Ferrari is set to debut its first fully electric vehicle in October 2026, CEO Benedetto Vigna confirmed, as the Italian luxury automaker reported a 15% year-on-year increase in first-quarter core earnings and reaffirmed its full-year financial guidance.
Speaking after the earnings release, Vigna said the long-awaited electric model will be unveiled during Ferrari’s capital markets day scheduled for October 9. “This marks a significant milestone for Ferrari as we embrace electrification without compromising our DNA,” Vigna said.
The new EV will represent a bold shift for Ferrari, renowned for its high-performance petrol engines.
While no specific details of the car were disclosed, Vigna’s confirmation suggests a slight delay from expectations, according to an analyst who asked not to be named.
“It sounded like there was some delay to Ferrari’s launch plan, as one could have expected to see the car itself at the meeting this October,” the analyst said.
However, Ferrari typically begins delivering new models around three quarters after their official unveiling, which aligns with the new October 2026 timeline.
Despite the move towards electrification, Ferrari said it will continue to produce petrol and hybrid cars. Hybrid models, first introduced in 2019, accounted for 51% of Ferrari’s sales in 2024.
On the financial front, Ferrari posted Q1 core earnings (EBITDA) of €693 million, narrowly beating analysts’ expectations of €689 million, according to a Reuters poll.
The performance was driven by strong demand for high-end models like the SF90XX, the 12Cilindri, and the 499P Modificata, as well as personalised customer specifications and increased sales in more profitable regions such as the Americas.
The company also reaffirmed its guidance for the year, forecasting full-year EBITDA of at least €2.68 billion ($3.04 billion) and an EBITDA margin of no less than 38.3%, despite warning that US tariffs introduced by former President Donald Trump could reduce 2025 margins by 50 basis points.
While other automakers like Mercedes ,Ford and Stellantis have recently withdrawn their forecasts, Ferrari’s decision to stand by its guidance was interpreted as a signal of strength.
“Ferrari stands out,” analysts at Bernstein wrote in a note. “Maintaining guidance in this environment shows confidence in its pricing power and brand resilience.”
Investors appeared to agree, with Ferrari’s Milan-listed shares closing up 1.6% on Tuesday.
Boluwatife EnomeReply
Follow us on:
