Carnival Posts Record Q3: $1.9B Net Income, Raises FY26 Outlook by $150M+
CCL is trading near its 52-week low of $21.45 (7.7% above the low).
Summary
Carnival reported all-time high Q3 net income of $1.9B, raised FY26 adjusted net income guidance by over $150M, and highlighted record 2027 bookings and $1.2B in buybacks. The company now expects FY26 adjusted net income of approximately $3,080M and adjusted EPS of $2.24, with Q4 adjusted net income of $274M and EPS of $0.20.
Updated with a Reuters report · What changed
Updates
· Seeking Alpha — Analysts raised price targets and Carnival raised FY26 net yield guidance to +3.8% from +3.2%.
· Dow Jones Newswires — Carnival now expects FY26 fuel expenses of $2.25B, up from $2.12B, and Q4 adjusted EPS of $0.20, below analyst views for $0.24.
· Reuters — Carnival expects FY26 adjusted net income of approximately $3,080M and adjusted EPS of $2.24, with Q4 adjusted net income of $274M and EPS of $0.20.
Key Events · Earnings and Guidance · CCL
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Updated · · Reuters
FY26 Guidance Raised
Full-year 2026 adjusted net income outlook improved by more than $150M versus June guidance, despite a $150M fuel-price headwind. Carnival now expects FY26 adjusted net income of approximately $3,080M and adjusted EPS of $2.24, with Q4 adjusted net income of $274M and EPS of $0.20.
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Record Q3 Net Income
Q3 2026 net income reached an all-time high of $1.9B, with adjusted net income of $2.0B and adjusted EPS of $1.43.
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Record Forward Bookings
Q3 customer deposits hit a record $7.6B, up ~7% YoY on flat capacity, and 2027 booked occupancy and pricing are at record levels.
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Capital Returns Accelerate
Completed ~$1.2B in share repurchases year-to-date, including ~$800M since the start of Q3, plus $204M in Q3 dividends.
Analysis · CCL · Energy & Transportation
Carnival delivered its best-ever quarterly net income of $1.9 billion and raised full-year adjusted net income guidance by more than $150 million versus June, overcoming a fuel-price spike. The company now expects FY26 adjusted net income of approximately $3,080 million and adjusted EPS of $2.24, with Q4 adjusted net income of $274 million and EPS of $0.20. Record customer deposits of $7.6 billion and record 2027 booked occupancy and pricing point to durable demand. The company also completed roughly $1.2 billion in buybacks year-to-date and won a second investment-grade credit rating, eliminating remaining secured debt. This is a meaningful positive update on both current profitability and forward demand visibility.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 29% of the 1653 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.58%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CCL was trading at $23.10 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $30.3B. The 52-week trading range was $21.45 to $34.03. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.