Ferrari projects at least a 6% core profit boost in 2026, driven by five new supercars and its debut electric model, sparking a sharp stock surge. Read more now.
Ferrari has raised its outlook for 2026, promising a minimum 6% increase in core earnings. The boost is expected to come from a fresh lineup of high‑performance models and the automaker’s inaugural electric supercar, which together have already sent the Milan‑listed shares soaring.
New Supercars Power the Outlook
The Italian marque unveiled five flagship supercars last year, and it plans to add another five models in 2026. Among the upcoming releases is the much‑anticipated Ferrari Luce, the brand’s first fully electric vehicle slated for a May 2026 launch. CEO Benedetto Vigna told reporters that pre‑orders for the Luce, which open next month, have been “extremely positive”.
Robust Order Book Extends Through 2027
Ferrari’s order book is now filled nearly to the end of 2027. The two most sought‑after models are the Amalfi (≈ €240,000 / $286,000) and the 849 Testarossa (≈ €460,000 / $548,000). Vigna emphasized that demand remains “strong and disciplined across all markets,” fitting the company’s exclusive business model.
Strategic Production Management
Deliveries last year totaled 13,640 units, a slight dip of 112 cars versus 2024. Ferrari explained that the modest reduction is part of a deliberate strategy to ease pressure during a major product‑portfolio transition, a process expected to continue into 2026.
Financial Projections
The company forecasts adjusted EBITDA of more than €2.93 billion for 2026, up from the €2.77 billion projected for 2025. In 2025, Ferrari generated over €1.5 billion in operating cash flow, a 50% increase year‑over‑year.
Analyst Reaction
JP Morgan analysts called the results a “strong full‑year performance,” noting that the 2026 outlook sits above the market consensus. Adjusted EBITDA for Q4 2025 rose 9% to €700 million, beating the Reuters poll estimate of €668 million.
Share Price Rally
Following the earnings release, Ferrari shares jumped roughly 9% by 15:45 GMT. The rally follows a period where the stock had lost almost a third of its value since early October, after the company’s previous strategic plan was deemed overly cautious by some investors.
Electrification Roadmap
Looking ahead to 2030, Ferrari now targets a product mix of 40% internal‑combustion engines, 40% hybrids, and 20% pure electric cars. This marks a shift from its earlier ambition of 40% electric, 40% hybrid, and 20% combustion, reflecting a more measured approach to electrification.
With a refreshed model lineup, a clear EV strategy, and a solid financial outlook, Ferrari appears well positioned to maintain its luxury‑performance heritage while embracing the future.