Ferrari CEO Benedetto Vigna expressed satisfaction with the launch of the Luce, the company's first all-electric vehicle, despite significant criticism and a drop in Ferrari's shares following its debut. The Luce, priced at around 550,000 euros, has order books full through 2027, with nearly 500 units reportedly sold within two months of its May launch. Designed by former Apple design chief Jony Ive, the car features a minimalist interior and a unique exterior, marking a departure from traditional Ferrari designs. Ferrari plans to continue its rollout strategy, emphasizing the car's innovations to ensure customer understanding and acceptance.
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'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 5...
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...
