Ferrari N.V. is a renowned automotive manufacturer primarily engaged in the creation, engineering, production, and sale of an exclusive range of high-performance ...
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Est. EPS $2.45 · Revenue $1.94B · 1 analysts
Est. EPS $2.60 · Revenue $1.98B · 1 analysts
Est. EPS $10.01 · Revenue $7.77B · 10 analysts
Est. EPS $2.59 · Revenue $2.04B · 1 analysts
EPS €2.61 · Revenue €1.93B
$3.62 per share
$3.62 per share
EPS €2.34 · Revenue €1.85B
EPS €8.96 · Revenue €7.15B
EPS €2.14 · Revenue €1.77B
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $7.1B | +7.0% | +4.7% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $1.6B | +4.9% | +11.8% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +51.7% | +3.1% | +1.5% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +29.3% | +3.6% | +6.0% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +22.3% | -2.0% | +6.8% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $2.7B | +183.5% | -55.0% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +37.2% | +164.9% | -57.0% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 73.8% | -22.2% | +19.6% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.02x | -40.0% | -1.6% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $9.6B | +1.4% | -0.8% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 8.96 vs 8.94 | +0.2% | 2.61 vs 2.50 | +4.4% |
| Revenue Surprise | $7.1B vs $7.1B | +0.5% | $1.9B vs $1.9B | +3.5% |
Operator: Good day, and thank you for standing by. Welcome to the Ferrari 2026 Second Quarter Conference Call and webcast. Please be advised that today's conference is being recorded. I would now like to hand the conference over to our first speaker today, Nicoletta Russo, Head of Investor Relations. Please go ahead. Nicoletta Russo: Thank you, Nadia, and welcome to everyone who is joining us. Today, we plan to cover the group's Q2 2026 operating results, and the duration of this call is expected to be around 45 minutes. The call will be hosted by the Group CEO, Mr. Benedetto Vigna, and Group CFO, Mr. Antonio Piccon. All relevant materials are available in the Investors section of the Ferrari corporate website. And at the end of the presentation, we will be available to answer your questions. Before we begin, let me remind you that any forward-looking statements we might make during today's call are subject to the risks and uncertainties mentioned on Page 2 of today's presentation, and the call will be governed by this language. With that said, I'd like to turn the call over to Benedetto. Benedetto Vigna: Thank you. Thank you, Nicoletta, and thank you to everyone joining us. We are pleased to share with you the results of another important quarter for our company. The key message is clear. Ferrari continues to execute its plan with focus, discipline and consistency, keeping the client at the center and blending heritage and innovation in a distinctive way. In this call, we will address 3 key achievements I would like to sincerely thank all the stakeholders for. One, we delivered another strong set of results. Two, demand remains solid with an order book that covers the entire 2027; and three, we continue to evolve our product offering through a consistent commitment to innovation, an innovation process that starts from human emotions, not from technology push. We are a strong believer of emotion-driven innovation. But let's go step by step. Let's start with our financial performance. In the quarter, we delivered revenues at EUR 1.94 billion, EBITDA of EUR 755 million and industrial free cash flow generation of EUR 275 million. This performance was supported by strong mix and personalizations, which once again performed very well and allowed us to raise our full year guidance, and Antonio will provide you more detail shortly. Moving to the second point, the order book. We continue to experience a healthy demand across all geographies with an order book that covers the entire '27. This gives us strong visibility and confidence. Across the portfolio, several models, including the 296 Speciale and the 12Cilindri families are already sold out for their production run, underscoring the strength of demand. And now the third key achievement, our product offering. As anticipated at the beginning of the year and during the AGM a few months ago, 2026 is proving to be a key year for product innovation at Ferrari. With the presentation of Amalfi Spider, …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Benedetto Vigna | Chief Executive Officer & Executive Director | EUR 9,259,104 | Male | 1969 | Active |
John Jacob Philip Elkann | Executive Chairman | EUR 1,757,732 | Male | 1976 | Active |
Maria Conti | Chief Communication Officer | — | Female | 1979 | Active |
Massimiliano Di Silvestre | Chief Marketing & Commercial Officer | — | Male | — | Active |
Michele Antoniazzi | Chief Human Resources Officer | — | Male | 1969 | Active |
Nicoletta Russo | Head of Investor Relations | — | Female | — | Active |
Antonio Picca Piccon | Chief Financial Officer | — | Male | 1964 | Active |
Carlo Daneo | General Counsel | — | Male | 1968 | Active |
Davide Abate | Chief Industrial Officer | — | Male | 1984 | Active |
Enrico Galliera | Chief Marketing & Commercial Officer | — | Male | 1966 | Active |
Flavio Manzoni | Chief Design Officer | — | Male | 1965 | Active |
Marco Lovati | Chief Internal Audit, Risk and Compliance Officer | — | Male | 1972 | Active |
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