Ferrari NV reported second-quarter 2025 revenue of €1.79 billion, narrowly missing analysts’ €1.82 billion consensus, while net profit slipped marginally below expectations at €425 million. Diluted earnings per share came in at €2.38, a cent short of forecasts. Operating metrics were stronger. Earnings before interest and taxes rose 8.1% year on year to €552 million, topping the €546 million estimate, and EBITDA increased 5.9% to €709 million, also ahead of projections. The EBIT margin widened to 30.9% from 29.9% a year earlier, underscoring pricing power and a richer sales mix. Vehicle deliveries were broadly flat at 3,494 units, slightly under the 3,515 expected. Shipments were mixed across regions, with gains of 2% in Asia-Pacific and 1% in the Americas offset by modest declines in EMEA and Greater China. Revenue still advanced 4.4% from a year earlier, benefiting from higher customization and limited-series models.