Ferrari has raised its 2026 financial guidance after exceeding Wall Street’s expectations in the second quarter. The luxury automaker reported earnings per share of 2.62 euros compared to the anticipated 2.50 euros and revenues of 1.94 billion euros, outpacing the estimate of 1.88 billion euros. This strong showing highlights Ferrari's continuing appeal in the high-end vehicle market and underpins the company's updated projections for the year.

The revised guidance includes a forecasted revenue of approximately 7.6 billion euros, up from an earlier estimate of 7.5 billion euros. Adjusted earnings are also expected to rise to at least 2.97 billion euros, or 9.68 euros per share, which surpasses previous predictions. Additionally, Ferrari plans for modest increases in industrial free cash flow, adjusted earnings, and operating profit, reflecting confidence in its operational performance moving forward.

Ferrari CEO Benedetto Vigna credited the company’s performance to a persistent trend in personalized vehicle options and unwavering demand. The order book for Ferrari models is reportedly filled through 2027, demonstrating sustained customer enthusiasm and market strength. This demand resilience is a critical factor for the company’s ability to raise its financial expectations mid-year.

Market analysts, including RBC Capital Markets’ Tom Narayan, view Ferrari’s decision to raise guidance in the second quarter as a positive sign, noting it is uncommon for the company to do so this early in the year. Following the announcement, Ferrari’s shares rose more than 2% during morning trading. The automaker also reported a second-quarter operating profit of 605 million euros, representing a 31.2% margin, and a net profit of 463 million euros, which is about 9% higher than the same period last year.