Abstract

Ferrari NV will report fourth-quarter results on February 10, 2026 after market close, and investors will look for confirmation of continued order resilience and price discipline alongside progress in high-value limited series deliveries and brand monetization.

Market Forecast

Consensus tracking points to Ferrari NV’s fourth-quarter revenue of $1.78 billion, with a projected gross margin near recent levels at 50.05%, net profit margin around 21.59%, and adjusted EPS of $2.10, implying year-over-year growth of 13.47%. Management’s baseline points to EBIT of $0.48 billion and revenue growth of 7.36% year over year, while adjusted EPS is expected at $2.10 with double-digit expansion.

Ferrari NV’s core business remains road cars and parts, with continued mix enrichment from special series and personalization to support margin quality and order visibility. The most promising segment is Sponsorship, Commercial and Brand, expected to benefit from licensing, events, and hospitality, with revenue last quarter at $0.21 billion and supportive year-over-year growth as F1-anchored brand assets scale.

Last Quarter Review

Ferrari NV’s prior quarter delivered revenue of $1.77 billion, gross margin of 50.05%, GAAP net profit attributable to the parent company of $0.38 billion with a net margin of 21.59%, and adjusted EPS of $2.14, representing year-over-year growth of 2.88%.

The company outperformed its revenue and EPS estimates, aided by richer model mix and personalization as well as disciplined pricing that offset cost headwinds. Road cars and parts were the main contributor at $1.48 billion, while Sponsorship, Commercial and Brand delivered $0.21 billion and Other totaled $0.08 billion, with mix skewed toward higher-margin specials.

Current Quarter Outlook (with major analytical insights)

Road Cars and Parts

Delivery phasing and a strong special-series mix are likely to remain the primary revenue and profit drivers in the quarter. With an estimated revenue of $1.78 billion for the group, we expect Road Cars and Parts to remain above $1.45 billion, supported by ongoing deliveries of limited series vehicles and robust personalization uptake. Price discipline appears intact, enabling stable gross margin near 50.05% despite input-cost and logistics variability. The order book reportedly extends well into the year for key nameplates, implying manageable volume risk near term. Any incremental contribution from new model allocations can support EBIT near $0.48 billion, sustaining double-digit EPS growth dynamics.

Sponsorship, Commercial and Brand

Brand monetization through licensing, events, and hospitality continues to scale alongside F1-related exposure, and the last quarter’s $0.21 billion result underscores the segment’s resilience. Growth in this high-margin revenue stream can contribute disproportionately to EBIT, complementing vehicle mix and personalization. Near-term catalysts include incremental hospitality revenues and enhanced commercial partnerships tied to the racing calendar, which should provide steady, low-capex earnings support. While the segment is sensitive to event schedules and audience engagement, the brand’s global footprint supports mid-to-high single-digit growth in the current quarter, helping protect consolidated margin quality.

Stock Price Drivers This Quarter

Margin trajectory and delivery timing are the core variables for equity performance through the print. A confirmation of roughly 50.05% gross margin with steady net margin around 21.59% would validate price/mix strength and support the EPS estimate of $2.10. Commentary on order visibility and the cadence of limited series shipments will set the tone for 2026 revenue and EBIT conversion. Investors will also monitor capital allocation and any color on capacity and product pipeline updates, as these influence medium-term growth expectations. If revenue lands close to $1.78 billion and EBIT approximates $0.48 billion, the setup favors incremental estimate stability or modest upward revisions.

Analyst Opinions

The prevailing institutional view is bullish, citing robust pricing power, a durable order backlog, and expanding high-margin brand monetization. Analysts expecting a positive outcome emphasize that the estimated $1.78 billion in revenue and $2.10 EPS with 13.47% year-over-year growth reflect conservative delivery phasing and do not require outsized volume. Positive commentary highlights that EBIT near $0.48 billion implies reinforced operating leverage as mix improves and sponsorship/brand revenues scale. Across recent notes, the majority point to favorable risk-reward into the print based on margin resilience and high visibility on limited-series allocation. The optimistic stance underscores that even modest upside to deliveries or personalization attachment could translate to higher EPS, while downside risk appears buffered by mix management and a broad order book.