Just one day after Ferrari driver Charles Leclerc was hit on the opening lap of Formula 1’s Hungarian Grand Prix, the Italian automaker reported $459 million in Q2 adjusted earnings, up 210% year-over-year.
Leclerc wasn’t able to finish the race, but teammate Carlos Sainz took third — a highlight for Ferrari as it mounts a comeback from last year’s losses. Shipments during the quarter almost doubled to 2,685 vehicles.
Innovation on and off the racetrack is a top priority for Ferrari.
- It announced in April that its first all-electric vehicle will debut in 2025.
- Industry outsider Benedetto Vigna will become the company’s CEO in September.
- Amazon Web Services became Ferrari’s cloud provider for Formula 1 in June.
Ferrari’s plans to go electric are welcomed by the European Union, which has proposed a ban on the sale of new petrol and diesel cars starting in 2035.
The iconic car brand is the latest to integrate the Le Mans Daytona hybrid classification, which demands a clean-energy output. By 2023, Ferrari will be on racetracks with LMDh-classified vehicles from Acura, Toyota, Peugeot, Porsche, and Audi.
![[US, Mexico & Canada customers only] April 13, 2025; Sakhir, BAHRAIN; Oscar Piastri leads George Russell into the first corner at the start of the race during the F1 Bahrain Grand Prix at the Bahrain International Circuit.](https://frontofficesports.com/wp-content/uploads/2026/03/USATSI_25925940_168416386_lowres-scaled.jpg?quality=100&w=1024)
![[Subscription Customers Only] Jul 13, 2025; East Rutherford, New Jersey, USA; Chelsea FC midfielder Cole Palmer (10) celebrates winning the final of the 2025 FIFA Club World Cup at MetLife Stadium](https://frontofficesports.com/wp-content/uploads/2026/02/USATSI_26636703-scaled-e1770932227605.jpg?quality=100&w=1024)
