New York, February 10, 2026, 10:32 EST — Regular session
- Ferrari shares jumped roughly 9% following its fourth-quarter report and the release of new 2026 targets.
- Ferrari said its order book runs through late 2027, with fresh models on deck for this year.
- The company plans to start taking pre-orders for its “Luce” electric model in March, with the official debut set for May 25 in Rome.
Ferrari N.V. jumped 8.6% to $364.92 in early New York trading Tuesday, as investors cheered quarterly results that beat expectations. The luxury automaker also stuck to its 2026 growth guidance, fueling the rally.
This shift carries weight: the stock’s been under pressure ever since the October strategy update, which left some investors wary. Now, the company is pitching markets on stable margins, just as it approaches the debut of its first all-electric model.
Ferrari reported a 7% jump in 2025 net revenues, reaching 7.146 billion euros. Operating profit posted a steeper climb, up 12% to 2.11 billion euros. Industrial free cash flow shot up 50% to 1.538 billion euros. Shipments, though, edged down for the year—13,640 vehicles, compared to 13,752 previously.
Ferrari is projecting roughly 7.5 billion euros in revenue for 2026, aiming for a 39% EBITDA margin. For 2025, the company reported EBITDA at 2.772 billion euros, which excludes interest, tax, and non-cash expenses.
Capital returns got some attention too. Ferrari disclosed it scooped up 53,150 common shares on Euronext Milan from Feb. 2 to Feb. 6, shelling out roughly 15.1 million euros. As of Feb. 6, the carmaker’s treasury stock made up 8.71% of its issued common shares.
The product calendar is now in focus. Ferrari plans to start Luce pre-orders this March—the company’s inaugural all-electric car. CEO Benedetto Vigna called recent client feedback in San Francisco “very positive.” Reuters
Ferrari will unveil the Luce in Rome on May 25. The automaker now targets a 2030 lineup split: 40% combustion, 40% hybrid, and 20% fully electric—dialing back an earlier, more aggressive EV goal.
Ferrari’s comments on pricing and costs are also drawing investor attention, with the sector navigating changes in trade policy and figuring out the math on luxury EVs. The company insists that careful control of production underpins its pricing strength—though the arrival of new tech puts that claim under the microscope.
“Discipline” remains a recurring theme in Vigna’s recent comments to investors, as the company faces questions over looming U.S. tariff risks and analysts continue to puzzle over the timeline for ultra-luxury buyers to shift to battery-only cars. Financial Times
Even with today’s surge, there’s pressure. If buyers don’t stick around, rallies sparked by guidance can unravel—especially when investors think the price already assumes another flawless year.
Coming up: March pre-orders open for the Luce. Then there’s the model premiere in Rome on May 25, and Ferrari’s next earnings report lands May 5.
