Ferrari Tops Q1 Estimates, Confirms May 25 Luce Debut

Ferrari reported adjusted earnings per share of €2.33 for the first quarter and revenue of €1.85 billion, both slightly ahead of analyst expectations. The company delivered 3,436 cars in Q1, a 4.4% decline from a year earlier, which it attributed to planned pauses in production while it rebalances its model lineup.

The automaker reiterated its 2026 financial targets, forecasting net revenues of €7.5 billion and an adjusted operating profit of at least €2.22 billion.

Ferrari confirmed the world premiere of its flagship electric vehicle, the Luce, on May 25. CEO Benedetto Vigna said the launch event is oversubscribed, adding that “the sense of anticipation has never been so high” and that the premiere is “fully booked, actually overbooked.” He declined to provide order figures and said the model is expected to draw interest from both existing Ferrari clients and new buyers.

The report was released amid mixed signals across the electric-vehicle market. Ford Motor Company has recorded about $19.5 billion in EV-related restructuring charges and is developing a new Universal Electric Vehicle platform intended to lower costs for its Model e unit and achieve profitability by 2029. Alan Clarke, Ford’s EV product leader, described the need for agility, saying, “Agility is key.”

The first vehicle planned on Ford’s UEV architecture is a U.S.-targeted midsize pickup due next year, with a projected starting price near $30,000. CEO Jim Farley described the program as a $5 billion “bet” on America and called it the most radical change in how Ford designs and builds vehicles since the Model T.

Used-vehicle data show growing consumer interest in hybrids. Analysis of the U.S. second-hand market found used hybrid market share rose 41.8% year over year in Q1 2026, compared with 15.9% growth for used battery-electric vehicles. The report also recorded a 1.4% drop in used hybrid prices and a 10.3% decline in resale prices for non-Tesla EVs.

In the U.K., new car registrations rose 24.0% in April to 149,247 units, and the country registered its two millionth battery-electric car. Battery-electric registrations climbed 59.1% year over year and accounted for 26.2% of new registrations in April. Industry groups have lowered their forecast for the battery-EV share of new-car sales in 2026 to 26.8% from a prior estimate of 28.5%, citing higher energy and production costs and limited charging infrastructure, and they are calling for policy changes to align with consumer demand.

Ferrari’s quarterly financials, the planned production pauses and the scheduled Luce debut on May 25 are now part of the broader context of automakers’ EV investments, restructuring costs and shifting consumer behavior in new and used vehicle markets.