Ferrari lifted its financial guidance for 2026 following better-than-expected second-quarter results. The luxury automaker now projects revenue of approximately 7.6 billion euros, increased from an earlier target of 7.5 billion euros. Adjusted earnings are expected to reach at least 2.97 billion euros, or 9.68 euros per share, compared with the previous forecast of 2.93 billion euros, or 9.45 euros per share.
The company also raised guidance on industrial free cash flow and adjusted earnings and operating profit, though specific figures for those adjustments were not detailed. During the second quarter, Ferrari achieved an operating profit of 605 million euros with a margin of 31.2%. Net profit reached 463 million euros, representing approximately 9% growth from the corresponding period in the prior year.
CEO Benedetto Vigna attributed the strong performance to sustained customer interest in vehicle personalizations and resilient underlying demand across Ferrari’s product lineup. The company’s order book is filled through 2027, providing visibility into future revenue streams. An analyst at RBC Capital Markets observed that raising guidance in the second quarter is unusual for Ferrari, which traditionally updates its outlook in the third quarter, suggesting positive momentum for the remainder of the year.
Stock market reaction to the announcement was positive, with shares trading up more than 2% in morning trading on the day of the earnings release.
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