Ferrari N.V. (RACE)

Outperform Recap: Q1 2026

Print Confirms the FY Guide; H1/H2 Cadence Is the Sell-the-News — Luce Reveal in 20 Days Is the Real Catalyst

Outperform Recap: Q4 2025

The Floor Was the Floor — Initial 2026 Guide of ≥€9.45 EPS Vindicates the Post-CMD Thesis

Outperform Recap: Q3 2025

The Post-CMD De-Rate Overshot — Q3 Print Confirms the New Framework Is the Floor, Not the Ceiling

Hold Recap: Q2 2025

Margins Beat, Volume Flat, Tariff Risk Withdrawn — But the Real Catalyst Is Still 10 Weeks Away