Carnival Corporation reported better-than-expected third-quarter fiscal 2026 results on Sept. 29, with adjusted earnings and revenues surpassing the Zacks Consensus Estimate by 5.1% and 0.9%, respectively. Adjusted earnings per share came in at $1.43, unchanged from the prior-year quarter, while revenues of $8.44 billion rose 3.5% year over year, with passenger ticket revenues up 1.8% and onboard and other revenues up 6.7%. Adjusted EBITDA totaled $2.99 billion, unchanged year over year but $110 million above June guidance, and the company raised its fiscal 2026 adjusted EPS guidance to $2.24 from $2.22 and its adjusted EBITDA outlook to approximately $7.14 billion from $7.11 billion. Customer deposits reached a fiscal third-quarter record of $7.64 billion, up approximately 7% year over year, with roughly half of fiscal 2027 already booked at record advance occupancy and pricing. Total debt declined to $23.91 billion at Aug. 31, 2026, from $26.64 billion at the end of fiscal 2025, and Carnival repurchased approximately 45 million shares for nearly $1.2 billion while paying $618 million in year-to-date dividends. Shares of Carnival have gained 18.1% since the earnings release but remain down 14.4% year to date.
Carnival CorporationCarnival beat Q3 estimates, raised fiscal 2026 EPS/EBITDA guidance, cut debt, and bought back ~45M shares.
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