Filing Flows › Ferrari N.V. (RACE) › Q1 2026
Ferrari N.V. (RACE) Q1 2026 earnings results (first quarter 2026)
6-K filed May 5, 2026
Ferrari N.V. (RACE) reported revenue of $1.8B for the first quarter 2026 (Q1 2026), +3% from a year earlier. Operating margin was 29.7%, net earnings $413M (22.3% of revenue).
Ferrari N.V., Q1 2026: revenue $1.8B (+3% year over year), operating margin 29.7%, net earnings $413M, operating cash flow $863M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | — | +3% |
| Operating profit | $548M | — | +1% |
| Net earnings | $413M | — | +0.2% |
| Operating cash flow | $863M | — | +2% |
What changed
Revenue was €1.8B in Q1 2026, up 3% year over year. Cars and spare parts was the largest line at 84% of revenue. Sponsorship, commercial and brand added €0.03B year over year (up 14%), 47% of the total change.
Operating profit was €0.55B, a 29.7% margin (down 0.6 points year over year). Of the extra revenue versus Q1 2025, 11% reached operating profit, below the 30% margin then. Total costs grew 4% against revenue growth of 3%. Net earnings were €0.41B, roughly flat year over year. The effective tax rate was 23.1%.
Operating cash flow was €0.86B (up 2% year over year), 209% of net earnings. Working capital and other items added €0.45B.
Questions
What was Ferrari N.V.'s revenue in the first quarter 2026?
Ferrari N.V.
Was Ferrari N.V. profitable in the first quarter 2026?
Operating profit was $548M (29.7% of revenue) and net earnings $413M.
Source: Ferrari N.V. 6-K on SEC EDGAR.