Carnival Raises FY2026 Outlook After Q3 Revenue, Adjusted EPS Beat

  • Carnival raised fiscal 2026 adjusted EPS guidance after third-quarter earnings exceeded estimates.
  • Carnival reported adjusted EPS of $1.43 and revenue of $8.44 billion.
  • Carnival said 2027 booked occupancy and pricing reached record levels.

Carnival Corporation beat third-quarter expectations with adjusted earnings of $1.43 per share and revenue of $8.44 billion, then raised its fiscal 2026 adjusted EPS outlook to about $2.24 from $2.22. Revenue increased 3.5% from a year earlier, while net income attributable to Carnival rose to $1.92 billion. Constant-currency net yields climbed 2.4%, exceeding June guidance by more than one percentage point, and customer deposits reached a third-quarter record of $7.6 billion. Carnival said booked occupancy and pricing for 2027 are at record levels, while 2028 bookings are running ahead of the prior year. The company expects about $3.08 billion of adjusted net income and $7.14 billion of adjusted EBITDA for fiscal 2026, despite an estimated $150 million effect from higher fuel prices. Shares were up 12.17% at $24.83 in Tuesday trading.

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