Ferrari raised its full-year 2026 guidance after reporting second-quarter results that surpassed analyst expectations, driven by strong demand for special models and personalized features.
The company now projects full-year 2026 revenue of roughly €7.6 billion, up from a previous target of €7.5 billion. Adjusted earnings per share (EPS) for the second quarter came in at €2.62, above analysts' consensus of €2.50. Ferrari also raised its adjusted diluted EPS floor for 2026 to €9.68 from €9.45.
Ferrari lifted its adjusted EBITDA target to €2.97 billion from €2.93 billion and its industrial free cash flow guidance to a minimum of €1.55 billion from €1.50 billion. Revenue from cars and spare parts rose 8% to €1.63 billion, while sponsorship, commercial, and brand revenues reached €209 million.
A sustained trend in personalizations allows us to raise the guidance for the year.
Ferrari delivered 3,366 vehicles in the second quarter, with sales increases for the 12Cilindri, 12Cilindri Spider, Purosangue, and 296 Speciale, while declines were recorded for the 296 GTS, Roma Spider, and SF90 XX family. Limited-run models like the F80 and a more expensive version of the Purosangue boosted results, though some sources also attribute the performance to a richer product mix and personalizations.
Foreign exchange movements, primarily from the US dollar and Japanese yen, negatively affected results. Ferrari’s order book extends through all of 2027. The company has said it will continue offering combustion, hybrid, and fully electric powertrains.
Ferrari stock rose roughly 2% in premarket trading on Thursday after the earnings release. The company had earlier in 2026 unveiled its debut fully electric model, the Luce, which caused a temporary drop of up to 7.8% in Milan. First-quarter 2026 results also beat expectations, with revenue of €1.85 billion.