Ferrari stock weighs Q2 growth against lower shipments

Published on 10/04/2026 at 13:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ferrari stock closed at EUR 343.5 on October 2, 2026, after Q2 revenue reached EUR 1.938 billion. Shipments fell 3.7 percent as EBIT rose 10 percent.

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Ferrari stock (ISIN NL0011585146) closed at EUR 343.5 in Milan on October 2, 2026, up 0.44 percent. The latest operating picture combines EUR 1.938 billion in Q2 revenue with a 3.7 percent shipment decline, putting Ferrari's mix strategy at the center of the investment case.

Revenue grows as shipments fall

Ferrari's second-quarter revenue increased 8 percent year over year, while EBIT reached EUR 605 million, up 10 percent, according to Road and Reason in its September 10, 2026 review of the Q2 2026 results. Shipments fell to 3,366 vehicles, yet the EBIT margin rose to 31.2 percent from 30.9 percent.

The contrast is strategic rather than purely cyclical: Ferrari is extracting more revenue and operating profit from product mix and personalization while controlling volumes. The company also raised its 2026 earnings guidance, giving the higher-value mix a direct test in the second half.

Analysts lift targets after results

Jefferies raised its Ferrari target from USD 435 to USD 460, while Goldman Sachs lifted its target from EUR 407 to EUR 421 and kept a Buy rating, Teleborsa reported on September 29, 2026. The separate currencies prevent a direct target-distance calculation, but both actions point to stronger analyst expectations after the quarter.

A broader estimate set listed by Quanteia on October 1, 2026 included 14 analysts, with 13 bullish ratings and one hold. Its median price target was USD 472.50, alongside a USD 456.00 to USD 490.00 target range.

Ferrari stock tests support

Technical levels add a more cautious counterweight. Teleborsa placed support at EUR 339.7 and resistance at EUR 349.7 after the October 2 session. The closing price sat EUR 5.8 above support and EUR 6.2 below resistance, leaving the earnings-driven thesis dependent on further profit growth rather than volume expansion.

Stock closes at EUR 343.5

Ferrari stock closed at EUR 343.5 on Borsa Italiana Milan on October 2, 2026, with a daily gain of 0.44 percent. The next reported earnings date listed for Ferrari is November 3, 2026.