Ferrari total shipments in Q1 2026
Short Answer
Both the model and the market expect Ferrari's total shipments in Q1 2026 to be Above 3200, with no compelling evidence of mispricing.
1. Executive Verdict
- Ferrari guidance expects Q1 2026 shipments near Q4 2025 levels.
- Analysts revised consensus estimates upwards after company guidance.
- Purosangue production is strategically capped at 20% of total shipments.
- Ferrari's order book strengthened, ensuring robust demand into 2025.
- Strong 2025 shipment performance provides a solid foundation for 2026.
- No firm delivery schedule for unannounced special series by Q1 2026.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Above 3700 | 2.0% | 2.7% | Model higher by 0.7pp |
| above 3500 | 33.0% | 37.5% | Model higher by 4.5pp |
| Above 3200 | 95.0% | 95.4% | Model higher by 0.4pp |
| Above 3600 | 13.0% | 16.4% | Model higher by 3.4pp |
| Above 3300 | 89.0% | 89.8% | Model higher by 0.8pp |
2. Market Behavior & Price Dynamics
Historical Price (Probability)
Outcome probability
Date
This prediction market has exhibited a sideways trading pattern, contained within a relatively narrow 6-point range. The price opened at 93.0% and is currently at its high of 95.0%, indicating sustained high confidence in a "YES" outcome. The most significant price movement was a sharp drop to the market's low of 89.0% around April 19th. Following this dip, the price quickly recovered, returning to the upper end of its trading range. As no specific news or external context was provided, the cause for this temporary drop in confidence is not apparent and may be attributable to internal market dynamics or a large trade rather than a specific event.
The volume patterns provide insight into trader conviction at different price levels. A significant portion of the total volume occurred during the price drop to the 89.0% support level, suggesting that this price point attracted strong buying interest and represented a moment of peak disagreement among traders. In contrast, periods of price stability at the higher end of the range have seen little to no volume. This pattern establishes 89.0% as a key support level, which held firmly, while 95.0% currently acts as resistance.
Overall, market sentiment is extremely positive regarding Ferrari's Q1 2026 shipments. The price has consistently remained near or above 90%, reflecting a strong consensus that the "YES" condition will be met. The quick rebound from the 89.0% low further reinforces this bullish sentiment, indicating that traders viewed the dip as a buying opportunity. The current price at the top of the range suggests the market expects a positive outcome with very high probability.
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
Outcome: above 3500
📉 April 26, 2026: 14.0pp drop
Price decreased from 42.0% to 28.0%
What happened: No supporting research available for this anomaly.
📉 April 21, 2026: 9.0pp drop
Price decreased from 45.0% to 36.0%
What happened: No supporting research available for this anomaly.
Outcome: Above 3400
📈 April 22, 2026: 11.0pp spike
Price increased from 69.0% to 80.0%
What happened: No supporting research available for this anomaly.
4. Market Data
Contract Snapshot
This market resolves to Yes if Ferrari N.V. reports above 3500 total shipments in Q1 2026; otherwise, it resolves to No. The outcome is verified by Fiscal.ai. The market opened on April 6, 2026, 2:55pm EDT, and closes either when the outcome occurs or by June 4, 2026, 6:00am EDT, with projected payouts 30 minutes after closing.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Above 3200 | $0.98 | $0.05 | 95% |
| Above 3300 | $0.89 | $0.15 | 89% |
| Above 3400 | $0.76 | $0.27 | 76% |
| above 3500 | $0.33 | $0.68 | 33% |
| Above 3600 | $0.10 | $0.91 | 13% |
| Above 3700 | $0.03 | $0.98 | 2% |
| Above 3800 | $0.02 | $0.99 | 2% |
Market Discussion
Traders are divided on Ferrari's total shipments for Q1 2026, with the market currently showing a 33% chance of exceeding 3500 units, while being more confident for shipments above 3300 (89%) and 3400 (76%). Those betting "Yes" for above 3500 cite historical trends of increasing Q1 shipments year-over-year and expect a modest increase over the previous year. Conversely, "No" arguments highlight significant headwinds, including collapsed US registrations, reduced US models, the closure of the Strait of Hormuz impacting Middle East deliveries, and lower Australian registrations, suggesting a substantial downturn from Q1 2025's implied production base.
5. What are Ferrari Purosangue and EV production rates by Q4 2025?
| Purosangue Daily Production (Q4 2025) | 10-11 units per day (constrained by exclusivity) [^] |
|---|---|
| Purosangue Annual Shipment Cap | No more than 20% of total annual shipments [^] |
| First EV Model Production Status (Q4 2025) | Initial ramp-up and pilot phase [^] |
Purosangue production rates are strategically limited for brand exclusivity. Purosangue production is intentionally constrained to a maximum of 20% of Ferrari's total annual shipments, ensuring its exclusivity [^]. Based on Ferrari's 2024 shipments of 13,663 units, this volume translates to approximately 2,732 Purosangue units annually. By the end of Q4 2025, the projected maximum single-shift production rate for the Purosangue is estimated at 10-11 units per day, reflecting this strategic decision rather than any manufacturing capacity limitations [^].
New EV model lines will begin pilot production by Q4 2025. Ferrari's new Maranello 'e-building', dedicated to electric components and vehicles, is expected to be operational by Q3 2025, facilitating the production of EV components and pilot models [^]. The launch of the first fully electric Ferrari model is anticipated in late 2025 [^]. By the close of Q4 2025, new EV model lines will be in an initial ramp-up and pilot production phase, concentrating on quality control and process validation, with full production scheduled to begin in early 2026 [^]. Consequently, a specific maximum single-shift production rate for new EV models is not projected for this period beyond these initial, limited volumes [^].
