Ferrari will introduce its first electric vehicle as its Q1 core earnings increase by 15% in October 2026

In October 2026, Ferrari plans to introduce its first all-electric car, reinforcing its impressive financial results and optimistic outlook.

CEO Benedetto Vigna stated that Ferrari will launch its first all-electric car in October 2026. The premium carmaker also reaffirmed its full-year financial goal and recorded a 15% year-over-year increase in first-quarter core earnings.

Following the earnings announcement, Vigna stated that the eagerly anticipated electric vehicle would be introduced on October 9, Ferrari’s capital markets day. “As we embrace electrification without compromising our DNA, this marks a significant milestone for Ferrari,” Vigna said.

Ferrari, known for its powerful gasoline engines, will make a daring change with the new EV. 

According to an analyst who begged not to be named, Vigna’s confirmation indicates a little delay from expectations, even though no specifics about the automobile were revealed. 

“One could have anticipated seeing the car itself at the meeting this October, but it sounded like there was some delay to Ferrari’s launch plan,” the analyst said.

However, in accordance with the revised October 2026 timeline, Ferrari usually starts delivering new models three quarters after their official unveiling.

Ferrari stated that it will still manufacture gasoline and hybrid vehicles in spite of the shift to electricity. In 2024, 51% of Ferrari’s sales were of hybrid cars, which were first debuted in 2019.

According to a Reuters poll, Ferrari’s Q1 core earnings (EBITDA) of €693 million just exceeded experts’ projections of €689 million. 

Strong demand for high-end models like the SF90XX, 12Cilindri, and 499P Modificata, along with customized customer specifications and higher sales in more lucrative regions like the Americas, were the main drivers of the success.

Despite cautioning that US tariffs imposed by former President Donald Trump could lower 2025 margins by 50 basis points, the company also reiterated its target for the year, predicting full-year EBITDA of at least €2.68 billion ($3.04 billion) and an EBITDA margin of at least 38.3%.

Ferrari’s choice to stick to its advice was seen as a sign of strength, even if other automakers including Mercedes, Ford, and Stellantis had recently retracted their projections.

“Ferrari is unique,” Bernstein analysts stated in a note. “Retaining guidance in this environment demonstrates confidence in its brand resilience and pricing power.”

Ferrari’s Milan-listed shares ended Tuesday’s trading session up 1.6%, suggesting that investors agreed.