secwatch.observer — SEC 8-K summary
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Issuer:     NCL CORP Ltd. (—)
CIK:        0001318742
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0001171843-26-002956
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NCLH Q1 revenue +10% to $2.3B, Adj. EBITDA $533M beats guide; full-year outlook cut
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- GAAP net income $104.7M vs loss of $40.3M YoY; Adj. EPS $0.23, beating guidance of ~$0.16.
- Full-year 2026 Adj. EPS guidance lowered to $1.45-$1.79; Net Yield expected down 3-5% due to Middle East disruptions.
- Adj. EBITDA $533M (+18% YoY) exceeded guidance of ~$515M; Net Cruise Cost ex-fuel per Capacity Day down 0.2%.
- SG&A savings initiatives to generate ~$125M in annualized run-rate savings; fuel price net of hedges $651/ton.
- Board refreshed with 5 new independent directors effective March 31, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318742/000117184326002956/0001171843-26-002956-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318742/000117184326002956/f8k_050426.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-002956

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer