The 69.6% EPS miss is a severe negative surprise that will likely drive significant selling pressure. Traders should watch for any guidance commentary during the September 29 conference call, particularly on cost trends and booking volumes for the upcoming peak season.
Price Chart
Executive Summary
Carnival Corporation reported Q2 2026 EPS of $0.41, a 69.6% miss vs the $1.35 consensus, on revenue of $8.40B (in line). The massive earnings miss signals significant operational deterioration, likely from higher costs or weaker demand, and overshadows any revenue stability. This is a bearish event for the cruise operator.
Key Financial Metrics
Key Facts
- Q2 2026 EPS of $0.41 missed consensus of $1.35 by 69.6%
- Revenue of $8.40B was in line with the $8.40B consensus estimate
- The earnings miss is the largest in recent quarters, following prior beats of +17%, +11%, +36%, and +8%
Financial Impact
EPS miss of $0.94 per share vs consensus, implying a ~$1.2B shortfall in net income on ~1.27B shares
Risk Factors
- Further downward guidance revisions on the upcoming earnings call
- Potential analyst downgrades following the large miss
- Macroeconomic headwinds impacting cruise demand or fuel costs
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302879354 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | Press Release | $22.11 $21.84 | ▲ +1.22% | ▲ +2.04% | $25.28 (−14.36%) |
Aug 5, 2026 8w ago | 8-K | $29.67 $27.67 | ▼ −6.74% | ▼ −7.09% | $25.28 (−14.78%) |
Jun 30, 2026 13w ago | Court Ruling | $28.57 $27.51 | ▼ −3.71% | ▼ −4.31% | $25.28 (−11.50%) |
Jun 30, 2026 13w ago | Court Ruling | $28.57 $27.51 | ▼ −3.71% | ▼ −4.31% | $25.28 (−11.50%) |
Apr 8, 2026 25w ago | Court Ruling | $26.31 $25.79 | ▼ −1.98% | ▼ −3.67% | $25.28 (−3.89%) |
Mar 30, 2026 26w ago | Court Ruling | $23.96 $25.20 | ▲ +5.18% | ▲ +0.88% | $25.28 (+5.54%) |
Mar 30, 2026 26w ago | Court Ruling | $23.96 $25.20 | ▲ +5.18% | ▲ +0.88% | $25.28 (+5.54%) |
Mar 30, 2026 26w ago | Court Ruling | $23.96 $25.20 | ▲ +5.18% | ▲ +0.88% | $25.28 (+5.54%) |
Mar 2, 2026 30w ago | EFFECT | $29.15 $26.37 | ▼ −9.54% | ▼ −8.33% | $25.28 (−13.25%) |
US Market Status
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