earnings
confidence high
sentiment positive
materiality 0.80
Carnival Q3 2026: record net income $1.9B, adjusted EPS $1.43; FY outlook raised $150M+
Carnival Corp Ltd.
2026-Q3 EPS
reported $1.96
vs consensus $1.37
▲ beat
(+43.1%)
- Diluted EPS of $1.40 and adjusted EPS of $1.43, in line with prior year despite a $0.10 ($131M) unfavorable net impact from fuel prices and currency rates.
- All-time high net income of $1.9B and adjusted net income of $2.0B; adjusted EBITDA of $3.0B, $110M better than June guidance.
- Constant-currency net yields up 2.4%, over a point above June guidance; adjusted cruise costs ex-fuel per ALBD up 1.8%, one point better than guidance; fuel use per ALBD improved 3.8%.
- Record Q3 customer deposits of $7.6B, surpassing the prior-year record by $0.5B on flat capacity; 2027 booked occupancy and pricing at record levels.
- Full-year outlook operational improvement of more than $150M in adjusted net income versus June guidance, overcoming a spike in fuel prices; ~$1.2B of share repurchases completed year to date.