On the Dash:
- Ferrari raised 2026 guidance on stronger personalization revenue and lower currency pressure.
- Q2 net revenue hit $2.22 billion (1.94 billion euros) and EPS reached $3.00 (2.62 euros), both above estimates.
- Deliveries dipped to 3,366 units as older models phase out ahead of new launches.
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. The company reported net revenues of $2.22 billion (1.94 billion euros) for the quarter, up 8% from a year earlier, and diluted earnings per share of $3.00 (2.62 euros), up from $2.72 (2.38 euros) in the same period last year.
The results beat Wall Street estimates on both the top and bottom lines. 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%. Net profit for the quarter came in at $530 million (463 million euros).
CEO Benedetto Vigna tied the results to strong demand for the brand’s personalized options. “The robust results achieved in the second quarter reflect our disciplined execution and the continued strength of our strategy. A sustained trend in personalizations allows us to raise the guidance for the year,” Vigna said in the company’s guidance report.
Total shipments for the quarter came in at 3,366 units, down from 3,494 units in Q2 2025, as older models like the 296 GTS and Roma Spider phased out ahead of newer launches, including the Ferrari Luce, the automaker’s first all-electric model. Ferrari’s stock dropped more than 8% in May after the Luce’s reveal, a reaction the company has now moved past with the Q2 guidance raise.
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. The company also raised its adjusted EBITDA guidance to at least $3.40 billion (2.97 billion euros) and its adjusted diluted EPS guidance to at least $11.07 (9.68 euros), up from $10.81 (9.45 euros) previously.
The company said the upward revision reflects stronger-than-expected personalization revenue and less currency pressure than initially assumed, net of hedges.
