Royal Caribbean Cruises reported its best quarter ever, with first-quarter net income surging nearly 30% year-over-year to $950 million, or $3.48 per diluted share, while adjusted earnings reached $1 billion, or $3.60 per share, beating analyst estimates. Revenue rose 11% to $4.45 billion, just shy of the $4.46 billion consensus, driven by strong demand, premium pricing, and higher onboard spending. The company carried 2.5 million passengers in the quarter, up from 2.24 million a year earlier, and projected full-year 2026 adjusted earnings per share in a range of $17.10 to $17.50, implying double-digit growth. Despite the robust performance and expansion plans that include a seventh Oasis-class ship, the stock has already gained 250% over five years, and the average analyst price target of $345.53 suggests only about 10% upside, leaving investors to weigh strong fundamentals against a rich valuation.
Royal Caribbean Cruises LtdRecord Q1 earnings beat estimates and strong guidance.
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