Companies /Consumer Cyclical
Ferrari N.V.
NYSE: RACE Auto Manufacturers
$388.28
▲ $1.89 (+0.49%) today
Markets closed · 8:13pm ET

Ferrari (RACE) Q2 2026 Earnings

Reported Jul 30, 2026, 10:37am ET · SEC source
$3.00
Beat +21.00%
EPS · est. $2.48
$2.2B
Beat +18.61%
Revenue · est. $1.9B
+2.8%
Beating market
RACE vs S&P since report
6 quarters
Consecutive EPS beats

How Did RACE Stock React to Q2 2026 Earnings?

% change · around the report
−2%0+2%Jul 30Jul 31report 10:37am ETearnings+1.1%−1.2%
−2%0+2%Jul 30Jul 31earnings+1.1%−1.2%
RACE −1.2%S&P 500 +1.1%
−2%0+2%Jul 30Jul 31report 10:37am ETearnings+0.7%−1.2%
−2%0+2%Jul 30Jul 31earnings+0.7%−1.2%
RACE −1.2%NASDAQ +0.7%
−3%0+3%+6%Jul 29Aug 7report 10:37am ETearnings+5.0%+3.8%
−3%0+3%+6%Jul 29Aug 7earnings+5.0%+3.8%
RACE +3.8%S&P 500 +5.0%
−3%0+3%+6%Jul 29Aug 7report 10:37am ETearnings+6.3%+3.8%
−3%0+3%+6%Jul 29Aug 7earnings+6.3%+3.8%
RACE +3.8%NASDAQ +6.3%
+3.12%
Day of report
−0.97%
Next session
+2.40%
One week
+6.25%
30 days

S&P 500 over the same 30 days: +3.42%.

Did RACE Beat Earnings? Q2 2026 Results

Yes. Ferrari reported Q2 2026 earnings of $3.00 a share on Jul 30, 2026, beating the $2.48 consensus estimate by 21.0%. Revenue was $2.2B against a $1.9B estimate.

Ferrari N.V. delivered a standout second quarter for fiscal 2026, beating Wall Street expectations across the board and extending its consecutive EPS beat streak to five quarters. The Italian automaker posted diluted EPS of $3.00, ahead of the $2.48 consensus by 21.00%, while revenue of $2.22 billion topped estimates by 18.61% and grew 8.4% year-over-year. The headline driver was an enriched sports car mix, particularly deliveries of the high-margin F80 supercar alongside stronger personalization revenues, which together more than offset a planned 3.7% decline in unit shipments to 3,366 cars. EBIT expanded to $692.64 million, pushing the margin to 31.2%, as Ferrari demonstrated continued pricing power despite higher U.S. import tariffs and rising industrial costs. Looking ahead, management raised full-year 2026 guidance, now targeting net revenues of approximately $8.70 billion and adjusted diluted EPS of at least $11.08, citing better-than-expected personalizations and easing currency headwinds. Ferrari is also well into a multi-year share buyback program targeting roughly $4.01 billion through 2030, reinforcing its confidence in sustained earnings momentum.

Key Takeaways
  • Enriched sports car mix including F80 supercar deliveries
  • Higher personalizations and richer country mix
  • Positive contribution from racing activities and engine rental revenues
  • Planned model change-over resulting in lower volumes but richer mix

What Is Ferrari's Outlook?

Ferrari raised its 2026 full-year guidance based on stronger-than-expected personalizations and lower-than-anticipated currency headwinds (net of hedges). Upward revised 2026 guidance: net revenues ~€7.60B (previously ~€7.50B), adjusted EBITDA ≥€2.97B with margin ≥39.0% (previously ≥€2.93B with ≥39.0%), adjusted EBIT ≥€2.26B with margin ≥29.5% (previously ≥€2.22B with ≥29.5%), adjusted diluted EPS ≥€9.68 (previously ≥€9.45), and industrial free cash flow ≥€1.55B (previously ≥€1.50B). The company confirmed: a significant model change-over to shape the year with positive product mix; higher racing and lifestyle revenues; increased brand investments as well as racing and digital expenses; and higher depreciation and amortization in line with the start of production of new models. Guidance is based on current visibility on Middle East crisis effects.

RACE YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$700.0M$1.4B$2.1B$2.0B$2.2BRevenue$1.1B$1.2BGross Profit$636.6M$692.6MOperating Income$485.7M$530.1MNet Income
$0$700.0M$1.4B$2.1BRevenueGross ProfitOperating IncomeNet Income
RACE income statement, Q2 2026 versus Q2 2025
Metric Q2 2026 Q2 2025 Year over year
Revenue $2.2B $2.0B +8.4%
Gross Profit $1.2B $1.1B +8.3%
Operating Income $692.6M $636.6M +8.8%
Net Income $530.1M $485.7M +9.1%

RACE Revenue by Segment

Cars and Spare Parts$1.9B+8.1%
Cars and spare parts
Sponsorship, commercial and brand
Sponsorship, Commercial and Brand$239.3M+2.2%
Other$114.5M+31.0%

RACE Revenue by Geography

Rest of World$1.0B
Rest of EMEA
Americas$664.5M+4.8%
United States$613.8M+11.3%
Asia Pacific$217.8M−17.4%
Italy$211.5M+24.8%
Greater China$123.7M−18.8%
United Kingdom

When Does Ferrari Report Next?

Expected report date
Before the open
Release timing

Figures from SEC filings and company reports. Not investment advice.