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Ferrari tops Wall Street's first-quarter expectations ahead of EV debut

Cnbc · · 284 words · By Michael Wayland
Corporate Strategy Electric Vehicle Transition Financial Performance
open_in_new Read the original article: https://www.cnbc.com/2026/05/05/ferrari-nv-race-earnings-q1-2026.html

psychologyDetected Techniques

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Loaded Language 70% confidence
Using words with strong emotional connotations to influence an audience.

fact_checkFact-Check Results

10 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 7
help Insufficient Evidence 2
info Single Source 1
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“Ferrari on Tuesday beat Wall Street's first-quarter earnings expectations”
CORROBORATED
Multiple sources, including CNBC and a stock news report, indicate Ferrari's Q1 2026 results exceeded expectations, with specific figures for revenue and EPS beating estimates.
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wikipedia NEUTRAL — Piero Ferrari (born Piero Lardi, 22 May 1945; later Piero Lardi Ferrari) is an Italian billionaire businessman and sport personality. He is the second and only living son of Enzo Ferrari, and a 10.48%…
https://en.wikipedia.org/wiki/Piero_Ferrari
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wikipedia NEUTRAL — Ferrari S.p.A. (; Italian: [ferˈraːri]) is an Italian luxury sports car manufacturer based in Maranello, Italy. Founded in 1939 by Enzo Ferrari (1898–1988), the company built its first car in 1940, ad…
https://en.wikipedia.org/wiki/Ferrari
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wikipedia NEUTRAL — The Ferrari FF (Type F151) is a grand touring car that was produced by the Italian carmaker Ferrari from 2011 to 2016. The successor to the 612 Scaglietti, the FF—whose name is an acronym for "Ferrari…
https://en.wikipedia.org/wiki/Ferrari_FF
+ 3 more evidence sources
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“Earnings per share: 2.33 euros (US $2.72) adjusted vs. 2.27 euros expected”
CORROBORATED
The diluted EPS of 2.33 euros is explicitly mentioned in the RACE Stock News report, and the beat over expectations is supported by the CNBC report.
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web search NEUTRAL — Why Ferrari's profit slumped in the second quarter. Ferrari's adjusted EBITDA -- or earnings before interest, tax, depreciation and amortization, "adjusted" to exclude one-time items -- fell 60% to 12…
https://www.fool.com/investing/2020/08/03/ferrari-profit-dro…
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web search NEUTRAL — Vectibix® (panitumumab) sales for the first quarter of 2010 were $67 million compared to $53 million for the first quarter of 2009. Sales growth was driven by international demand as a result of recen…
https://www.fiercepharma.com/pharma/amgen-s-first-quarter-20…
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web search NEUTRAL — Adjusted Earnings per Share were $1.22 compared to $1.54 in the prior year, consistent with the factors noted above.adjusted earnings per share: Exemples et traductions en contexte.
https://dictionnaire.reverso.net/anglais-francais/adjusted+e…
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“Revenue: 1.85 billion euros vs. 1.81 billion euros expected”
CORROBORATED
RACE Stock News reports Q1 2026 net revenues of €1,848 million (approximately 1.85 billion), and CNBC confirms the beat over the expected 1.81 billion.
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web search NEUTRAL — The Ferrari SF90 Stradale was Ferrari's first series-production road car to feature plug-in hybrid architecture, integrating an internal combustion engine with electric motors.[74]. Ferrari stated tha…
https://en.wikipedia.org/wiki/Ferrari
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web search NEUTRAL — View live Ferrari NV chart to track its stock's price action. Find market predictions, RACE financials and market news.
https://www.tradingview.com/symbols/MIL-RACE/
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web search NEUTRAL — Related Topics:ferrari_first_half ferrari_nigeria ferrari_record_quarterly_sales.BMW Recalls Over 85,000 Vehicles Due To Starter Motor Overheating. Latest Cars1 week ago. Ferrari Showcases The Interio…
https://autojosh.com/ferrari-reports-record-quarterly-sales-…
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“Ferrari's revenue was up more than 3% compared with 1.79 billion euros during the first quarter of 2025”
CORROBORATED
CNBC explicitly states that Ferrari's revenue was up more than 3% compared with 1.79 billion euros during the first quarter of 2025.
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web search NEUTRAL — Ferrari's revenue was up more than 3% compared with 1.79 billion euros during the first quarter of 2025, while its operating profit and adjusted earnings increased 1.1% and 4.2% year-over-year ...
https://www.cnbc.com/2026/05/05/ferrari-nv-race-earnings-q1-…
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web search NEUTRAL — For the three months ended March 31, 2025 and 2024, the weighted average number of common shares for diluted earnings per common share was increased to take into consideration the theoretical effect o…
https://cdn.ferrari.com/cms/network/media/pdf/2025_05_06+-+F…
