by Sarah Kuta
Last updated: 7:15 AM ET, Wed June 24, 2026
Carnival Corporation achieved record results in the second quarter of 2026, but is forecasting third-quarter profit below analysts’ estimates.
The company shared its latest financial results on Monday, reporting a record $569 million in adjusted net income and a record $6.7 billion in revenue in the first half of this year.
Carnival also reached all-time high customer deposits of $9.0 billion, all while “overcoming extreme geopolitical headwinds and nearly 30 percent higher fuel costs,” according to Josh Weinstein, the company’s chief executive officer.
Carnival is 93 percent booked for the year, with less inventory remaining for sale than this time last year, “despite navigating more than a full quarter of extreme geopolitical volatility that primarily impacted booking trends for our European deployments, particularly in the Mediterranean region, which were closest in proximity to the conflict in the Middle East,” Weinstein added.
The company is also on track for record net yields in the second half of 2026, he added.
“Looking further out, demand for 2027 and beyond remains strong,” he said.
However, in the third quarter, the company expects adjusted earnings per share to be $1.35, below estimates of $1.42. Full-year adjusted EBITDA guidance declined to roughly $7.11 billion, down from the previous estimate of $7.19 billion, while the full-year adjusted EPS forecast went up by a penny to $2.22.
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