Ferrari (NYSE:RACE) reported fourth quarter and full-year financial results above expectations, sending US-listed shares of the Italian luxury carmaker up 9% on Tuesday morning.
For the fourth quarter, Ferrari posted net revenue of €1.8 billion, exceeding the consensus estimate of €1.77 billion.
Net profit for the period was €381 million, compared with the forecast of €374 million.
For the full year 2025, Ferrari reported net revenues of €7.15 billion, a 7% increase from the prior year.
Operating profit (EBIT) rose 12% to €2.11 billion, representing a margin of 29.5%. Net profit for the year reached €1.6 billion, with diluted EPS of €8.96.
Looking ahead, Ferrari provided guidance for 2026, targeting revenues of approximately €7.5 billion and an EBITDA margin of 39%, driven by a strong product mix.
“In 2025, Ferrari confirmed the strength of its carefully-managed volume strategy, pursuing value,” Ferrari CEO Benedetto Vigna said in a statement. “Demand for Ferrari remains very solid and is managed with discipline in every market, reflecting our exclusivity model: our order book extends towards the end of 2027.”
