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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the resilience of the luxury sector amid broader economic shifts, Ferrari has slightly raised its full-year financial guidance. This upward revision follows strong performance in the second quarter of 2026, driven by a significant operational momentum. According to reports, the company successfully ramped up deliveries of its new models during this period, providing a solid foundation for the updated outlook.
The sustained demand for high-end car customizations remains a primary catalyst for the company's profit growth, highlighting its strong pricing power. Per market data, the primary instrument RACE stood at $385.69 at the close of July 29, 2026, having traded within a range of $382 to $391 during that session.
Traders should monitor price stability around the $385.69 level (close July 29, 2026) following the guidance hike. While the company focuses on its delivery targets, broader industrial sentiment remains relevant; recent data showed the Eurozone Manufacturing PMI reached 52, signaling a stabilizing environment for major European manufacturers like Ferrari.
Update: CEO Benedetto Vigna confirmed that the company's order book is currently full through 2027, providing long-term revenue visibility. This momentum follows reports that Ferrari's second-quarter earnings exceeded Wall Street analyst expectations, further validating the company's growth trajectory.