Ferrari's forecasts have allayed investor fears about demand. Shares jumped

Italian luxury carmaker Ferrari beat analysts' forecasts for fourth-quarter 2025 revenue and profit and said its 2026 earnings would be above Wall Street expectations(pdf.).

Against this backdrop, the company's shares jumped more than 10% at one point during trading in Milan, the biggest gain since March 2020, the first days of the coronavirus pandemic, Bloomberg notes. On the pre-market in the U.S., Ferrari shares are also trading up more than 8% from the previous close.

- Ferrari's net revenue for the three months ended Dec. 31, 2025 rose to €1.8 billion ($2.14 billion), slightly above analysts' average forecast of €1.77 billion, Bloomberg writes.

- Earnings before interest, depreciation, amortization and taxes (EBITDA) for the same period increased to €700 million, exceeding analysts' forecasts of €662 million. For the full year 2025, this figure amounted to €2.77 billion. For 2026, the company forecasts it to be more than €2.93 billion ($3.49 billion).

Shareholders were also encouraged by Ferrari's new profit and revenue forecasts for 2026, Bloomberg points out. According to them, the company's operating profit in 2026 will increase slightly thanks to new models that will appear this year, Reuters points out . CNBC notes that these estimates are broadly in line with the expectations of analysts surveyed by FactSet.

The company's results, as well as the market's reaction to them, indicate the easing of investors' concerns about the impact on Ferrari's business of duties, the fall in the dollar and demand volatility. In October last year, the company published a weak long-term forecast, and also reported that changes in the UK tax legislation had a negative impact on Ferrari sales in the country, as the company's main customers - wealthy Britons - began to leave for countries with lower taxes, Bloomberg writes.

In general, the updated forecast for 2026 and results for the end of 2025 reassured investors in the luxury car maker's ability to maintain growth and profitability in the face of large-scale modernization of the model range, the agency notes.

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