Carnival Corporation reported better-than-expected second-quarter fiscal 2026 results, with adjusted earnings per share of 41 cents beating the Zacks Consensus Estimate of 35 cents and revenues of $6.66 billion surpassing the $6.64 billion consensus. Revenues increased 5.3% year over year, driven by passenger ticket revenues of $4.27 billion and onboard and other revenues of $2.39 billion. Adjusted net income rose to $569 million from $470 million a year earlier, and adjusted EBITDA climbed to $1.58 billion from $1.51 billion. Despite the beat, shares fell 5.7% in pre-market trading as management's second-half outlook reflected the impact of geopolitical tensions on European bookings, though recent trends are improving. The company also reported record customer deposits of $9.0 billion and expects full-year adjusted EBITDA of approximately $7.11 billion, slightly below its prior estimate.
Carnival CorporationQ2 beat but shares fell 5.7% on weak second-half outlook due to geopolitical tensions hurting European bookings.
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