New York, Feb 11, 2026, 06:14 EST — Premarket
- Ferrari (RACE) climbs roughly 3.5% in premarket trading, reaching $375.75.
- Ferrari projected core earnings to rise by at least 6% in 2026 and maintained an order book stretching into late 2027.
- Ferrari’s first all-electric model, the “Luce,” will open for pre-orders this March, with the official unveiling scheduled for May 25 in Rome.
Ferrari N.V. shares climbed 3.5% to $375.75 in U.S. premarket trading Wednesday, building on a strong rally after the luxury automaker unveiled optimistic 2026 goals and new info on its first all-electric model. The stock had closed Tuesday up roughly 8%. (Public)
The timing is crucial. Ferrari’s outlook has come under scrutiny following a rough patch since its October business-plan update, which some investors saw as overly cautious—particularly on electrification. On Tuesday, Ferrari projected at least 6% growth in “core” earnings by 2026 and revealed its order book now extends into late 2027. Demand is driven by premium models like the Amalfi and 849 Testarossa. (Reuters)
Investors are watching closely to see if Ferrari’s scarcity strategy will hold as the brand shifts to electric. CEO Benedetto Vigna revealed that client reactions to the first all-electric Luce have been “very positive,” with pre-orders launching next month. Some customers were eager to pay upfront right away, but “we said no,” he added, sticking firmly to Ferrari’s established process. (Reuters)
Ferrari reported a 7% jump in net revenues for 2025, hitting 7.146 billion euros. Operating profit (EBIT) climbed 12% to 2.11 billion euros, while net profit reached 1.6 billion euros. EBITDA, which stands for earnings before interest, taxes, depreciation, and amortisation, increased 8% to 2.772 billion euros. Industrial free cash flow surged 50%, landing at 1.538 billion euros. Looking ahead to 2026, Ferrari aims for roughly 7.50 billion euros in revenue with a 39% EBITDA margin, driven by its product mix.
Ferrari’s model lineup is packed. The company rolled out six new models in 2025 and is in the middle of a “significant model change-over” that will stretch into 2026. Last year, shipments stayed steady at 13,640 cars by design. In 2026, Ferrari is gearing up to launch five new models, with the Luce among them.
During the earnings call, Vigna mentioned taking journalists to see Luce interiors in San Francisco, emphasizing the brand’s tight control over volumes. “The client is the most important asset of our business model,” he stated. CFO Antonio Picca Piccon added that this product mix allowed Ferrari to “manage the US tariffs evolution,” softening the impact of increased import duties. (Investing)
Traders are keeping an eye on the profit bridge. Ferrari’s “core earnings” metric hinges on adjusted EBITDA, with the company signaling further gains this year as new launches boost pricing power and personalisation revenue.
Ferrari has sharpened its EV messaging. The company confirmed its 2030 lineup will consist of 40% internal combustion, 40% hybrids, and 20% full electric, maintaining a higher proportion of petrol engines than most mass-market automakers currently target.
Still, plenty could go wrong. Currency fluctuations can hit a firm selling worldwide but reporting in euros, while tariffs continue to complicate exports of Europe-made cars to the U.S. If sales of the six-figure electric Ferrari lag behind expectations, or the model transition causes disruption, the margin gains could unravel fast.
