Carnival Posts Record Q3 Net Income of $1.9B, Raises FY26 Guidance
CCL is trading near its 52-week low of $21.45 (14% above the low).
Summary
Carnival reported all-time high Q3 net income of $1.92B on revenue of $8.44B, driven by strong demand and record customer deposits up nearly 7% despite flat capacity. The company raised FY26 adjusted net income guidance by over $150M to approximately $3.08B, with Q4 adjusted net income expected around $274M. Carnival also boosted its FY26 adjusted EPS outlook, and the stock jumped 11.7%. Higher fuel costs bit into margins. Year-to-date share repurchases reached $1.2B, signaling continued capital return. This follows the 8-K filed earlier today confirming the record results and guidance raise. The stock trades at 9x forward earnings versus 12x three months ago, reflecting improved profitability. Watch for sustained booking momentum into Q4 and any commentary on fuel cost pressures.
At the time of this announcement, CCL was trading at $24.55 on NYSE in the Trade & Services sector, with a market capitalization of approximately $30.3B. The 52-week trading range was $21.45 to $34.03. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.