Ferrari's first electric vehicle, the Luce, faced early criticism and caused an 8% drop in Ferrari's stock after its reveal. Critics compared its design unfavorably and doubted its market success. However, Ferrari reached its sales target of nearly 500 units within just two months, with a significant portion expected to be sold in China. The Luce's design, partly by Jony Ive, appeals to Ferrari's loyal and affluent customer base, who value both performance and brand prestige. Early reviews praise its driving experience, suggesting Ferrari's strong brand and quality can overcome initial skepticism.
Ferrari reported Q2 2026 net revenues of €1.94 billion, up 8% year-on-year, driven by a richer product mix and increased personalization sales. Operating profit rose 10% to €605 million with a margin of 31.2%, while net profit grew 9% to €463 million...
Ferrari has raised its 2026 financial guidance following stronger-than-expected second-quarter results, with earnings per share of 2.62 euros and revenue of 1.94 billion euros surpassing Wall Street estimates. The company reported a 9% increase in ne...
Ferrari N.V. has purchased 608,711 of its own shares worth approximately €183 million as part of the second tranche of its multi-year €3.5 billion share buyback program announced in 2025. The buybacks occurred on both the Euronext Milan and NYSE exch...
