Ferrari stock holds a USD 68.3 billion market value

Published on 10/03/2026 at 23:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ferrari stock posted Q2 revenue of EUR 1.938 billion, up 8 percent year over year, while EBIT rose 10 percent. Morgan Stanley set a USD 456 target on September 30.

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Ferrari stock (ISIN NL0011585146) carried a market capitalization of USD 68.3 billion as of October 2, 2026, while the share price was last at USD 388.33 on the NYSE. The latest earnings picture combines higher revenue and profit with weaker vehicle volumes during a model changeover.

Q2 revenue rose 8 percent

Ferrari reported second-quarter 2026 net revenue of EUR 1.938 billion, an 8 percent year-over-year increase, according to Moat Explorer in its September 2026 review of the company's results. EBIT rose 10 percent to EUR 605 million, producing a 31.2 percent operating margin, while diluted earnings per share reached EUR 2.62.

The comparison matters because Ferrari generated that growth with lower deliveries. Second-quarter shipments fell 3.7 percent to 3,366 cars, while product mix and personalization supported the improvement in revenue and operating profit, according to Yahoo Finance in its July 30, 2026 earnings-call transcript.

Model cycle tests Q3

The next checkpoint is vehicle volume rather than a simple demand score. According to Aktiencheck.de on September 30, 2026, Morgan Stanley expects a sequential improvement in Ferrari's third-quarter volume trend, although the rate is expected to remain negative during the model changeover.

Morgan Stanley reduced its Ferrari price target from USD 460 to USD 456 and retained its Overweight rating, the same Aktiencheck.de report says. The USD 456 target is 17.4 percent above the USD 388.33 share price, using the target-to-price comparison.

Next results arrive November 3

Ferrari's next earnings report is scheduled for November 3, 2026, according to Investing.com. The stock's 52-week range was USD 312.51 to USD 501.40 as of October 2, 2026, placing the latest price below the yearly high while the company prepares to show whether the product transition is easing.

Ferrari's last reported quarter therefore offers two distinct signals: EUR 1.938 billion of revenue growth and a 31.2 percent operating margin on one side, against a 3.7 percent shipment decline on the other. The November report will put the expected volume improvement alongside those pricing and mix effects.