Ferrari increased its 2026 financial targets following better-than-expected second-quarter results driven by robust demand for its luxury sports cars. The company now projects revenue of approximately 7.6 billion euros, up from the prior guidance of 7.5 billion euros. Adjusted earnings guidance was also raised to at least 2.97 billion euros, or 9.68 euros in adjusted earnings per share, compared with previous guidance of 2.93 billion euros, or 9.45 euros adjusted EPS. The company also provided slight increases to its industrial free cash flow and adjusted earnings and operating profit targets.
Company leadership attributed the stronger performance to sustained demand for vehicle personalizations and resilient overall demand across its product lineup. Ferrari’s order book remained full through 2027, providing visibility into future revenue. Chief Executive Benedetto Vigna highlighted these factors as key drivers of the second-quarter results and the subsequent guidance increase.
Analysts noted that the timing of the guidance raise carries particular significance. RBC Capital Markets analyst Tom Narayan indicated that Ferrari typically raises guidance during the third quarter rather than in the second quarter, making the early raise a potentially positive indicator for the remainder of the year. The analyst suggested the move could drive share price appreciation.
In second-quarter results, Ferrari posted an operating profit of 605 million euros, representing a 31.2% margin, alongside net profit of 463 million euros, reflecting approximately 9% growth from the year-ago period. Shares of the company traded up more than 2% in morning trading following the announcement.
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