Ferrari beats first-quarter estimates and keeps 2026 outlook

Ferrari reported firstquarter results that came in above Wall Street expectations and left its fullyear guidance unchanged, as the luxury automaker prepares to unveil its first fully electric vehicle later this month. The company said adjusted earnings per share were 2.33 euros, or $2.72, on revenue of 1.85 billion euros. Both figures were ahead of analysts’ estimates. Revenue rose more than 3% from a year earlier, while adjusted profit also increased. Ferrari said deliveries fell 4.4% to 3,436 vehicles because it slowed production during a planned model changeover. The company also said shipments were not affected by tensions in the Middle East, citing flexibility in reallocating deliveries across regions. Ferrari’s EV debut, called the Luce, is scheduled for May 25.