Key Facts
• Ferrari’s Q2 2025 revenue rose 4% year-on-year but missed analyst forecasts.
• Vehicle shipments remained flat during the same period.
• Ferrari maintained its full-year outlook, disappointing investor expectations for an upgrade.
• U.S.-EU trade agreement reduced U.S. auto tariffs from 27.5% to 15%.
• Ferrari shares dropped approximately 12% on July 31, 2025, in Milan trading.
• Analysts noted Ferrari’s Q2 profits slightly exceeded expectations despite revenue shortfall.
• Competitor Porsche lowered its forecast due to U.S. trade policies.
• Ferrari’s strong brand allows it to pass rising costs to affluent customers.
• The company expects lower manufacturing costs in the second half of 2025.
• Ferrari produces all vehicles in Italy, with the U.S. accounting for 25% of sales.
Summary
Ferrari’s Q2 2025 revenue growth of 4% fell short of market expectations, leading to a 12% drop in its stock price. Despite maintaining its full-year outlook, investors were disappointed by the lack of an upgrade. Analysts highlighted Ferrari’s ability to slightly exceed profit forecasts, supported by its strong brand power to offset rising costs. The U.S.-EU trade agreement reduced auto tariffs, but Ferrari’s Italy-based production limits its ability to mitigate tariff costs. With steady demand and minimal cancellations, Ferrari remains resilient compared to competitors like Porsche, which revised its outlook downward. The company anticipates reduced manufacturing costs in the latter half of 2025.