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web search NEUTRAL — Ferrari also reported that EBITDA grew by 14.6% to 693 million euros ($784 million), while operating profit reached 542 million euros ($613 million), a 22.7% increase compared to the same quarter ...
https://www.clubalfa.it/en/ferrari-another-record-quarter-wi…
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“its operating profit and adjusted earnings increased 1.1% and 4.2% year-over-year, respectively”
CORROBORATED
CNBC explicitly reports that operating profit and adjusted earnings increased 1.1% and 4.2% year-over-year, respectively.
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web search NEUTRAL — Between 1991 and 2014, he increased the profitability of Ferrari's road cars nearly tenfold, both by increasing the range of cars offered and through limiting the total number produced.
https://en.wikipedia.org/wiki/Ferrari
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web search NEUTRAL — Still, underlying profitability remained under pressure. While gross profit rose to $726.9 million and total gross margin improved slightly by 22 basis points to 17.7%, operating margin declined to 4.…
https://www.zacks.com/stock/news/2909914/asbury-automotive-q…
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web search NEUTRAL — Learn year-over-year (YoY) analysis, its formula, and examples. Understand how it measures growth, compares performance, and removes seasonality.
https://corporatefinanceinstitute.com/resources/accounting/y…
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“The company's 2026 guidance includes 7.5 billion euros in net revenues”
CORROBORATED
Both CNBC and the official Ferrari guidance document mention the 2026 guidance targeting approximately 7.5 billion euros in net revenues.
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web search NEUTRAL — Ferrari (NYSE: RACE) reported Q1 2026 net revenues of €1,848 million (+3% reported, +6% at constant currency), EBIT €548 million (29.7% margin) and EBITDA €722 million (39.1% margin). Net profit was €…
https://www.stocktitan.net/news/RACE/another-quarter-of-stro…
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web search NEUTRAL — Industrial free cash flow (1) of Euro 1,538 million, up 50% versus the prior year 2026 guidance targeting Euro ~7.50 billion revenues and 39.0% EBITDA margin, supported by strong product mix "In 2025,…
https://www.ferrari.com/en-EN/corporate/articles/2025-full-y…
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web search NEUTRAL — The company's 2026 guidance includes 7.5 billion euros in net revenues and an adjusted operating profit of at least 2.22 billion euros, or 9.45 euros adjusted EPS.
https://www.cnbc.com/2026/05/05/ferrari-nv-race-earnings-q1-…
info
“an adjusted operating profit of at least 2.22 billion euros, or 9.45 euros adjusted EPS”
SINGLE SOURCE
CNBC reports the adjusted operating profit of at least 2.22 billion euros and 9.45 euros adjusted EPS for 2026. Other sources mention the revenue guidance but not these specific profit/EPS figures.
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web search NEUTRAL — At least two water speed record boats have utilized Ferrari powertrains, both of them 800kg-class hydroplanes from the early 1950s. Neither boat was built by or affiliated with Ferrari, though one of …
https://en.wikipedia.org/wiki/Ferrari
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web search NEUTRAL — Adjusted operating margin, which represents adjusted operating profit (loss) divided by net sales; Organic net sales growth, which represents the change in net sales adjusted to exclude the impacts of…
https://aijourn.com/vertiv-reports-strong-first-quarter-with…
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web search NEUTRAL — featured Ferrari’s first instance of a mid-engine.
https://www.ferrari.com/en-US
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“Its industrial free cash flow is targeted at 1.5 billion euros or more for the year”
CORROBORATED
CNBC reports the target of 1.5 billion euros or more, and Ferrari's own performance reports confirm industrial free cash flow surpassed 1.5 billion.
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web search NEUTRAL — Its industrial free cash flow is targeted at 1.5 billion euros or more for the year.
https://www.cnbc.com/2026/05/05/ferrari-nv-race-earnings-q1-…
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web search NEUTRAL — Industrial free cash flow in the year was strong and surpassed Euro 1.5 billion, with capital expenditures (7) of approximately Euro 950 million. Net Industrial Debt (1) as of December 31, 2025 furthe…
https://www.ferrari.com/en-EN/corporate/articles/2025-full-y…
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web search NEUTRAL — Industrial free cash flow surpassed €1.5 billion, an increase of approximately 50% versus the prior year, supported by increasing profitability and positive working capital changes from F80 advances. …
https://www.alpha-sense.com/earnings/race/
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“deliveries being down 4.4% year-over-year to 3,436 units”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results regarding delivery units or a 4.4% decrease.
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“scheduled debut of the Luce, its first fully electric vehicle, on May 25”
INSUFFICIENT EVIDENCE
While evidence mentions the 'Luce' as Ferrari's first EV, there is no mention of a specific debut date of May 25 in the provided results.
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.