Ferrari Misses Earnings Estimates Despite Revenue Growth
Ferrari reported second-quarter revenue of nearly €1.94 billion, a slight increase from the prior year despite a 4% decline in vehicle shipments to 3,366 units. Net income rose by 9%, reaching €463 million or €2.62 per share. However, these results fell short of analyst expectations for revenue and earnings per share. The company introduced its first electric vehicle (EV), the Luce, which was met with mixed reactions from fans who are protective of Ferrari’s traditional brand image. Ferrari raised its full-year 2026 guidance, projecting €7.6 billion in revenue compared to a previous estimate of €7.5 billion and increasing adjusted net income per share forecasts slightly. Despite the earnings miss, investors remained cautiously optimistic as the stock only dipped modestly following the report. The company attributed strong performance to favorable product mix and increased personalization options for its vehicles.
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