Ferrari raised its full-year guidance on Thursday after second-quarter revenue and earnings came in above analyst expectations.
The company now projects 2026 revenue of roughly €7.6 billion, up from its prior target of €7.5 billion
The automaker posted second-quarter revenue of €1.94 billion, up 8% from a year earlier. Adjusted earnings per share came in at €2.62. The results cleared the consensus estimates of €1.88 billion in revenue and €2.50 in adjusted EPS, according to CNBC.
Along with the revenue increase, Ferrari set a new adjusted diluted EPS floor of €9.68, compared with the prior minimum of €9.45, and pushed its adjusted EBITDA target up to €2.97 billion from €2.93 billion. Industrial free cash flow guidance moved up as well, to a minimum of €1.55 billion versus the previous floor of €1.50 billion. Operating profit for the quarter came to €605 million, translating to a 31.2% operating margin, and net profit climbed to €463 million, a 9% year-over-year gain.