Ferrari (RACE) Increases 2026 Revenue Guidance After Q2 Earnings Beat

Ferrari (RACE) has raised its revenue guidance for 2026 following a strong second-quarter performance that exceeded Wall Street expectations. The company reported adjusted earnings per share of 2.62 euros ($2.97), above the expected 2.50 euros, and revenue of 1.94 billion euros compared to the anticipated 1.88 billion euros. Ferrari’s revised guidance includes a revenue forecast of approximately 7.6 billion euros, an increase from 7.5 billion euros, and adjusted diluted EPS of at least 9.68 euros, up from 9.45 euros. The increase in demand and a full order book through 2027 signal potential for higher share prices, which were up roughly 2% in premarket trading.