Shares of Ferrari N.V. (RACE) rallied on Tuesday morning after the luxury automaker forecast higher revenue and earnings for 2026.
The stock is currently trading at $367.12, up $30.95 or 9.21%, on the NYSE. The stock opened at $362.26 after closing Friday at $336.17. The stock has traded between $328.00 and $519.10 in the past 52-week period.
Ferrari reported full-year net revenues of 7.15 billion euros, up 7% from 6.68 billion euros a year earlier. Net profit rose to 1.60 billion euros, with earnings of 8.96 euros per share, compared with 1.53 billion euros or 8.46 euros per share last year.
For the fourth quarter, net profit was 381 million euros, or 2.14 euros per share, roughly in line with the prior year.
Looking ahead, Ferrari expects 2026 revenue of about 7.5 billion euros and adjusted earnings of 9.45 euros per share.
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