Ferrari reported second-quarter earnings that surpassed Wall Street expectations, with adjusted earnings per share of 2.62 euros compared to the anticipated 2.50 euros, and revenue of 1.94 billion euros exceeding the forecast of 1.88 billion euros.
Following this performance, Ferrari updated its 2026 guidance, projecting revenue of approximately 7.6 billion euros and adjusted earnings of at least 2.97 billion euros, reflecting slight increases in industrial free cash flow and operating profit. CEO Benedetto Vigna highlighted the sustained demand for personalizations and a full order book through 2027 as key factors driving these results.
RBC Capital Markets analyst Tom Narayan emphasized the significance of the timing of this guidance increase, noting that Ferrari typically reserves such updates for the third quarter, which could signal a positive trend for the remainder of the year.
Following the announcement, Ferrari's shares rose about 2% in premarket trading, supported by an operating profit of 605 million euros and a net profit of 463 million euros, marking a 9% increase year-over-year