Ferrari (NYSE:RACE) Releases FY 2026 Earnings Guidance

Ferrari (NYSE:RACE) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 11.254- for the period, compared to the consensus earnings per share estimate of 11.240. The company issued revenue guidance of $8.8B-, compared to the consensus revenue estimate of $8.7 billion.

Wall Street Analysts Forecast Growth

RACE has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ferrari in a research note on Wednesday, July 8th. UBS Group upped their price target on shares of Ferrari from $483.00 to $497.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Morgan Stanley upgraded shares of Ferrari from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $388.00 to $438.00 in a research report on Monday, June 15th. Wolfe Research started coverage on shares of Ferrari in a research note on Tuesday, July 7th. They issued an “outperform” rating on the stock. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Ferrari in a report on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $471.97.

Ferrari Price Performance

RACE traded up $12.95 on Thursday, reaching $398.64. The company had a trading volume of 1,165,483 shares, compared to its average volume of 669,502. Ferrari has a 52-week low of $312.51 and a 52-week high of $504.49. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.08 and a current ratio of 5.20. The company has a market cap of $93.26 billion, a price-to-earnings ratio of 38.25, a P/E/G ratio of 3.35 and a beta of 0.92. The business has a 50 day simple moving average of $363.21 and a 200 day simple moving average of $352.58.

Key Headlines Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Q2 earnings and revenue beat expectations. Ferrari reported roughly $3.00 in adjusted earnings per share versus the $2.83 consensus estimate, while revenue reached about $2.21 billion against expectations of $2.14 billion. Revenue, operating profit and net income all increased year over year. Ferrari Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Ferrari raised its full-year 2026 guidance. Management cited strong execution, favorable vehicle mix and continued demand for high-margin customer personalizations. The order book remains fully booked through 2027, supporting visibility into future deliveries and revenue. Ferrari Raises 2026 Guidance After Q2 Earnings Beat
• Positive Sentiment: Customization demand is boosting profitability. Buyers continue to spend on personalized specifications and premium models, allowing Ferrari to expand margins without relying solely on higher unit volumes. Operating profit rose about 7%, while operating cash flow surged year over year. Ferrari Buyers Keep Splurging on Custom Supercars
• Positive Sentiment: Early demand for the Luce EV appears stronger than its critical reception. Ferrari said it is very pleased with orders for its first fully electric model, while reports indicated that the vehicle reached its 2026 sales target within two months, helped by demand in China. This eases concerns that the controversial design could hurt the brand or electric-vehicle strategy. Ferrari Very Pleased With Orders for Luce EV
• Neutral Sentiment: Ferrari filed its unaudited semi-annual report for the first half of 2026. Investors will likely focus on the full financial filing and earnings-call details for confirmation of the preliminary results and guidance assumptions. Ferrari Files Unaudited Semi-Annual Report
• Negative Sentiment: At a reported P/E ratio above 38, Ferrari’s valuation remains demanding. The modest guidance increase means the stock may require continued earnings beats, strong personalization revenue and sustained order momentum to justify its premium valuation.

Institutional Trading of Ferrari

A number of hedge funds have recently modified their holdings of the business. Bamco Inc. NY increased its stake in Ferrari by 790.9% during the 4th quarter. Bamco Inc. NY now owns 98 shares of the company’s stock valued at $36,000 after purchasing an additional 87 shares in the last quarter. Jessup Wealth Management Inc acquired a new stake in shares of Ferrari during the fourth quarter worth $50,000. GW&K Investment Management LLC lifted its stake in shares of Ferrari by 58.1% during the fourth quarter. GW&K Investment Management LLC now owns 136 shares of the company’s stock worth $50,000 after buying an additional 50 shares during the period. Horizon Investments LLC grew its holdings in shares of Ferrari by 33.3% during the third quarter. Horizon Investments LLC now owns 104 shares of the company’s stock valued at $50,000 after buying an additional 26 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in Ferrari by 208.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 108 shares of the company’s stock worth $52,000 after acquiring an additional 73 shares during the last quarter.

Ferrari Company Profile

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.