Ferrari Raises 2026 Revenue Forecast to €7.6 Billion After Beating Q2 Estimates
Ferrari has updated its full-year forecast following second-quarter results that exceeded analysts' predictions. The automaker now anticipates revenue of approximately €7.6 billion for 2026, an increase from the previous estimate of €7.5 billion. In the second quarter, revenue reached €1.94 billion, marking an 8% rise compared to the same period last year, with adjusted earnings per share at €2.62, surpassing expectations of €1.88 billion in revenue and €2.50 in adjusted EPS. The company has also established a new adjusted diluted EPS minimum of €9.68 and raised its adjusted EBITDA target to €2.97 billion, while industrial free cash flow guidance has been increased to €1.55 billion. Operating profit stood at €605 million, reflecting a 31.2% margin. CEO Benedetto Vigna highlighted ongoing demand, with 3,366 vehicles delivered in the quarter. The stock saw an approximate 2% increase in premarket trading.
Key facts
- Ferrari raised 2026 revenue forecast to €7.6 billion from €7.5 billion.
- Q2 2024 revenue was €1.94 billion, up 8% year-over-year.
- Adjusted EPS of €2.62 beat consensus of €2.50.
- New adjusted diluted EPS floor set at €9.68, up from €9.45.
- Adjusted EBITDA target raised to €2.97 billion from €2.93 billion.
- Industrial free cash flow guidance increased to minimum €1.55 billion.
- Operating profit of €605 million with 31.2% margin; net profit €463 million, up 9%.
- Ferrari delivered 3,366 vehicles in Q2; order book extends through 2027.
Entities
Institutions
- Ferrari
- CNBC
Locations
- Milan
- Italy
Sources
- Quartz —