Ferrari reported its second-quarter 2025 earnings with revenue of €1.79 billion, slightly below the estimated €1.82 billion but representing a 4.4% year-over-year increase. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached €709 million, marginally exceeding estimates and up 5.9% from the previous year. Earnings before interest and taxes (EBIT) were €552 million, also above expectations and up 8.1% year-over-year. Diluted earnings per share (EPS) stood at €2.38, slightly below the estimated €2.40 but up 4% year-over-year. Deliveries totaled 3,494 units, just under the estimated 3,515 units, with shipment volumes flat overall and regional variations including a 1% increase in the Americas and declines of 1% in EMEA and Greater China, while APAC shipments rose by 2%. Ferrari's margin improved to 30.9% from 29.9% in the prior year. Despite the narrow revenue miss and a 4.9% drop in pre-market shares, Ferrari expressed confidence in its full-year 2025 guidance, attributing optimism to lower US-EU tariffs, which have decreased to 15%, and plans for price increases to maintain margins. The company also announced that its first all-electric vehicle is scheduled for release next year. Additionally, the average price of a Ferrari vehicle is approximately $431,000, having grown by 6% annually over the past five years, reflecting strong pricing power.