Carnival reported first quarter 2026 revenue of $6.17 billion and diluted EPS of $0.19, exceeding analyst expectations. The company achieved record first quarter revenues and bookings, driven by strong consumer demand and pricing.
Key Highlights
- The company reported record first quarter revenue of $6.17 billion, a 6.1% increase year-over-year, driven by strong close-in demand.
- Net yields in constant currency grew 2.7%, outperforming both guidance and analyst expectations, indicating robust pricing power.
- Customer deposits reached a first quarter record of nearly $8 billion, up almost 10% from the prior year, reflecting continued booking momentum for future sailings.
- The Board of Directors announced a new $2.5 billion share buyback program, signaling confidence in future cash flow generation.