Ferrari N.V. (RACE) Earnings Call Transcripts

Ferrari N.V.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Ferrari N.V. reported revenues of approximately EUR 1.85 billion, marking a 6% growth year-over-year at constant currency. EBITDA reached over EUR 75 million, with industrial free cash flow exceeding EUR 650 million, reflecting strong operational performance despite geopolitical challenges. Management confirmed guidance for the year, indicating a more balanced profitability distribution between H1 and H2, which may influence investor sentiment moving forward.

Reported metrics

Guidance from management

Management confirmed guidance for the year, indicating a more balanced profitability distribution between H1 and H2 due to adjustments in product and country mix allocations.

What management said

Look, I think that we believe in the [ three propulsion ] going ahead. We already knew about this discussion with FIA. I mean this is not something that you read now, but this is a discussion that is since a while. So in October, we don't change our view of the last October, okay? I think that there is a need for sure to review a little bit every 5 years like they do, the regulation over there in FIA, but there is no...

For the other thing, Monica, we don't see -- we don't have problems for the supply chain, and we don't see this inflationary force moving up. So that's where we are. I would like to say also that this is important because we always take care, I would say, of the suppliers. And this is also one of the reasons why they are supporting us when the things require a strong cooperation in unity among all of us. I think that...

What analysts pressed on

Analysts expressed concerns regarding the impact of geopolitical tensions on future deliveries, particularly in the EMEA region. There were also questions about the potential effects of rising oil prices on luxury consumer behavior.

Main topics on the call

• Revenue Growth — Ferrari achieved a revenue of approximately EUR 1.85 billion, which represents a 6% growth year-over-year at constant currency. Management noted, 'All our business dimensions contributed positively with the Sports Car mi...
• Order Book Strength — The order book has extended towards the end of 2027, with management stating, 'Our clients from all over the world have continued to attend our events and to show interest in our brand.' This indicates strong future dema...
• Profitability Guidance — Management confirmed guidance for the year, stating that profitability is expected to be more evenly spread between H1 and H2. 'We have adapted our planning for the year, resulting in a more evenly spread profitability b...
• New Model Launches — The upcoming launch of the Ferrari Luce is highly anticipated, with over 60 patents registered. Management expressed excitement, stating, 'There is much anticipation and curiosity from clients.'

Read the full Ferrari N.V. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 31 Ferrari N.V. earnings call transcripts on record, spanning February 4, 2020 to July 30, 2026. Based on this history, Ferrari N.V. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

RACE

Exchange

BIT

Country

IT

Sector

Consumer Discretionary

Industry

Automobiles

Calls on record

31

First call

February 4, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly