV (RACE) delivered impressive financial results for the first quarter of 2026, exceeding analysts' predictions. The company reported an earnings per share (EPS) of €2.69, surpassing the expected €2.37 by 13.5%. Additionally, Ferrari's revenue reached €2.14 billion, which was 16.94% higher than the forecast of €1.83 billion.
Key Financial Metrics#
Ferrari's strong performance was driven by a favorable mix of sports cars and enhanced personalization options. The company achieved a 6% revenue growth at constant currency, with an EBITDA margin of 39.1%, indicating effective operational management. Other highlights include a gross profit margin of 52% and a return on equity of 43%, showcasing Ferrari's premium market position and efficient capital use.
Market Reaction#
Despite these positive earnings, Ferrari's stock price fell by 4.12% in pre-market trading, dropping to €334.36. This decline may reflect investor concerns regarding broader market conditions and geopolitical instability. Currently, the stock is trading just 4% above its 52-week low of €312.51, with a high of €519.10 in the same period.
Future Outlook#
Looking ahead, Ferrari maintains a strong outlook with EPS forecasts of €2.81 and €2.95 for the upcoming quarters. Revenue projections for the year remain robust, indicating continued growth potential for the luxury automaker.