Carnival Corp. (NYSE: CCL) reported Q2 EPS of $0.41, $0.08 better than the analyst estimate of $0.33. Revenue for the quarter came in at $6.7 billion versus the consensus estimate of $6.68 billion.

For the full year 2026, the company expects:

• Net yields up approximately 3.2 percent compared to record 2025 levels. Net yields (in constant currency) up approximately 1.75 percent, 2.25 percent after reflecting the impact of the summer 2025 close-in decision to redeploy away from the previously planned first quarter 2026 Arabian Gulf voyages and the impacts of loyalty program accounting for Carnival Cruise Line.
• Adjusted cruise costs excluding fuel per ALBD up approximately 3.7 percent. Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 2.4 percent, 1.3 percent after reflecting the timing of certain expenses between the years, partial year operating expenses from two exclusive destinations and over 30 basis points for certain elevated logistics costs as a result of disruption from the Middle East conflict.
• The net impact of fuel prices and currency on the company\'s June guidance compared to prior guidance was less than $0.01 per share. The company\'s guidance reflects the current spot prices of fuel. See sensitivities for fuel costs included below.

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