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Ferrari NV (DE:2FE)
XETRA:2FE
Germany Market

Ferrari (2FE) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
May 05, 2026
TBA (Confirmed)
Period Ending
2026 (Q1)
Consensus EPS Forecast
2.22
Last Year’s EPS
2.3
Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Feb 10, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call highlighted strong financial and operational performance in FY2025 — record revenue (>EUR 7.1bn), robust margins (EBIT margin 29.5%), and exceptional industrial free cash flow (+~50% to >EUR 1.5bn), together with successful product launches and racing achievements. Key near-term headwinds include an acknowledged EUR ~200m FX drag for 2026, tariff impacts, higher SG&A and R&D/F1 costs and model-changeover timing that creates delivery phasing risk. On balance, the company demonstrated execution strength, ample cash generation and a clear strategic roadmap, while flagging manageable but meaningful macro and timing challenges for 2026.
Company Guidance
Ferrari guided 2026 as “another year of growth,” driven by a stronger product mix (with the clearest improvement in H2) and model ramp‑ups, while expecting personalizations to remain around 20% of cars & spare‑parts revenues; higher SG&A (brand, retail and digital), higher D&A, roughly stable R&D on the P&L (with possible F1 volatility) and CapEx slightly above 2025. Management assumes a USD ≈120/EUR rate and flagged a net FX headwind of about €200m (including hedges), an effective tax rate of ≈23% (Patent Box benefit only), and expects industrial free cash flow to stay robust after 2025’s >€1.5bn (≈+50% YoY) generation; 2025 base metrics were revenues >€7.1bn, EBIT >€2.1bn (EBIT margin 29.5%, EBITDA margin 38.8%), shipments kept flat YoY, order book visibility into end‑2027, and the continuation of new‑model launches (7 in production) including F80 ramp and Ferrari Luce full introduction (deliveries starting Q4).
Record Revenue
Net revenues exceeded EUR 7.1 billion in FY2025, representing year-over-year growth of ~8% at constant currency (7% including FX headwinds).
Strong Profitability and Margins
EBIT surpassed EUR 2.1 billion (double-digit growth year-over-year) with an EBIT margin of 29.5% and an EBITDA margin of 38.8% for FY2025.
Industrial Free Cash Flow Surge
Industrial free cash flow exceeded EUR 1.5 billion in 2025, up roughly 50% versus the prior year, supported by increasing profitability and positive working capital dynamics.
Shareholder Remuneration and Buyback Completion
Shareholder returns totaled over EUR 1.3 billion (roughly +30% year-over-year) in dividends and repurchases, and the EUR 2 billion share buyback program was concluded one year ahead of schedule.
Successful Product and Technology Push
Launched six new sports cars in 2025 (including the flagship Ferrari Luce full-electric reveal steps and five additional ICE/hybrid models such as the Amalfi, 849 Testarossa, 296 Speciale and Speciale Aperta), demonstrating horizontal product diversification and technology neutrality.
Racing Triumphs
499P hypercar secured the 2025 FIA World Endurance Championship—Ferrari won both World Manufacturer's and Driver's titles—reinforcing brand performance and technical capability.
Strong Demand Visibility & Client Engagement
Order book provides visibility into the end of 2027; personalization remained important (~20% of cars & spare-parts revenues); museum attendance nearly 900,000 visitors, evidencing strong lifestyle engagement.
Operational and Cost Tailwinds in Q4
Q4 benefited from a lower-than-anticipated cost base, positive product mix, an R&D government grant and reduced racing expenses, allowing the company to exceed 2025 guidance.

Ferrari (DE:2FE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

DE:2FE Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
May 05, 2026
2026 (Q1)
2.22 / -
2.3
Feb 10, 2026
2025 (Q4)
2.10 / 2.14
2.140.00% (0.00)
Nov 04, 2025
2025 (Q3)
2.06 / 2.14
2.082.88% (+0.06)
Jul 31, 2025
2025 (Q2)
2.38 / 2.38
2.293.93% (+0.09)
May 06, 2025
2025 (Q1)
2.28 / 2.30
1.9517.95% (+0.35)
Feb 04, 2025
2024 (Q4)
1.87 / 2.14
1.6232.10% (+0.52)
Nov 05, 2024
2024 (Q3)
1.99 / 2.08
1.8214.29% (+0.26)
Aug 01, 2024
2024 (Q2)
2.04 / 2.29
1.8325.14% (+0.46)
May 07, 2024
2024 (Q1)
1.87 / 1.95
1.6220.37% (+0.33)
Feb 01, 2024
2023 (Q4)
1.48 / 1.62
1.2133.88% (+0.41)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

DE:2FE Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 10, 2026
€281.50€309.90+10.09%
Nov 04, 2025
€339.60€351.20+3.42%
Jul 31, 2025
€436.10€385.50-11.60%
May 06, 2025
€410.40€417.00+1.61%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ferrari NV (DE:2FE) report earnings?
Ferrari NV (DE:2FE) is schdueled to report earning on May 05, 2026, TBA (Confirmed).
    What is Ferrari NV (DE:2FE) earnings time?
    Ferrari NV (DE:2FE) earnings time is at May 05, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is the P/E ratio of Ferrari NV stock?
          The P/E ratio of Ferrari is N/A.
            What is DE:2FE EPS forecast?
            DE:2FE EPS forecast for the fiscal quarter 2026 (Q1) is 2.22.

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