Ferrari Buyers Keep Splurging on Custom Supercars—And It's Boosting Profits

Ferrari N.V. (NYSE: RACE ) stock gained Thursday after the luxury automaker reported fiscal second-quarter 2026 results and reaffirmed its full-year guidance. The Italian carmaker posted revenue of 1.94 billion euros ($2.25 billion), up 8% from a year earlier and above the analyst consensus estimate of $2.14 billion. Earnings per share came in at 2.62 euros ($3.05), topping expectations of $2.83. Segment Performance and Margins Revenue from cars and spare parts rose 8% year over year, driven by a richer sports-car mix and higher personalization. Sponsorship, commercial and brand revenue increased 2%, supported by higher sponsorships, partially offset by lower Formula 1 commercial revenues. Total shipments declined 3.7% to 3,366. EBITDA rose 7% to 755 million euros, while the margin declined 70 basis points to 39.0%. Net profit rose 9% to 463 million euros. Operating cash flow totaled...