Ferrari Reports Q2 Revenue, Profit Growth Despite Tariffs

Ferrari reported solid second-quarter results in 2025 with net revenues reaching approximately €1.79 billion, marking a 4-4.4% increase year-over-year, and global deliveries rising slightly to 3,494 units. Operating profit rose between 6% and 8.1%, with EBIT around €552-709 million and strong margins above 30%, while net profit increased 3%. The company attributed its performance to strong demand for models like the 296 Speciale and Ferrari Amalfi, as well as effective pricing power and product innovation. A significant development easing concerns was the US-EU trade agreement that reduced import tariffs, removing previous margin risks and boosting confidence in Ferrari's 2025 guidance. Ferrari reaffirmed its full-year targets of exceeding €7 billion in revenue, with adjusted EBITDA and EBIT expected to grow by at least 5-7%, alongside improved industrial free cash flow. Despite positive financials, Ferrari's stock price declined after the earnings release, reflecting possibly high investor expectations.