Ferrari Q1 Revenues Rise 3% to €1.85B; EBIT Margin at 29.7%
Ferrari reported Q1 net revenues of €1,848 million, up 3% year-over-year (6% constant currency), with EBIT of €548 million and a 29.7% margin. EBITDA rose 4% to €722 million, net profit reached €413 million with diluted EPS of €2.33, and industrial free cash flow climbed 5% to €653 million.
1. Q1 Financial Results
In the first quarter, Ferrari achieved net revenues of €1,848 million, up 3% versus last year (6% at constant currency). Operating profit reached €548 million with a 29.7% margin, EBITDA was €722 million at a 39.1% margin, net profit was €413 million (diluted EPS €2.33), and industrial free cash flow totaled €653 million, up 5%.
2. Mix and Model Delivery Trends
The enriched sports car mix and higher personalization drove revenue growth, while deliveries were set at 3,436 units to facilitate model change-over. Shipments of the 12Cilindri, Purosangue and SF90 XX families increased; first deliveries of the 296 Speciale, Amalfi and 849 Testarossa commenced, and F80 ramp-up continued.
3. Guidance and Product Pipeline
Ferrari confirmed its full-year 2026 guidance alongside an order book extending into late 2027. With the Ferrari Luce world premiere in twenty days, the company highlights new technologies blending tradition and innovation to sustain future growth.