Investing.com -- Ferrari N.V. (NYSE: RACE) reported second-quarter results that fell short of analyst expectations but raised its full-year guidance, sending shares up 5% premarket as investors focused on stronger-than-expected personalization demand.

The Italian luxury automaker posted adjusted earnings per share of €2.62 for the quarter ended June 30, missing the analyst consensus of €2.85. Net revenues reached €1.94 billion, below the €2.15 billion estimate but up 8% YoY from €1.79 billion in the prior year period.

The company raised its full-year revenue guidance to approximately €7.60 billion from €7.50 billion previously, with the midpoint of €7.60 billion exceeding any prior guidance level.

Ferrari increased its adjusted diluted EPS guidance to at least €9.68 from at least €9.45 previously. The company also raised its industrial free cash flow outlook to at least €1.55 billion from €1.50 billion and lifted its adjusted EBITDA target to at least €2.97 billion from €2.93 billion, with margins expected to be at least 39.0%.

"The robust results achieved in the second quarter reflect our disciplined execution and the continued strength of our strategy," said Benedetto Vigna, CEO of Ferrari. "A sustained trend in personalizations allows us to raise the guidance for the year."

Operating profit reached €605 million, up 10% YoY, with an operating margin of 31.2%. The increase was driven by a positive product mix, higher personalizations, and contributions from racing activities. Net profit rose 9% to €463 million.

The company delivered 3,366 units in the quarter as it executed planned model changeovers. Deliveries of the 12Cilindri, 12Cilindri Spider, Purosangue, and 296 Speciale family increased, while the 296 GTS, Roma Spider, and SF90 XX family decreased in line with their phase-out.

Ferrari's order book now covers all of 2027, according to the company.