The number of cars sold fell to 3,436 during the quarter. The decline was significant in Europe, the Middle East and Africa - down 14 percent - but sales increased slightly in North and South America, as well as in Taiwan and China, including Hong Kong.
Revenue rose 3 percent to 1.85 billion euros while operating profit rose 1 percent to 548 million euros.
"With this result and an order book that extends to the end of 2027, we confirm our forecast for 2026," said Ferrari CEO Benedetto Vigna in a press release.
Ferrari's stock fell just over 1 percent after the report, which follows new tariff threats from the United States.
Later in May, Ferrari will launch Luce, its first car with a fully electric powertrain.
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