Royal Caribbean Cruises

Q2 FY2026 EarningsQ2 FY2026 results outperformed consensus across major profitability metrics, with Adjusted EPS of $4.21 vs. $3.98 expected and Revenue of $4.83B slightly above the $4.82B consensus. Strong close-in demand led to a 110% load factor, while Net Yields rose 1.2% in Constant Currency. Management raised full-year Adjusted EPS guidance to $17.73-$17.87 (well above the prior CAGR-based expectations), signaling robust booking momentum into 2027 despite modest geopolitical impacts on specific itineraries.