Ferrari has raised its full-year guidance after its 2026 financial results showed sustained growth during the second quarter. Net revenue reached €1.938 billion between April and June, an increase of 8% compared with the same period last year and 11% at constant exchange rates, supported by premium models, personalisation and racing-related activities.
Operating profit climbed to €605 million, giving Ferrari a margin of 31.2%. That represented growth of 10% year on year and 16% at constant exchange rates. EBITDA reached €755 million with a 39% margin, while net profit rose to €463 million. Industrial free cash flow increased by 39% to €276 million.
Ferrari 2026 financial results supported by premium product mix
As highlighted by Sport e Finanza, the positive results were primarily driven by Ferrari’s high-end product mix, the strong contribution from personalisation programmes and its racing activities. Together, these factors offset unfavourable currency movements, particularly involving the US dollar and Japanese yen.
Ferrari delivered 3,366 vehicles during the quarter, in line with its planned transition between models. Revenue from cars and spare parts increased by 8% to €1.629 billion, mainly because of the richer product mix and continued demand for personalisation.
Sponsorship, commercial and brand-related revenue reached €209 million, an increase of 2% that was largely attributed to sponsorship growth. Other revenue rose by 31% to €100 million, benefiting from the higher number of engines supplied to other Formula 1 teams.
Ferrari calls its current range the most complete in its history
During the quarter, Ferrari presented two new cars with significant symbolic value. The Ferrari Luce became the company’s first fully electric model, while the Ferrari 12Cilindri Manuale was introduced as a special series that had already been fully allocated.
These additions joined a line-up that chief executive officer Benedetto Vigna described as the most complete in Ferrari’s history. The company’s order book already covers all of 2027, providing further evidence of particularly robust demand.
Deliveries increased for the Ferrari 12Cilindri, 12Cilindri Spider, Purosangue, the 296 Speciale family and the F80. Production ramp-ups are also continuing for the Amalfi and 849 Testarossa.
As planned, deliveries declined for models approaching the end of production, including the 296 GTS, Roma Spider and the SF90 XX family.
Personalisation and racing activities strengthen profitability
Ferrari’s EBIT growth was supported by its product mix, contributions from the F80, personalisation, racing activities and a temporary reduction in depreciation linked to the transition between models.
Those benefits outweighed higher industrial costs, increased marketing expenditure and greater charges associated with estimates of Ferrari’s Formula 1 championship position. Net financial expenses decreased because of currency movements, while the effective tax rate stood at 23% thanks to benefits from the new Patent Box regime. Diluted earnings per share increased to €2.62.
In motorsport, Ferrari achieved victories and podium finishes in both the Formula 1 World Championship and the World Endurance Championship with the 499P Hypercar. The company’s racing revenue benefited from stronger sponsorship income and engine supply activities.
The Formula 1 contribution came during a campaign that has produced both encouraging results and missed opportunities, as reflected in Frédéric Vasseur’s assessment of Ferrari’s first half of 2026. The team is also continuing to invest in its technical programme, including reliability testing for its planned Monza engine upgrade.
Ferrari’s lifestyle division continued to expand through retail initiatives and experiential events at Le Mans, Monaco, Silverstone and Goodwood. Activities at the Enzo Ferrari Museum also helped strengthen the wider brand ecosystem.
Ferrari raises its full-year 2026 guidance
Following first-half results that exceeded expectations, Ferrari has revised its financial guidance for the full 2026 financial year. Net revenue is now forecast to reach approximately €7.6 billion, compared with its previous projection of €7.5 billion.
Adjusted EBITDA is expected to be at least €2.97 billion, with a margin of 39%. Adjusted EBIT is forecast to reach at least €2.26 billion, representing a margin of 29.5%, while adjusted diluted earnings per share are expected to be at least €9.68. Industrial free cash flow is projected to reach €1.55 billion.
The revised outlook reflects a stronger contribution from personalisation than initially anticipated and a less damaging currency impact than previously forecast. Ferrari continues to expect effects from its model transition, growth in racing and lifestyle activities, increased investment in the brand and higher depreciation associated with new models.
The forecast also accounts for the company’s current visibility regarding the consequences of the crisis in the Middle East.
Benedetto Vigna expresses greater confidence in Ferrari’s outlook
Benedetto Vigna highlighted Ferrari’s disciplined execution of its strategy and the effectiveness of the personalisation trend. According to the chief executive officer, these elements allow the company to approach the future with greater confidence while continuing to protect the exclusivity at the heart of the Ferrari brand.
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