Carnival reported second-quarter CY2026 revenue of $6.66 billion, in line with analyst estimates and up 5.3% year on year, while adjusted earnings per share of $0.41 beat the consensus of $0.34 by 22.2%. Adjusted EBITDA came in at $1.58 billion, exceeding the $1.48 billion forecast, and management raised its full-year adjusted EPS guidance to $2.22 at the midpoint. However, full-year EBITDA guidance of $7.11 billion fell short of the $7.19 billion analysts expected, and the stock dropped 6.1% to $28.36 in immediate trading. CEO Josh Weinstein highlighted a twelfth consecutive quarter of record net yields and a $100 million outperformance versus March guidance despite geopolitical headwinds and nearly 30% higher fuel costs.
Carnival CorporationFull-year EBITDA guidance of $7.11 billion missed analyst expectations of $7.19 billion, causing stock to drop 6.1%.