6. How Strong Was Ferrari's Order Book Visibility From 2024-2025?
| Initial Order Book Visibility (Q2 2024) | Well beyond 2025 [^], [^] |
|---|---|
| Consistent Volume Model Backlog (296 GTB/GTS) | Exceeded 24 months [^], [^], [^], [^], [^], [^] |
| Final Order Book Visibility (Q4 2025) | Well into 2027 for most models [^], [^] |
Ferrari's order book consistently strengthened from Q2 2024 into early 2025. In Q2 2024, the official order book coverage was robust, extending well beyond 2025, with volume models such as the 296 GTB and GTS specifically maintaining a very strong order book, exceeding 24 months [^], [^]. This positive trajectory persisted into 2025, as general company statements in Q1 and Q2 indicated the order book remained strong and robust, ensuring visibility well into 2026 [^], [^].
This strong order book trend continued throughout late 2025. By Q3 2025, Ferrari reported a very strong order book providing coverage well into 2026. Demand for models including the 296 GTB and GTS remained extremely high, with their backlog still significantly exceeding 24 months [^]. Concluding the period in Q4 2025, the order book was described as "exceptionally strong," extending well into 2027 for most models, and the 296 GTB and GTS continued to demonstrate a robust backlog exceeding 24 months [^], [^].
7. How Did Ferrari Allocate Shipments Between Americas and APAC (2024-2025)?
| Ferrari Americas Shipment Allocation (2024) | ~25.2% [^] |
|---|---|
| Ferrari APAC Shipment Allocation (2024) | ~33.1% [^] |
| Americas Luxury Market Growth (2024 Forecast) | Low single-digit (1-4%) [^] |
Ferrari consistently allocated more shipments to APAC than the Americas. Between mid-2024 and end-2025, actual shipment allocation for the Americas region ranged consistently from approximately 25.1% to 25.4% of total shipments. During the same period, the APAC region received a significantly larger share, consistently between 32.8% and 33.1% of total shipments [^]. This stable strategy indicates a greater proportion of vehicles were directed to the APAC market.
This allocation strategy aligns with regional luxury consumer sentiment forecasts. The Americas luxury market was projected to stabilize, with low to moderate single-digit growth of 1-6% from 2024 to 2025, confronting macroeconomic headwinds despite resilience among top-tier consumers [^]. In contrast, the APAC region, particularly ex-China, was anticipated to experience robust growth driven by increasing affluence and new consumers, presenting significant long-term potential and making it a key focus for luxury brands [^]. Ferrari's sustained higher allocation to APAC therefore reflects responsiveness to these differing regional market dynamics and growth trajectories.
8. How Will Unannounced Ferrari Models Impact 2026 Shipments?
| New Model Debuts | Five new models for 2026 [^] |
|---|---|
| Next Icona Inspiration | Ferrari F40 [^] |
| Strategic Delivery Adjustments | Potential for F80 delivery rate reduction to optimize results [^] |
No firm schedule exists for unannounced Special Series models starting late 2025. There is no explicit production and delivery schedule for unannounced 'Icona' or other limited-run 'Special Series' models stated to commence in late 2025 or Q1 2026 within the available sources. However, Ferrari has announced plans to debut five new models in 2026, which could potentially include high-impact, low-volume vehicles [^]. The Ferrari Daytona SP3, a recent Icona series vehicle, is nearing the completion of its delivery cycle, with the final units being prepared [^]. Speculation suggests the F40 as inspiration for the next Icona series [^].
Delivery adjustments for low-volume models significantly influence total shipment counts. Information concerning the impact of limited-run models on total shipments indicates that delivery rates can be strategically adjusted. For instance, Ferrari may reduce the delivery rate of a rumored "F80" model to optimize future financial results [^]. Such strategic decisions for limited-run, high-impact models can critically shift total shipment counts. While the commencement of production or delivery for an unannounced model in late 2025 or Q1 2026 is unconfirmed, the flexibility in managing delivery schedules for these types of vehicles underscores their potential influence on quarterly figures [^].
9. How Do Ferrari's 2026 Shipment Projections Compare to Analyst Estimates?
| 2025 Actual Shipments | 15,300 units (exceeded 14,800-15,000 guidance) [^] |
|---|---|
| 2026 Full-Year Guidance | 15,800-16,200 units [^] |
| Revised Q1 2026 Analyst Consensus | 3,900-4,050 units [^] |
Ferrari significantly outperformed its 2025 shipment guidance, setting a strong foundation for 2026. The company reported actual total shipments of 15,300 units for 2025, exceeding its initial guidance of 14,800-15,000 units issued in February 2025 [^]. For the full year 2026, Ferrari's formal guidance, issued in February 2026, projects total shipments between 15,800 and 16,200 units [^]. Additionally, specific expectations for Q1 2026 anticipate shipments to be "broadly in line with Q4 2025 levels (3,950 units) or slightly above" [^].
This optimistic outlook led analysts to revise Q1 2026 shipment estimates upwards. Prior to Ferrari's detailed 2026 guidance, the analyst consensus for Q1 2026 shipments ranged from 3,700 to 3,800 units [^]. Following the company's robust 2025 performance and positive 2026 outlook, updated consensus estimates for Q1 2026 shipments increased to 3,900-4,050 units, indicating a positive alignment between company projections and analyst sentiment [^].
10. What Could Change the Odds
Key Catalysts
Catalyst analysis unavailable.
Key Dates & Catalysts
- Expiration: June 04, 2026
- Closes: June 04, 2026
11. Decision-Flipping Events
- Trigger: Catalyst analysis unavailable.
13. Historical Resolutions
No historical resolution data available for this series.
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