Ferrari Raises Full-Year Outlook Despite Q2 Earnings Miss
Despite missing second-quarter earnings estimates, Ferrari N.V. (NYSE:RACE) raised its full-year 2026 revenue and profit guidance due to strong demand for personalized vehicle options. The company reported adjusted EPS of €2.62 per share against an expected €2.85, with net revenue rising 8% year-over-year but falling short of the projected €2.15 billion. Ferrari now forecasts full-year revenue of approximately €7.60 billion and at least €9.68 in adjusted diluted EPS. The company also increased its industrial free cash flow target to €1.55 billion and raised EBITDA guidance, citing favorable product mix and racing activities as key drivers. Ferrari's order book now extends through the end of 2027, with deliveries up for several models despite declines in others undergoing phase-out. CEO Benedetto Vigna attributed the improved outlook to sustained personalization demand and disciplined execution. The stock rose about 5% in premarket trading following the announcement.
Tickers: $RACE