Ferrari reveals features of first fully electric vehicle, raises 2026 forecasts

Ferrari has increased its 2025 financial guidance, now targeting over 7.1 billion euros in revenue and 2.7 billion euros in EBITDA with a margin exceeding 38.3%, attributing the revision to solid business performance and the removal of uncertainty regarding U.S. import tariffs. Simultaneously, the luxury automaker revealed the powertrain and chassis of its first fully electric vehicle, the "Ferrari Elettrica," set for late next year delivery, aiming to attract new customer segments. Looking to 2030, Ferrari projects net revenues of 9 billion euros and EBITDA of at least 3.6 billion euros on 40% margins, with its product lineup evolving to 20% fully electric models.

Analysis

Ferrari has significantly raised its 2025 financial guidance, now projecting revenues to exceed 7.1 billion euros and EBITDA of 2.7 billion euros with a margin above 38.3%. This upward revision is attributed to robust business performance and the confirmed clarity regarding 15% U.S. import tariffs, which removed a key element of uncertainty. The company further targets net revenues of 9 billion euros and EBITDA of at least 3.6 billion euros on 40% margins by 2030, reflecting strong long-term confidence.

A pivotal strategic move is the unveiling of the Ferrari Elettrica's powertrain and chassis, marking the brand's first fully electric vehicle set for late next year delivery. This initiative aims to attract new customer segments, building on 15 years of electrification research including Formula 1 technology. By 2030, Ferrari plans a product mix of 40% ICE, 40% hybrid, and 20% electric models, with an average of four new launches annually.

The Elettrica incorporates advanced features like amplified powertrain vibration for an authentic sports car feel and internal manufacturing of critical components, including battery systems and software. Its construction using 75% recycled aluminum for the chassis and body shell also underscores a commitment to sustainability, saving 6.7 tons of CO2 per vehicle. This blend of performance, innovation, and environmental consciousness positions Ferrari strongly for future market evolution.

Key Decisions for Investors

• Investors should assess Ferrari's updated financial guidance and long-term targets, considering the positive implications of tariff certainty and robust performance on future earnings and valuation.
• Closely monitor the market reception and sales performance of the Ferrari Elettrica upon its late 2025 delivery, as its success is crucial for attracting new customer demographics and validating the brand's electrification strategy.
• Evaluate the execution of Ferrari's 2030 product roadmap, particularly the balance between ICE, hybrid, and electric models, and its ability to maintain brand exclusivity and profitability amidst industry-wide EV transitions.