cnbc_topnews

Ferrari raises 2026 guidance after Q2 earnings beat

📰 source: cnbc_topnews · 💼 business

ferrari raised its 2026 guidance after beating wall street's q2 earnings estimates. the italian sports car maker reported adjusted eps of 2.62 euros, above the 2.50 expected, and revenue of 1.94 billion euros, ahead of 1.88 billion. the new 2026 targets include revenue of roughly 7.6 billion euros (up from 7.5 billion) and adjusted diluted eps of at least 9.68 euros (up from 9.45). ceo benedetto vigna cited strong personalization demand and a full order book through 2027.

operating profit hit 605 million euros with a 31.2% margin, and net profit rose 9% year over year to 463 million euros. shares rose about 2% in premarket. rbc analyst tom narayan noted that ferrari rarely raises guidance in q2, calling it a positive indicator for the rest of the year.

why it matters: ferrari's rare q2 guidance raise signals sustained luxury demand and margin strength, likely boosting investor confidence.

source: cnbc_topnews
sentiment: +0.60 · impact: 0.40

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'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

These charts show why stocks keep rallying. Profit margins are the highest on record

Workday shares post best day in 10 years on Silver Lake takeover report

Trade court upholds Trump's closure of 'de minimis' loophole