Ferrari lifts 2026 guidance on stronger personalization and racing demand
Jul 30, 2026, 7:04 AM EDT2 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The quarter delivered solid top-line growth, higher margins, and a raised full-year outlook, all of which tend to support near-term stock upside and potential multiple expansion, especially for a luxury/high-end brand like Ferrari with strong FCF and shareholder returns.
AI summary
What happened, with direct paths to the underlying reporting
Ferrari reported a strong Q2 2026 with €1,938m in net revenues, €605m EBIT (31.2% margin), and €463m net profit (€2.62 per diluted share). The company raised 2026 guidance on higher personalization and improved FX headwinds, supported by a robust product mix, racing and lifestyle revenue growth, and an order book covering 2027. These dynamics suggest continued margin strength and cash flow resilience for RACE in the near term.
Q2 2026 net revenues €1,938m; up 8% YoY, 11% cc.
EBIT €605m; EBIT margin 31.2%, up 10% YoY (16% cc).
Net profit €463m; diluted EPS €2.62; EBITDA €755m.
2026 guidance raised: net revenues ~€7.60b; adj EBITDA margin ≥39%.
Industrial FCF €276m; net debt €131m as of Jun 30, 2026.
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