Ferrari N.V. (NYSE:RACE) reported a revenue of €1.85 billion ($2.16 billion) for the first quarter of fiscal 2026, reflecting a 3% increase from the previous year and surpassing analyst expectations of $2.12 billion. Earnings per share were €2.33 ($2.73), slightly above the forecast of $2.70. The company's revenue from cars and spare parts grew by 1%, driven by a richer sports-car mix and increased personalization efforts. However, total shipments fell by 4.4% to 3,436 units due to a planned model transition. Ferrari effectively managed deliveries amid rising tensions in the Middle East by reallocating shipments to other regions, reporting no unusual cancellations. EBITDA rose 4% to €722 million, with a margin increase of 40 basis points to 39.1%. CEO Benedetto Vigna emphasized strong demand and a robust order book extending into late 2027, while reaffirming the company's revenue forecast of approximately €7.5 billion ($8.73 billion) for the fiscal year 2026, despite geopolitical challenges.