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Ferrari raises 2026 guidance after Q2 earnings beat estimates
['Jaelyn Campbell', 'Jason Becknell']
CBT News
Q2 net revenue hit $2.22 billion (1.94 billion euros) and EPS reached $3.00 (2.62 euros), both above estimates.
Ferrari raised its full-year 2026 guidance after posting stronger-than-expected second-quarter results, driven by a richer sports car mix and higher demand for personalized options.
Analysts polled by FactSet had projected revenue of $2.14 billion (1.87 billion euros) and EPS of $2.83 (2.47 euros) for the quarter, according to MarketScreener.
Operating profit reached $692 million (605 million euros), up 10% from the prior year, with an operating margin of 31.2%.
Ferrari lifted its 2026 net revenue guidance to approximately $8.69 billion (7.6 billion euros), up from a prior target of roughly $8.58 billion (7.5 billion euros), which the company had confirmed after its first-quarter results in May.