Total redesign: the 2025 Panigale V2 drops the Desmo for a 890cc engine with conventional spring valves and IVT variable timing — −17 kg vs Gen 1 (179 kg base), Euro 5+, 4 riding modes, 5" TFT. Base (Marzocchi/Kayaba) or V2 S (Öhlins/lithium). Limited MM93 and FB63 editions announced for 2026.