Ferrari's Q1 prelim revenue beats estimates, helped by higher personalizations

Ferrari NV

05/05/2026 12:03

Overview

Italy luxury sports car maker's preliminary Q1 revenue rose 3% yr/yr, beating analyst expectations

Q1 adjusted EPS increased slightly yr/yr; industrial free cash flow grew 5%

Company confirmed 2026 guidance and launched new EUR 250 mln share buyback tranche

Outlook

Ferrari confirms 2026 guidance with net revenues of ~EUR 7.50 bln

Company expects adj EBITDA of at least EUR 2.93 bln and adj EBIT of at least EUR 2.22 bln in 2026

Ferrari anticipates negative currency impact and higher D&A from new model launches in 2026

Result Drivers

RICHER PRODUCT MIX - Higher personalizations and strong country mix, especially in the Americas, contributed to revenue and profit growth

RACING AND SPONSORSHIP - Higher racing revenues mainly driven by increased sponsorships and engine rentals to other Formula 1 teams

LIFESTYLE AND BRAND ACTIVITIES - Growth in licensing and brand initiatives, including new store openings and exhibitions, supported top-line growth

Company press release: ID:nGNE9lHprn

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
EUR 1.85 bln
EUR 1.81 bln (7 Analysts)
Q1 Free Cash Flow
From Industrial Activities
EUR 653 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the auto & truck manufacturers peer group is "buy"

Wall Street's median 12-month price target for Ferrari NV is €370.50, about 27.3% above its May 4 closing price of €291.05

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 30 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)